The High End Is Alive - Portsmouth Sees $1.29MM and $1.4MM Sales In August

Portsmouth NH - August 2007
Single Family Home Market Report

The average price of newly for sale homes in Portsmouth increased in August to $509,121 for the 24 homes that came on the market.

August saw more agreements to sell than July with a total of 24 contracts that came together with an average listing price of $412,583. Those homes were on the market for an average of 94 days.

There were 23 homes that changed owners in August with an average selling price of $412,278. The average DOM was 72 days (close to the July average of 68 DOM. The average selling price was 92.9% of the asking price, which was the largest spread year to date.

There were two seven figure sales in Portsmouth in August. A four bedroom brick face colonial in Tuckers Cove sold for $1,290,000 and a four bedroom shingle style cape in Tuckers Cove sold for $1,400,000.

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