Portsmouth NH - April 2007
Condominium and Town Home Market Report
Portsmouth saw more condos sell than single family homes in April. 18 condo sales closed in April, which was as many as closed in February and March combined. The average closed sales price was $308,661 which was 97.4% of the offered price on average. Time on market hovered around the five month mark with an average of 158 DOM.
The entry point to the market was a two bedroom at Springbrook that sold for $170,000. There were multiple sales at Spinnaker Point and a new construction townhouse sold at Tidewatch for $560,000. The high end of the price range was represented by a luxury condo just off of Market Square that closed for $695,000.
There were 12 units that went under agreement for sale. The average asking price was $223,867. 32 Condominiums went on sale in Portsmouth in April at an average asking price of $373,853.
Based on information from the Northern New England Real Estate Network, Inc. for the period April 1, 2007 to April 30, 2007
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