Rye Sees Vintage Summer Home At Straws Point Home Sell For $3.5MM In October

Rye NH - October 2007
Real Estate Market Report

A Rye oceanfront 1920’s vintage summer home at Straws Point sold for $3,500,000 establishing the high end for October. Also of note - a shingle style home on Harbor Road sold for $2,100,000. There was one condominium sold in October at Rye Shores for $520,000.

In total, seven properties closed in October, up from three closings in September. The average selling price was $1,095,700 which was 91.3% of the listing price on average. Time on market was an average of 143 days.

There were five properties that reached agreement to sell with an average listing price of $945,780.

Just five properties went on sale in October - the average asking listing price was $324,052.

Based on information from the Northern New England Real Estate Network, Inc. for the period October 1, 2007 to October 31, 2007.