Seacoast home sales remain strong in February

Residential transactions fell from January but still set a monthly record

March 9, 2016

NH Business Review Staff,

While sales of single-family homes and condominiums on the Seacoast cooled from January’s record pace, they still set a February volume record.

According to the Seacoast Board of Realtors, single-family home sales were off 15.4 percent from January in 13 sample Seacoast towns, but February’s 60 sales were still two better than 2015, which was a record. Condominium sales slipped by just one sale from January’s 35 closings, but that total was also a February volume record.

Meanwhile February’s monthly median sale price of $329,500 represented a substantial decline from last month’s $410,000 and a drop of 3 percent from a year earlier. The monthly condominium median sale price reached $261,000, up 5.88 percent from 2015 and the second-highest price since August 2014.

According to the Realtors, for the first two months of 2016, single family sales are up 27.42 percent and condominium sales are up 11.2 percent. Median sale price for single-family home stands at $380,000 (up 10.14 percent) and condominiums at $245,000 (up 1.76 percent.)

Categories: Real Estate & Construction

More news from NHBR:

Making a home with NeighborWorks

Executive director Robert Tourigny discusses latest housing project in Manchester, affordable housing trends in NH ... and more

Granite Staters wary about the high cost of living

Because of tariffs, the war with Iran, and other White House policies, New Hampshire families have had to spend an additional $4,800 or more on goods and services, according to U.S. Sen. Maggie Hassan, D-NH.

Market shift or seasonal shift?

Summer selling season ends with better news for buyers in NH’s residential real estate market

Durham technology park in line for major expansion

R.J. Kelly’s proposed enhancements to its Technology Drive campus in Durham could increase the overall total space to about 850,000 square feet and provide up to 1,500 jobs

Merrimack Anheuser-Busch Property purchased by United Therapeutics Corporation

Biotechnology firm United Therapeutics Corporation has acquired the former Anheuser-Busch brewery site in Merrimack for $47 million, according to sources familiar with the matter. The transaction secures one of Southern New Hampshire’s largest industrial parcels, spanning nearly 300 acres off Daniel Webster Highway

NH’s rankings reflect the good and the bad

There are any number of reports, surveys, and rankings that show how well — or how poorly — New Hampshire is doing on a range of issues. Everything from education funding to safety to having a baby to business opportunities to student loan delinquency — it seems everything can be measured in one form or another, often as a yardstick against other states.

Glowing Math Formulas And Ai Symbols On Dark Background

MIT partners with Lakes Region Community College for pilot math and AI education program

The two educational institutions launched a new pilot partnership this summer, bringing 16 high school students from towns across New Hampshire together to learn the math behind AI and how to use it to tackle real problems.

Don’t stop at yellow lights

While major economic indicators are serving as caution tape for many organizations that are hesitant to make investments or take on risk right now, there is a very bright green light out there. There is also a fast-moving vehicle on the road: AI, and the frenetic adoption pace at which people now use it to find essential information. Organizations need to adapt to be seen and referenced by these tools.

(Opinion) The best emergency response begins long before the emergency

When the next emergency comes, the most important question won’t be whether we have a plan; it will be whether we’ve already built the relationships that make the plan work