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Portsmouth, NH Real Estate News

By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Navigating the world of real estate can be daunting, especially with the industry-specific jargon used by professionals. Whether you are looking to buy or sell a home, understanding common real estate terms is essential. As your dedicated real estate experts, we’re here to break down the most important terms you’ll encounter, ensuring you’re well-prepared for the journey ahead.  For Home Sellers 1. Listing Agreement: This is a contract between you, the homeowners, and a real estate agent (like us), authorizing the agent to represent you and sell your home. Let’s discuss how we can represent your interests.2. Asking Price: The initial price you set when your home is put on the market. It’s crucial to set a competitive asking price that reflects the current market conditions. We can provi...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
Mardi Gras celebrations aren't just for New Orleans!  Portsmouth NH residents celebrate the spirit and cultural traditions of Mardi Gras around the Seacoast in a variety of ways.  Come celebrate with us and join in the fun - something for everyone, kids and adults alike! Feb. 5th- Fat Tuesday Mardi Gras celebration with the Jumbo Circus Peanuts Band at The Press Room in downtown Portsmouth.  Show time is at 9pm, and there'll be plenty of food to eat and libations to consume.  And don't forget the music and dancing - Jumbo Circus Peanuts is an AWESOME band.  We've heard them several times, and you won't want to miss this celebration.Feb. 5th - Crescent City's Fat Tuesday Festivities in Dover.  Take part in the 7th annual Fat Tuesday Pub and Grub Crawl.  Five local downtown Dover restaura...
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By Shannon Aldrich, NH & Maine Real Estate Seacoast
(Keller Williams Coastal Realty)
Real Estate Market Update Update 14 For January 29- February 3, 2008Rockingham County, New Hampshire Single Family HomesTotal Listings Available 1,968 (Last Week 1,943)Price Range $89,900-$9,500,000Total New Listings This Week 113 (Last Week 91)Price Range $149,900-$1,125,000Total Pending This Week 21 (Last Week 44)Total Withdrawn This Week 36 (Last Week 21)Total Expired This Week 66 (Last Week 38)Total Sold This Week 40 (Last Week 27)CondosTotal Listings Available  881 (Last Week 871)Price Range $57,000-$1,337,000Total New Listings This Week 48 (Last Week 34)Price Range $74,900-$549,000Total Pending This Week 9 (Last Week 12)Total Withdrawn This Week  24 (Last Week 29)Total Expired This Week 36 (Last Week 31)Total Sold This Week 12 (Last Week 8)Shannon Aldrich, Keller Williams Coastal ...
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By Patricia Aulson, Realtor - Portsmouth NH Homes-Hampton NH Homes
(BERKSHIRE HATHAWAY HOME SERVICES Verani Realty NH Real Estate )
CHECK OUT MY  "AREA LIVING PAGE" @  www.patricia4realestate.com   Please use this page as a resoure you can count on to find anything along the seacoast of NH ME & MA to Boston~ You can click on these links to find just about anything, tax information, UNH schedule, Boston Garden Schedule, The Downeaster information, Schools (any school in the country) there is a link to access information.Theater information, from The Music Hall in Portsmouth NH to Boston theaters, Portsmouth NH Real Estate  Movie Theaters, Real Estate, Hampton NH Real Estate    "Property Search" for all the MLS properties FREE! Vacation Homes Rentals Luxury Seacoast Property ~ "Experience isn't expensive...it's priceless!"    Enjoy this  helpful resource page and make it one you can count on anytime!  ~Licensed in NH ...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
Are You Ready For Some Football?!?!?!?! Do you love football?  Are you a New England Patriots fan?If you live in the Portsmouth NH area and are looking for some Super Bowl fun for this coming game on Sunday, Feb 3rd, there are lots of options for you!  How great is that?!?!?  I read an article recently that was talking about the cost going to the Super Bowl this year, and they compared that cost with the cost of the median home in some states back in 2000, per the US census.  That median price was $133,000.  Did you know that you, and 9 of your closest dearest friends could go to the Super Bowl this year, and watch the game in style in one of the luxury boxes for just a mere $30,000 more?  A little too rich for your pocketbook?  It certainly is for mine!  Another article I read said tha...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
We've all heard the latest news about the Federal Reserve dropping rates.  And I know there are plenty of home-buyers out there wondering just what that means to them at this point.Interest rates are now the lowest they've been in the last three years - how great is that??!!?  Plenty of buyers have been trying to time the market, and that is a VERY difficult thing to do.  Are the prices going down more, will the interest rates go down any more - what should I do...these are things we know buyers are thinking right now because we get the phone calls and emails asking just that.The plain and simple answer is - we just don't know!  We can make predictions based on facts and figures from the last few months, and those can indicate trends.  But at best, those are educated guesses.Here's what...
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By James Downing - Metro DC Houses Team REALTORS®, CRS, GRI, ABR,MRP, MilRes, When Looking to Buy or Sell - Make the Right Move
(Real Living | At Home)
I ran across this News story this morning:     Bone marrow drive aims to help ill officer    Source: Seacoast Media Group  Event DetailsBONE MARROW DRIVE When: Monday, Feb. 4, 4-8 p.m.Where: North Church Parish House, 355 Spinney Road, Portsmouth, NHResources: For information about bone marrow testing and donating, visit http://www.marrow.org/ If you know anyone in the Portsmouth, NH area; pass this along!  Call James for all your Real Estate needs and questions; servicing DC, Virginia, Maryland and the Greater Washington DC Metro area. RE/MAX Allegiance - Georgetown1720 Wisconsin Ave NWWashington DC 20007202-338-8900 Main OfficeLicensed in DC,MD,VA
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By Joshua Matthews
(Keller Williams Metropolitan)
      I know the majority of america is freaking out about our nations economy right now, and some of it is rightly deserved, but i think the majority of americans have some misunderstandings about what it actually means.  A recession is when the economy has two quarters of downward growth in a row.  Can this have some negative affects?  Yes, but what you need to keep in mind is that recession doesnt mean depression.  Since the great depression during World War II, there have been 10 recessions and although people have struggled, they have made it through rough times.  Most importantly, the longest recession only lasted 15 months, so there should already be an end in sight if you look at how things have corrected themselves in the past.  What does this mean?  Much cheaper home prices ac...
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By Shannon Aldrich, NH & Maine Real Estate Seacoast
(Keller Williams Coastal Realty)
Real Estate Market Update -Update 12 For January 15-21, 2008Rockingham County, New HampshireSingle Family HomesTotal Listings Available 1,917 (Last Week 1,912)Price Range $89,900-$9,500,000Total New Listings This Week 77 (Last Week 71)Price Range $169,900-$1,050,000Total Pending This Week 32 (Last Week 38)Total Withdrawn This Week 26 (Last Week 23)Total Expired This Week 63 (Last Week 57)Total Sold This Week 14 (Last Week 18)CondosTotal Listings Available 882 (Last Week 896)Price Range $60,000-$1,337,000Total New Listings This Week 25 (Last Week 36)Price Range $90,000-$362,500Total Pending This Week 17 (Last Week 12)Total Withdrawn This Week 22 (Last Week 4)Total Expired This Week 13 (Last Week 35)Total Sold This Week 9 (Last Week 9)Shannon Aldrich, Keller Williams Coastal Realty Portsm...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
PORTSMOUTH NH The 15th Annual Greater Portsmouth Region's Best Businesses for 2007 winners were recentlyl announced. Portsmouth has so many wonderful businesses all around the region, and for there to be only one "Best" in each category ever year in this survey is difficult to choose. Want to know the 'best' businesses in Portsmouth?   A survey was conducted by GKM Independent Survey Co. throughout the Seacoast region for small businesses in the area, and some of the 2007 first place winners in each category are listed below:"Best Real Estate Office" - RE/MAX Coast to Coast (our 3rd year in a row!)"Best Coffee Show" - Breaking New Grounds"Best Florist" - Jardinere"Best Car Dealership" - Seacoast VW"Best Casual Restaurant" - The Rusty Hammer (a favorite of locals for sure!)"Best Chinese ...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
RE/MAX Coast to Coast voted Best Real Estate Office!!Every year in the greater Portsmouth NH area, there is a survey done for the Annual Best Businesses.  This survey is done by GKM National Independent Survey Co.  The survey is done throughout the region for the small business communities of the Seacoast NH areas. This year's results were just released this week, and for the third year running, my office won the number 1 position of "The Region's Best Real Estate Office"!  Three years in a row for us is just AWESOME!My office, RE/MAX Coast to Coast, is an independently owned company, and we're a one-office firm as well.  We have 30+ full-time professional agents, and a great team of support staff.   And I have to say, I think we have one of the nicest offices in the area, too.  It's be...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
Portsmouth NH Homes  If you love going to home shows, we've got two big ones coming up here in Portsmouth New Hampshire.  Mark your calendars and make plans to go and check out all the vendors and displays.  There's no time like the present to start planning spring and summer projects!  The New Hampshire Home and Garden Show - January 19, 20, and 21.  This show will be at 72 Pease Blvd on Pease International Tradeport, Portsmouth NH.  Over 120 vendors that will be featuring home improvement, indoor and outdoor projects, garden and landscape vendors.  For more information on this show.......The Greater Portsmouth Home Show - January 26 - 27.  This show will be held at The Frank Jones Center, located at 400 Route 1 Bypass in Portsmouth NH.  This show will feature plenty of hands-on exhib...
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By Bill Paesano
(1-800-GOT-JUNK?)
Please feel free to call or e-mail me with any questions you may have. Thanks.
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
 Here we are again in Portsmouth New Hampshire, getting hit by ANOTHER snowstorm!  At this point, none of my clients who've relocated here this past year are believing what I told them when I first started working with them when they'd ask about how much snow we generally get here in the Seacoast each winter - and after the snow we've already had so far this winter, I can see why they're wondering! Until yesterday, we had bare ground with just spotty patches of snow here and there, and of course the snow hills that had been piled up in parking lots around town.  But nice bare ground, which was VERY nice to see!REALLY - we really do get far less than this on average each winter!  And just to prove that point, the snow budgets in the towns around me are pretty much spent, and we still hav...
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By Shannon Aldrich, NH & Maine Real Estate Seacoast
(Keller Williams Coastal Realty)
Real Estate Market Update -Update 11 For January 8-14, 2008Rockingham County, New HampshireSingle Family Homes Total Listings Available 1,912 (Last Week 1,907)Price Range $89,900-$9,500,000Total New Listings This Week 71 (Last Week 55)Price Range $169,900-$1,250,000Total Pending This Week  38 (Last Week 23)Total Withdrawn This Week 23 (Last Week 24)Total Expired This Week 57 (Last Week 45)Total Sold This Week  18 (Last Week 12)CondosTotal Listings Available 896  (Last Week 867)Price Range $60,000-$1,337,000 Total New Listings This Week 36 (Last Week 18)Price Range $89,900-$739,900Total Pending This Week 12 (Last Week 4)Total Withdrawn This Week 4 (Last Week 10)Total Expired This Week 35 (Last Week 27)Total Sold This Week  9 (Last Week 5)This information for Rockingham and Strafford coun...
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By Shannon Aldrich, NH & Maine Real Estate Seacoast
(Keller Williams Coastal Realty)
I am ecstatic to announce "Cottage on Snowflake Lane" won first place at the 2007 Strawbery Banke Candlelight Stroll Gingerbread House contest! I just received the certificate in today's mail along with a nice gift certificate to Sunday Brunch at the Sheraton Harborside. My niece Clara and I were not even able to attend the Stroll this year and vote due to holiday scheduling. Sorry I do not have pics of all the winners. What a terrific surprise for a rainy Friday morning. Thank you to anyone who did get the chance to attend and voted for our ode to blue candy. The cottage was taken to a local nursing home after the event to be on display through Christmas.This was a record setting year with 43 gingerbread entries to the contest. The list of ideas was endless from the Portsmouth Harbor s...
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By Ann Cummings, Portsmouth NH Real Estate Preferrable Agent
(RE/MAX Shoreline - NH and Maine)
Portsmouth NH Homes | Portsmouth NH Condos  This past year in the Portsmouth NH real estate market, we saw  a number of interesting things, scattered over several months.  We saw a number of properties sell very quickly, and for close to or at their asking price.  We also saw multiple offer situations from time to time as well.The important part of each of those situations was that the sellers paid attention to what the market was indicating for price, and they priced their properties appropriately for the market at that point in time.                      Sales of Portsmouth NH homes in 2007 topped those sold in 2006.  The total number of homes sold in 2006 was 143 and for 2007, we sold a total of 173 homes. Average sales prices of Portsmouth homes was down slightly in 2007 over 2006. ...
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By Patricia Aulson, Realtor - Portsmouth NH Homes-Hampton NH Homes
(BERKSHIRE HATHAWAY HOME SERVICES Verani Realty NH Real Estate )
Whatever the market is doing doesn't matter much when location says it all. Everyone wants to be by the seacoast of NH and view it as a four season destination.Spring, summer, fall or winter there is always something to do to have fun. The natural beauty of NH and it's tax benefits~ there is no state or income tax in NH. Alll this and immediate access to major highways gives NH seacoast the location to command the prices they continue to get in any kind of market.~~"The Live Free OR Die State"  has it all.  Check us out at www.patricia4realestate.com for all your real estate needs.  Hampton NH Real Estate key it in and you'll see for yourself if you don't already know about this wonderful area.  Give me a call or drop an email and I'll open all the right doors for you in NH. ME and MA   
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By Shannon Aldrich, NH & Maine Real Estate Seacoast
(Keller Williams Coastal Realty)
Real Estate Market Update -Update 10 For January 1-7, 2008Rockingham County, New HampshireSingle Family Homes Total Listings Available 1,907Price Range $89,900-$9,500,000Total New Listings This Week 55Price Range $139,900-$1,275,000Total Pending This Week 23Total Withdrawn This Week 24Total Expired This Week 45Total Sold This Week 12CondosTotal Listings Available  867Price Range $60,000-$1,337,000Total New Listings This Week 18Price Range $86,00-$439,900Total Pending This Week 4Total Withdrawn This Week 10Total Expired This Week 27Total Sold This Week 5This information for Rockingham and Strafford counties is compiled through NNEREN, Northern New England Real Estate Network for the period listed. Information is deemed reliable but not infallible.Shannon Aldrich, Keller Williams Coastal ...
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By Shannon Aldrich, NH & Maine Real Estate Seacoast
(Keller Williams Coastal Realty)
Welcome to 2008! The end of 2007 has come and gone so I decided to only focus on the numbers for this blog. Has our housing market caved in? has the reputed bubble done burst? or not? That is the big question I am asked every day. The final numbers are in for what really happened in our local real estate market in 2007. Remember all real estate happens locally - so if the market somewhere else is in trouble don't focus on it - look at what is going on in your home town.Rockingham County, NH-Single Family Homes2007 Sold 2,675 homes in an average days on market of 134 for a median selling price of $314,514.2006 Sold 2,648 homes in an average days on market of 106.3 for a median selling price of $330,044So for all the media hoopla we saw 27 fewer homes sold in 2007 or less than a 1% change...
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By Jim Lee, REALTOR, CRS, ABR, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
So this week I'm over at Hilton Head Island for a little winter getaway. January beach view at Hilton Head Island, South Carolina I've just finished emailing a home inspection contingency release to a buyer after negotiating a cash settlement for some defects revealed during our home inspection back in Knoxville yesterday. I called my buyer via cell phone and instructed him to fax the signed copy to my MyFax email account so I can forward it to the seller's agent who is also back in Knoxville. Since we arrived Sunday I've also scheduled closings for the 3 sales I completed in December including emailing the contracts to all the appropriate parties, I have a second home inspection going on right now for the second sale and the third scheduled for tomorrow. The point of all this is to say...
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