Portsmouth, NH Real Estate News

By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
What Will the Housing Market Look Like in 2023?Spoiler alert; it's all about inflation. Jim Lee & Ann Cummings, REALTORSRE/MAX ShorelineNew Hampshire Maine Real EstateDirect: 603-436-1221, voice or text
Comments 3
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Real estate is always a hot topic of conversation. We’ve talked to fellow experts, including other Realtors, lenders, and economists, to get the best sense of what the 2023 Portsmouth, NH real estate market will look like. We also looked into our real estate crystal ball to make sure we covered all the bases.We all agree that the rise in home prices will be lower than it was this past year and the frenzied markets of 2021. At this early stage in the year, we can expect home price appreciation to be in the 1-4% range in 2023 for the reasons stated below.All our experts agree there will not be a repeat of the 2008 crash for the simple reason that lending standards and guidelines have tightened up significantly since then. In 2007 if you had a pulse, you could probably get a mortgage wheth...
Comments 0
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Planning To Sell Your House? It's Critical To Hire a Pro. With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you're considering selling your house, it's essential to understand how the market has changed and what that means. The best way to ensure you're in the know is to work with a trusted Realtor who is an expert in your local market. Here are five reasons working with a professional can ensure you'll get the most out of your sale. 1. A Realtor Is an Expert on Market Trends Leslie Rouda Smith, 2022 President of the National Association of Realtors (NAR), explains: "During challenging and changing market conditions, one thing that's calming and constant is the assurance that comes from a Realtor® being in your corner th...
Comments 0
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Key Takeaways: Less competition and holiday decor make your home stand out. Serious buyers and fast closings make for a merry sale. Contact us today to get started with the year coming to a close! Believe it or not, the holidays are an excellent time to sell your home! People are in warm spirits, and there is typically less competition from other sellers during the holidays, so your house is more likely to stand out. So if you’re considering selling your house, the holidays may be the perfect time to do it! During the holidays, people are out shopping—for homes! Yes, homebuyers take advantage of the festive atmosphere to research options and kickstart their house-hunting journey. With offers of holiday cheer in the air, many buyers feel more confident taking the plunge and seriously mak...
Comments 1
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Here is the Portsmouth, New Hampshire Real Estate Update for November 2022. Let’s take an in-depth look at the numbers and what they mean.The chart above is an overall look at the single-family home statistics. The median sales price is up almost 20% to $750,000. 157 sales year to date, and as the line graph shows, Portsmouth prices continue to outpace prices throughout the state.Click here for the rest of the story and an in-depth analysis of the Portsmouth, New Hampshire, Real estate market. 
Comments 0
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
The November sales stats for single-family homes in Portsmouth, New Hampshire, are out. * Closed sales 17 vs. 18 for the same time in 2021.* Days on the market were down from 24 in 2021 to 13 days in November 2022.* Pending sales are sales under contract but not closed. These are good predictors of near-future activity. November pending sale will be completed in December or January. 11 pending in 2022 vs. 9 in 2021.* Month's supply of inventory, 2 months which means it would only take 2 months to sell all the current homes for sale in Portsmouth. This number indicates we're still in a seller's market.Take a look at the rest of the stats. We're happy to supply the same data for your New Hampshire town; drop us an email or comment below. We're happy to discuss what these numbers could mea...
Comments 1
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
"Yesterday, December 7th, 1941—a date which will live in infamy—the United States of America was suddenly and deliberately attacked by naval and air forces of the Empire of Japan."Those words began US President Franklin D. Roosevelt's speech to Congress as he asked for a Declaration of War against Japan. 81 years ago today, Portsmouth, NH, residents heard a news flash on the radio that the Japanese were attacking our Naval base at Pearl Harbor. That marked the U.S. entrance into World War II.The story below is reposted again with permission from a good friend and fellow Realtor, Saul Klein, whose father was actually at Pearl Harbor during the attack. The elder Mr. Klein was a young sailor and sat down many years later with his son Saul to memorialize his story.To set the stage, listen t...
Comments 0
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Are you making a mistake by not listing your Portsmouth, New Hampshire house for sale now? There are three great reasons why selling your house during the holidays is a great idea. Watch our 1 minute video to find out why now may be the best time to put your house on the market and get it sold. 
Comments 2
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
 If you're selling your house, it's time to get real on pricing. Today's market has cooled somewhat from the frenzy of 2021, but the good news is that homes are still selling even with the rise in interest rates. You need to have an experienced professional help you price your house to today's market, not last year's, and you'll be a lot closer to getting your home sold for the best price in the shortest amount of time and with a minimum of hassles. Give Ann and me a call today, and let's talk. Click this link https://bit.ly/3ABUcVy to see the latest Portsmouth, NH sales data. #annandjim #lifeontheseacoast
Comments 2
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Closed sales. Portsmouth, NH, is a town of approximately 22,000 people and an area of just under 17 square miles, making it a fairly small city with a small but pricey real estate market. Because of that, the number of closed sales dropping 23.5% in October versus the same time in 2021 doesn’t mean much.Average days on the market for Portsmouth, NH, single-family homes and condos.The average days on the market tell us how lively the market is and how fast homes sell. The Portsmouth average for single-family homes and condos of 33 days tells us the market is still pretty vibrant despite rising interest rates. Why is that? The supply of homes for sale is still low, and demand is still pretty strong.Portsmouth NH absorption rate October 2022.The absorption rate, or the number of months’ su...
Comments 4
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Here's our August 2022 real estate market update for Portsmouth, NH. We'll have the September update in early October after all the September closings settle and get processed. Would you like a market update for your town? Just drop us a line or comment here and we'll get it for you right away. #annandjim #lifeontheseacoast
Comments 1
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
 Will home prices fall this year? Here's what the experts say; watch this 1-minute market update.#annandjim #lifeontheseacoastVisit the New Hampshire Seacoast here.
Comments 1
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Why It’s Still a Sellers’ MarketAs there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know this market is still anything but typical.Even though the supply of homes for sale has been growing this year, there’s still a shortage. And that means conditions continue to favor sellers today. That’s because the inventory level of homes for sale can help determine if buyers or sellers are in the driver’s seat. Realtors call it the “Absorption Rate.”Click here to find out how to calculate your local absorption rate and why it's important to know.
Comments 3
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Ann and Jim will supply the missing pieces for your real estate sales puzzle. SOLD is the most important piece, don't let yours be missing. Our Virtual Home Selling program gets your home sold safely, quickly, and for the best price. Call #AnnandJim today to complete your puzzle. Direct 603-436-1221
Comments 0
By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
We are proud to report that this Luxury home in Portsmouth NH as SOLD and CLOSED. We list and sell homes through out the Seacoast area and Southern NH.  Scott Godzyk of the Godzyk Real Estate Services was the Exclusive Agent on this sale. Please email sctprop@aol.com or call 603.661.2121 with questions if you would like to buy or sell a home.   WE CAN SELL YOUR HOME TOO  CALL TODAY FOR A FREE MARKET ANALYSISTO SEE WHAT YOUR HOME IS WORTH Search the MLS Multiple Listing Service by Clicking Here   Price: $714,000  7 Rooms, 3 Bedrooms and 2 1/2 bathrooms Built in 2004 Size: 3182 SF LOT SIZE: 1.02 Acres  Subject to error, ommsion or prior sale. Subject to change without notice.     If you are thinking of buying a Home please contact us. Get a free pre-qualification along with some of the BE...
Comments 0
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
For a great Christmas activity sure to delight kids of all ages we highly recommend a visit to the Portsmouth Discovery Center to see the 28th Annual Gingerbread House Exhibit. Prepared to be amazed as your tour the exhibit of over 50 amazing structures constructed of gingerbread and others holiday edibles (no sampling unfortunately)..The exhibit runs through December 22nd and is free to the public. Easy parking just across the street in the city’s Bridge Street parking lot or you may be lucky enough to snag a free space behind the discovery center. Read more
Comments 1
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Just listed and on the market for sale is 8 Greenleaf Avenue in Portsmouth, New Hampshire. Totally renovated from Basement to attic. Three bedrooms incluidn g first floor master with bath, new kitchen, baths, refinished hardwood, and on and one. Do yourself a favor if you're in the market for a new hom on the New Hampshire Seacoast and take a look at this beauty. \Follow this link to the 3D Virtual Tour,'dollhouse' view, and more. Once you’ve seen this home, you’ll want to move right in.This home is cute as can be from the outside and gorgeous on the inside.Remodeled, glistening, glowing, fresh and ready for new owners! Gleamingwood floors throughout, freshly painted, brand new kitchen with SS appliances,granite counters, and access to the deck for outdoor cooking, etc. Click here for t...
Comments 0
By Sharon Tara, Retired New Hampshire Home Stager
(Sharon Tara Transformations)
A Seacoast Halloween tradition that is not to be missed...Make sure you stop by the Portsmouth Haunted Barn for a frightening Halloween treat! Located at 292 Middle Road, Portsmouth NH Every night in October the residents kindly open their yard and barn to the public as a memorable and enjoyable Halloween gift to the city.It's FREE to enter.Donations appreciated!Don't let the fact that it's free fool you....it's better than many of the events you have to pay to enter.  The theme changes every year and every year more props are added. I've never been disappointed in the eleven years I've visited this great Halloween event.  There are no actors....no spooky, chain-saw carrying monsters.It's simply a walk-thru experience to enjoy at your own pace.   Some of the scenes are pretty graphic an...
Comments 22
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Instant Update 187 Woodbury Avenue in Portsmouth, NH Just Listed For Sale!     If you or anyone you know may be interested in more information, price, photos and more for this home, please share or click below: https://187WoodburyAvenue.TheBestListing.com   When this home is sold, it will affect YOUR home's value!     I would like to invite you to find out the new value of your home using today's technology at a website I created that will provide you with this information at:   https://jimlee.FreeHomeValues.net   I hope you find this helpful and, as always, I appreciate your consideration in referring any friends, family, or colleagues my way. Again, thank you for supporting me and my business endeavors and do not hesitate to let me know if you have any questions about anything relate...
Comments 0
By Jim Lee, REALTOR Emeritus, Buying or Selling? Ann & Jim are the local experts
(RE/MAX Shoreline)
Do you know where home buyers come from? When we list a house for sale we know who the most likely buyer for that house are based on their demographic data and also where they likely live now.The National Association of Realtors publishes annually a “Profile of Buyers and Sellers”. The statistics to compile this report come from annual surveys taken of people who actually participated in a real estate transaction in the preceding year. We buy a copy annually and study it to increase our knowledge and expertise and to better serve our clients. The 2017 edition is 144 pages long and is packed with fascinating charts, statistics, and information about both buyers and sellers.Read the rest of the story here. 
Comments 1