There were 4 single family home sales and no condominium sales in Rye, NH during November 2008:
Rye, NH home sales:
106 Wentworth Road sold for $272,500
158 Clark sold for $305,000
411 Washington Road sold for $739,700
650 South Road sold for $787,500
Interestingly, three of the four properties came on the market in September and the Washington Road property came on the market in July so none of these properties were on the market for a significant amount of time. Two of the properties went under contract in less than two weeks of coming on the market and a third property was on the market less than three weeks before going under contract. This data indicates there is a pool of buyers watching the New Hampshire seacoast area real estate market and these buyers are poised and ready to take action when they recognize value. In other words, the ticket to selling a property in today’s market is price. Buyers make decisions based on value and in a buyer’s market, where the buyers have lots of properties to choose from, a competitive price will be recognized.
Based on information from the Northern New England Real Estate Network, Inc. for the period of November 1, 2008 through November 30, 2008.
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