Rye New Hampshire Real Estate Market Update - November 2008 (LOCALISM FEATURED)

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Real Estate Broker with RE/MAX By The Bay - NH and Maine NH and Maine Broker

 Rye NH Real Estate Market Update - Rye New Hampshire Homes for November 2008

Rye NH Real Estate - Ordiorne State Park - Ann Cummings Copyright 2008
Rye New Hampshire
is a lovely slice of NH beauty right along the coastline.  Rye has rocky coastline and sandy beaches, as well as beautiful inland areas.  We have some gorgeouse new construction and newer homes right alongside antique farmhouses, and we have seasonal cottages, too.

The real estate market in Rye NH has been like many other NH and Maine Seacoast towns here in this area, up and down.  Like everywhere else, everyone always wants to know how the real estate market is, here in Rye and all along the Seacoast areas.  Real estate impacts so many facets of the local economy, and many use that as a gauge for how things are now and where they might be going in the near future.

Rye NH homes real estate market for the month of November:

Rye currently has 63 homes for sale through the Multiple Listing Service (MLS), and 5 of those homes were new to the market in November.  The average asking price is $1,191,994, and the average days on the market for those homes for sale has been 231 days.

During the month of November, we saw 2 Rye NH homes go sale pending/under agreement.  The average asking price of those homes was $342,950, and the average days on the market was 48 days for those homes.

Four homes in Rye sold/closed during November, and the average selling price of those homes that sold was $526,175, with the average total days on the market for those homes being 56 days.  Those sellers who sold their homes in Rye during November received 96% of their last asking prices

We saw 9 homes in Rye expire from the market without sellingThe main reason homes don't sell during their listing period is they were priced incorrectly for the market and/or condition of the home.  And most likely, these 9 homes didn't sell because they weren't priced correctly, and buyers didn't see them as a good value for the money.


If you're thinking about selling your home, one very important fact to know about your market is the absorption rate.  The absorption rate will tell you how long it will take for the current inventory of homes in Rye NH to be absorbed by the market if no other homes come on the market.  The absorption rate for November 2008 was just under 11 months, which is a little higher than October and a little less than September.  If you want your home sold, you need to know this number to help you price your home accordingly.

   Rye NH Homes - Rye New Hampshire Real Estate - Ann Cummings NH REALTOR  Rye NH Homes - Rye New Hampshire Real Estate - Ann Cummings NH REALTOR

Are you thinking about making Rye New Hampshire or any of the surrounding Seacoast areas your home?  Call me today at 888-349-5678 x 3839, or send me an email at ann@anncummings.com, and let's talk real estate!

 

Related Reading:

Seacoast New Hampshire Real Estate Market Reports
Absorption Rates and Why They're Important to Know

  • Pricing Your Seacoast NH Homes and Condos Correctly for Todays Market
  • Pricing Your Home To Sell

    Search New Hampshire and Maine Homes Condos For Sale   Portsmouth NH Area Real Estate Market Reports
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  • -- Servicing the New Hampshire Seacoast towns of - Portsmouth, Newcastle, Rye, North Hampton, Hampton, Stratham, Exeter, Greenland, Newington, Dover, and surrounding areas.
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    Topic:
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    Rainmaker
    334,754
    Ann Cummings
    Portsmouth NH Homes - Service With a Smile!
    RE/MAX By The Bay - NH and Maine

    Hi Everyone - wow, so many comments on one of my market reports!  Thank you all for the feedback on this report, I'm glad so many of you enjoyed this one.  Stats on the market can be boring, so I've played around with formats, etc., and it seems this one is a hit.  I thank you all for reading it and letting me know that it's easy to read and easy to understand.  That's my goal!

    My whole state of NH is beautiful, but I'm so partial to the Seacoast area.  It's even prettier in person than any picture I could ever take.  And I just keep taking more pictures trying to capture the essence of my home areas.

    Thanks again for all the great comments!
    Ann

    December 24, 2008 05:59 AM
    Rainmaker
    334,754
    Ann Cummings
    Portsmouth NH Homes - Service With a Smile!
    RE/MAX By The Bay - NH and Maine

    For those who asked about the buttons on my posts - a very good friend of mine made those specifically for me, and I just love them!

    Linda - you bet we can go right to that spot WHEN you get up here for a visit!  it's a deal!

    Neal - thanks, and now I know why this got so much attention.  ;-)  Are my pancakes on the way?

    George - even a Yankees fan enjoyed this one, huh??  ;-)


    Thanks again to all of you - I very much appreciate you reading this post and I enjoyed reading through your comments!
    Ann

    December 24, 2008 06:04 AM
    Ambassador
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    Dale Baker
    New Hampshire Relocation and Views Info Blog
    Baker Energy Audits and Commercial Properties Inspections

    Howdy there Ann

    Ann

    There sure is a lot of fine looken country here in New Hampshire. Have not seen the sea coastline part of our State as of yet. You put some fine looken photos in your post. I'll have to get over your way, with my lady.

    Thank you, for stopen by my blog to visit.

    to you Ann, and God Bless

    Home InspectionsBaker Home Inspection and Consukting

    December 25, 2008 12:57 PM
    Rainmaker
    334,754
    Ann Cummings
    Portsmouth NH Homes - Service With a Smile!
    RE/MAX By The Bay - NH and Maine

    Hi Dale - wow, that's quite a greeting you have there!  You should take a trip over to my area, it really is so beautiful. 

    Merry Christmas to you,
    Ann

    December 25, 2008 01:37 PM
    Rainmaker
    1,240,670
    Charles Stallions
    800-309-3414 - Pensacola, Pace or Gulf Breeze, Fl.
    Charles Stallions Real Estate Services

    Hi Ann and hope all is well. 60 something homes on the market Wow that doesn't seem like a whole lot to sell.

    August 04, 2009 10:17 PM
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    Portsmouth NH Homes - Service With a Smile!
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