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Market Insights

Record sell-off sparks new highs for 2014

by John Rice 

PORTSMOUTH-December residential and condominium real estate sales in the 13 Sample Seacoast Towns set at least a five year volume record last month, according to statistics 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.


The December surge enabled real estate sales to also log the best fourth quarter in at least five years for both single family and condominium units. There were 89 single family sales in December, ten more than last year and 18 more than last month. The 40 condominium sales were just one more than last month, but seven more than last year or 21.2%.


The year establishes a new annual high for total single family and condominium sales. There were 1071 single family transactions, up 2.9% from 2013. The median sale price of $370,000 was up 5.7%


Condo sales soared 14.4% on a total of 554 units sold. The annual median sale price of $238,000 was up 3%.


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