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July 2024

July 2024

HIGH END SALES SET NEW JULY RECORDS

PORTSMOUTH—July sales of homes and condominiums in the 13 Sample Seacoast Towns priced more than $1 million dollars set monthly volume records, according to statistics just released by the Seacoast Board of REALTORS.

                The 13 Sample Seacoast Towns are Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth, Rye, Seabrook, and Stratham.

                Although July’s 80 residential sales were off 10% from last month, sales were up a robust 56.8% from a year ago. It was the fourth straight month that a new monthly record was set in the plus $1 million-dollar price range. Still, the monthly median of $795,000 dollars is down 12.7% from a year ago. For the year, total sales are now up 2.1% while the seven-monthly median of $829,000 is up 15.1% from last year.

                Two of the month’s three biggest sales came in Rye, 229 Wallis Road which closed July 1 at $3.69 million dollars and 15 Sea Road, which closed at $2,487,000 dollars on July 29. New Castle had the area’s second largest sale at 57 Ducks Head, closing July 31 at $2,695,000 dollars.

                It was also a record July for condominiums priced at $1 million dollars or more although the 10 sales were eclipsed by May’s 11 high-end sales. Condominium sales were off 12.2% from a year ago although up 42.2% from last month. The monthly median price of $596,950 is off 10.9% from the yearly high but up 29.7% from a year ago. For the year, condominium sales are up 11.9% and the seven-month median of $600,000 is up 12.2% from last year.

                The month’s top ten condominium sales were all in Portsmouth with the largest coming July 17 at 1 Harbour Place at $3.8 million dollars. This is the third largest condominium sale all-time in Portsmouth.

                “Our real estate market continues to do very well,” said Lynn Lagasse, president of the Seacoast Board of REALTORS. “While median prices cooled somewhat, volume numbers were very strong across the various price categories.”

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