Value of house, condo sales decreases 44%
It was a chilly winter in Hampton, at least when it came to real estate sales.
According to an analysis of data contained in real estate deeds filed with the Rockingham County Registry of Deeds, the value of sales of homes and condominiums was 43.9 percent less than it was in the fall.
The winter months used in the analysis were December 2011, January 2012 and February 2012, versus the 2011 fall months of September, October and November.
During the winter period, 31 houses sold for a total of $9.7 million while 21 condos sold for a total of $4.7 million. During the fall, the value of house transactions was $16.5 million and the value of condo transactions was $9.4 million.
The average price of a house that sold in Hampton fell to $314,158, an 8.4 percent decline from the fall average of $342,830. The average price of a condo that sold during the winter was $226,086, a slight uptick from the $222,743 average of a condo sale during the fall.
The stories in Hampton Falls and North Hampton were similar.
Five homes in Hampton Falls sold for a total of $1.4 million, a 22.7 percent decline over the fall. One condo sold for $64,000.
The average price of a house that sold in Hampton Falls during the winter period was $287,800, compared to $372,300 during the fall.
In North Hampton, 13 houses sold for a total of $4.9 million, while two condos sold for a total of $590,500. The total value of the residential sales ? $1.5 million ? was 19.3 percent less than the value of the sales during the fall.
The average price of a house that sold during the winter in North Hampton was $344,838. The average price of a condo that sold was $295,250.
The value of total sales in the three communities is at the lowest they've been in five seasons.
A sampling of Seacoast communities that includes data from Portsmouth, Hampton, Hampton Falls, North Hampton, Exeter and Stratham showed an overall decline from fall to winter of both total sales and average prices for both houses and condos.
The data shows a 22.2 percent decline in total sales ? from $82 million during the fall to $63.8 million in those communities.
The average price of a house in the sample area went from $394,451 in the fall to $320,811 during the winter. The average price of a condo declined 3.1 percent in the area, from $226,553 to $219,634.
Reader Reaction We reserve the right to remove any content at any time from this Community, including without limitation if it violates the Community Rules. We ask that you report content that you in good faith believe violates the above rules by clicking the Flag link next to the offending comment. New comments are only accepted for two weeks from the date of publication.
Source: http://www.seacoastonline.com/articles/20120311-BIZ-203110342
caucus results exton zsa zsa gabor red dawn kurt warner kurt warner ricky williams
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.