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Market Insights

Seacoast condo prices hit new high


SEACOAST CONDO MEDIAN SALES PRICE HITS NEW 24-MONTH HIGH

By John W. Rice, Broker

PORTSMOUTH-The Median Monthly sale price of a single-family
condominium unit in the 13 sample seacoast towns hit its highest level in at
least 24-months in September, according to 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.

In monthly sales statistics just released by the SBR, the median sales price of a single family condominium unit climbed to $267,000. That's an impressive 34.8% higher than last year. Monthly volume was also up 45.4% helping to boost third quarter sales to 164-by far the best quarterly showing in at least the last two years.

Meanwhile monthly single family sales volume came in virtually the same as a year ago, when there was one more transaction or 90 sales. The monthly median sales price was up a solid 8% from last year at $355,000, although this figure has been topped twice already in 2013. Like condo sales, it was the strongest quarterly showing for single family units in at least two years with the 334 transactions besting third quarter 2012 by 5.3%.



 


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