December 2024
REAL ESTATE MARKET FINISHES 2024 WITH MORE HIGH-END MONTHLY RECORDS
PORTSMOUTH—Sales of high-end single-family homes and condominiums in the 13-Sample Seacoast towns set December volume records as the 2024 ended.
The 13 Sample Seacoast Towns are Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth, Rye, Seabrook, and Stratham.
There were 23 single family sales of homes priced at $1 million dollars or more, besting the old December record set in 2022 by two sales. The biggest sale came at 3 Currier’s Cove in Portsmouth at $6.8 million dollars, closing at full price. The waterfront, 3,813 s.f., 4-bedroom home becomes the largest sale ever in Portsmouth and only the fourth Portsmouth transaction in modern sales history to top $6 million dollars.
The month saw 70 single-family sales, five fewer than in November but up 84 percent from last year when there were only 38 sales. The monthly median of $787,500 is up 3.6 percent from last year. For all of 2024 there were 738 sales, up 13.1 percent, closing at a median $800,000, up 8.1 percent, and a new annual record.
After a slow November, condominium sales bounced back with 51 transactions, 12 more than last month and up 41.7 percent from 2023. The five units that sold for $1 million or more represent a December volume record. The biggest sale came in Portsmouth at 1171 Sagamore Avenue, a 3-bedroom, 2,225 s.f. unit that closed at $1,689.500 dollars. The monthly median sales price was $535,000, down 9.7 percent from 2023.
The year finishes with 598 sales, up 8.9 percent from 2023 on a median price of $577,950, up 2.1 percent and a new annual record.
“This was certainly an impressive finish for 2024,” said new Seacoast Board of REALTORS® President Lexi Leddy. “There really is no underestimating the confidence consumers seem to have in their Seacoast real estate investment.”
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