Market Watch 2015 YEAR IN REVIEW
Berry’s Brook, Rye NH Any way you look at 2015, the greater Seacoast area economy was strong and the real estate market was exceptional. Our market saw huge advances with record selling prices. Tate & Foss Sotheby’s International Realty, in particular, experienced dynamic growth. In fact, our company’s overall sales increased by 34% in key market areas. Our average sale price was above $700,000 and we had 11 sales exceeding $1M. Our most notable transaction of the year, commenced in-house by two of our sales associates, involved the sale of a $4M waterfront home in New Castle. Very impressive. Our market continues to transform as the Seacoast area is recognized nationally for its exceptional quality of life, attracting empty nesters, families and professionals. Empty nesters are the number one demographic that has flocked to the area. This generation wants to live in neighborhoods that are walkable to beaches, parks, restaurants, shopping, theater, cultural amenities and public transportation. The increase in brand new developments such as Rye’s Sea Glass Lane and luxury buildings throughout downtown Portsmouth have drawn this demographic in as they downsize. For 2016, all key indicators in the Seacoast area suggest a very robust market. Even with a recent modest increase in interest rates, they’re still at a historically low level, and it now appears rates will remain steady through 2016. In all price ranges, we do see a bit of a volume crunch. Volume numbers at the end of 2015 were down in a statistically significant way, 16% or so. In order for us to have volume, we need to have inventory to sell. If inventory levels decrease, that’s only going to raise prices on the existing inventory. Another point: stock market volatility. The real estate market has not always historically followed suit. There are some pretty serious things going on in the global market today. We believe that investors looking for some stability, a proven track record, and a little relief from the wild ride can look at the Seacoast market very confidently. Two things were missing in our market during the recession of 2007 through 2010: consumer confidence and investor presence. Today, we’re seeing tremendous involvement by investors. Consumer confidence and demand are demonstrated through multiple offers on many listings—properties that are priced spot on—where we are seeing three or more offers. All the indices are in place and the numbers are telling the story for themselves. You have consumer confidence, low interest rates, and, we may have less inventory, but we have wonderful inventory in a part of the country that offers exceptional quality of life. The contrast between the steady Seacoast real estate market and the volatile stock market only helps our market as a great, safe place to invest with confidence. We’re bullish about this year. Our team is uniquely qualified to assist you in purchasing or selling your most valuable possession—your home. Allow us to be a resource and share our extensive knowledge and tremendous experience with you, Anthony Jalbert Principal Broker 1 • MARKET WATCH
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Offered For Sale
Sections 3 5 7 9 11 13 15 17 19 21 23
Green Gables, Rye Beach NH
Key Observations
SEACOAST OVERVIEW PORTSMOUTH AREA THE HAMPTONS EXETER AREA DOVER AREA DURHAM AREA SOUTHERN YORK COUNTY WATERFRONT HISTORIC & ANTIQUE FARM & EQUESTRIAN
Number of Sales
Days on Market
Average Price
Median Price
Highest Price
With bidding wars, price appreciation, increasing sales volume and decreasing days on market, the Seacoast area is without a doubt robust. When a short supply of homes collides with high-income homebuyers, you get this type of hyper-competitive climate.
OUR TEAM Pictured on Cover: 22 Foss Farm Road, Durham NH [Offered For Sale] Photography pictured within this report courtesy of Mike Barron Photography and Clear Eye Photo
Special thanks to Chief Statistician/Sales Associate John Rice for his significant contribution. Data sourced from New England Real Estate Network (NEREN), analyzed by Tate & Foss Sotheby’s International Realty. NEREN does not guarantee nor is in any way responsible for its accuracy and the data maintained may not reflect all real estate activity in the market. All reproduction of data requires TFSIR’s written consent. BROWSE ALL MLS LISTINGS AND LEARN MORE ABOUT THE MARKET AT TATEANDFOSS.COM
MARKET WATCH • 2
Seacoast Overview
Little Harbor, New Castle, NH
2015 At a Glance
Number of Sales
Days on Market
Average Price
Median Price
Highest Price
Average Sales Price
$474,250* Number of Homes Sold
1163* Days on Market
69* 3 • MARKET WATCH
*Data: 13 Sample Seacoast Towns
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Our team tracks 13 sample Seacoast towns* for residential sales and found that new monthly and annual volume records were set in 2015. Volume was way up, and the record goes back at least six or seven years. Going along with that, we saw appreciation of 7.5% over 2014. The new median sale price record for the 13 sample towns was $398,000. We haven’t had a median sale price approaching $400,000 within the past five years. It’s been significantly lower than that, so for us to be up there makes our market very appreciated across the country. If you compare us to Kansas, Texas, Florida and you look up to the northeast, particularly in our Seacoast market, we’re a very valuable place to be investing. We break down the 13 sample towns into four price points: the ‘popular price range’ under $400,000; $400,000 to $700,000; $700,000 to $1M; and $1M+. The signature of the 2015 market: not only were the numbers strong in the popular price range but also in the $400,000 to $700,000 range. What we’re seeing is a surge in volume in that lower, higher-priced market segment. We predict that this year may be the first time since we’ve been tracking numbers that the $400,000 to $700,000 segment will equal or even exceed the popular price range. So, prices were up, volume was up. All in all, very impressive. *Exeter, Greenland, New Castle, Hampton, Hampton Falls, Newington, Newfields, Newmarket, North Hampton, Portsmouth, Rye, Seabrook, Stratham BROWSE ALL MLS LISTINGS AND LEARN MORE ABOUT THE MARKET AT TATEANDFOSS.COM
MARKET WATCH • 4
Greater Portsmouth Area
Greenland • New Castle • Newington • Portsmouth • Rye • Rye Beach
2015 At a Glance
Number of Sales
Days on Market
Average Price
Median Price
Highest Price
Average Sales Price
$518,707 Number of Homes Sold
578 Days on Market
57 5 • MARKET WATCH
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Greenland
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
70 71 $419,121 $388,950 $856,000
79 84 $433,133 $405,000 $915,000
Change 13% 18% 3% 4% 7%
New Castle
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
12 148 $956,042 $768,500 $1,750,000
22 70 $1,231,955 $1,032,250 $4,000,000
Tax Rate: $16.91 Newington
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
8 90 $741,250 $652,500 $1,500,000
6 34 $780,500 $750,000 $949,000
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
93 96 $753,494 $595,000 $3,229,000
109 82 $705,148 $605,900 $2,375,000
Tax Rate: $11.48
83% -53% 29% 34% 129%
Tax Rate: $6.40 Change -25% -62% 5% 15% -37%
Portsmouth
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
342 57 $379,440 $340,000 $1,600,000
362 43 $433,558 $361,500 $6,250,000
Tax Rate: $9.50 Rye
Change
Change 6% -25% 14% 6% 291%
Tax Rate: $16.79 Change 17% -15% -6% 2% -26%
Rye Beach
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
4 154 $1,262,500 $1,210,000 $1,900,000
3 42 $1,231,667 $835,000 $2,350,000
Change -25% -73% -2% -31% 24%
Tax Rate: $11.15
Portsmouth is the nucleus of the Seacoast. When we’re selling a house anywhere in this area, everyone wants to know ‘how close is it to Portsmouth?’ Portsmouth really does have it all—from theater to restaurants—it has a sense of place. You walk down the street and feel really good about being there. Even new developments like Port Walk have their sense of place—a vital, upbeat site that fits hand in glove with the historic part of town. It’s no wonder that the Portsmouth market did very well last year in terms of volume and median sale price—both kept pace; in fact, people were reporting appreciation in the downtown neighborhoods that was off the charts. For example, a New Englander in a location like Miller Ave or Union Street in need of renovation was selling for around $550,000. That’s pretty solid. Rye reflected where our 13 sample Seacoast towns were. We had a volume increase of 17% and the median sale price was up over $600,000—a 2% increase. There is strong demand for both Rye and New Castle. Last year was an incredible success story in New Castle, not only from a statistical standpoint but also for us here at Tate & Foss Sotheby’s International Realty—to have 37% of total sales volume! There were 22 sales, and an impressive median sale price just under $1,050,000. Once again, that shows consumer confidence, investing that kind of money in a single family home in a particular town.
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MARKET WATCH • 6
The Hamptons
Hampton • Hampton Falls • North Hampton • Seabrook • South Hampton
2015 At a Glance
Number of Sales
Days on Market
Average Price
Median Price
Highest Price
Average Sales Price
$388,069 Number of Homes Sold
604 Days on Market
94 7 • MARKET WATCH
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Hampton
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
334 96 $329,589 $289,950 $2,300,000
408 93 $332,579 $296,500 $1,150,000
Change
Hampton Falls
2014
2015
22% -3% 1% 2% -50%
Number of Sales Days on Market Average Price Median Price Highest Price
39 96 $452,524 $407,000 $910,000
27 103 $481,889 $439,000 $848,000
Tax Rate: $19.16 North Hampton 2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
67 94 $562,325 $469,900 $1,700,000
64 128 $579,510 $452,500 $2,717,500
2015
Number of Sales Days on Market Average Price Median Price Highest Price
12 97 $376,901 $357,450 $790,000
11 72 $447,264 $477,000 $595,000
-31% 7% 6% 8% -7%
Tax Rate: $22.22 Change 5% -27% -3% 4% -37%
Seabrook
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
78 104 $416,498 $302,500 $2,175,000
90 93 $483,245 $352,750 $3,500,000
Tax Rate: $17.48 South Hampton 2014
Change
Change 15% -11% 16% 17% 61%
Tax Rate: $14.79 Change 9% 35% -16% -25% 33%
Average Days on Market in North Hampton Down by
Tax Rate: $19.93
27%
Significant Sale: North Hampton $745,000 | December 2015 Listed by Tate & Foss Sotheby’s International Realty
The Hampton area is a great place to live—with solid infrastructure, easy access to Boston and the Seacoast’s most stunning sandy beaches. And the revitalization of ‘downtown’ Hampton Beach has been a tremendous boon to the community. What this area has always offered is affordability—the town of Hampton is truly the best value of all Hampton area towns. For 2015, the overall numbers were solid all the way through, with volume and median sale price increases. The town of Hampton registered a median sale price just below $300,000—an affordable alternative to other Seacoast towns where the median sale price is at least $100,000 higher.
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MARKET WATCH • 8
Greater Exeter Area
Brentwood • East Kingston • Exeter • Kensington • Newfields • Stratham
2015 At a Glance
Number of Sales
Days on Market
Average Price
Median Price
Highest Price
Average Sales Price
$344,103 Number of Homes Sold
582 Days on Market
69 9 • MARKET WATCH
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Brentwood
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
62 101 $335,849 $347,950 $630,000
58 72 $352,853 $369,000 $558,500
Change -6% -29% 5% 6% -11%
East Kingston
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
30 95 $315,052 $330,000 $479,500
46 55 $298,650 $267,500 $535,000
Tax Rate: $23.20 Exeter
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
259 70 $281,515 $265,000 $750,000
270 65 $307,566 $299,646 $870,000
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
21 140 $348,236 $335,000 $850,000
23 61 $390,953 $394,000 $859,000
Tax Rate: $23.03
53% -42% -5% -19% 12%
Tax Rate: $24.77 Change 4% -7% 9% 13% 16%
Kensington
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
18 71 $326,014 $310,000 $605,000
22 89 $417,906 $358,450 $1,000,000
Tax Rate: $25.54 Newfields
Change
Change 22% 25% 28% 16% 65%
Tax Rate: $23.11 Change 10% -56% 12% 18% 1%
Stratham
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
174 77 $372,399 $345,000 $1,100,000
163 77 $397,768 $397,500 $1,700,000
Change -6% 0% 7% 15% 55%
Tax Rate: $19.90
Significant Sale: Kensington $1,000,000 | March 2015 Listed by Tate & Foss Sotheby’s International Realty In the greater Exeter area, you get a lot of square footage for the money. There’s a lot of value out there. That’s underpinned by a well-regarded public school system, access to downtown Exeter with its wonderful shops and restaurants, excellent infrastructure, a train station with Amtrak service and one of the Seacoast’s premier ice skating rinks. It is also home to the prestigious Phillips Exeter Academy, which adds all kinds of good things to quality of life in the community. Exeter, Kensington, Newfields and Stratham all experienced strong appreciation and kept pace with the 13 sample Seacoast towns in terms of days on market. Stratham was spot on in terms of median sale price—$397,500, which represented a 15% increase over 2014. BROWSE ALL MLS LISTINGS AND LEARN MORE ABOUT THE MARKET AT TATEANDFOSS.COM
MARKET WATCH • 10
Greater Dover Area
Dover • Rochester • Rollinsford • Somersworth
2015 At a Glance
Number of Sales
Days on Market
Average Price
Median Price
Highest Price
Average Sales Price
$217,903 Number of Homes Sold
993 Days on Market
72 11 • MARKET WATCH
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Dover
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
404 71 $275,563 $239,500 $1,325,000
446 70 $276,407 $248,900 $1,611,975
Change 10% -1% 0% 4% 22%
Rochester
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
331 75 $150,752 $144,000 $860,000
376 71 $162,223 $156,770 $385,000
Tax Rate: $26.61 Rollinsford
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
17 111 $192,018 $180,000 $334,000
30 80 $244,178 $198,500 $578,350
Tax Rate: $27.43
Change 14% -5% 8% 9% -55%
Tax Rate: $28.15 Change
Somersworth
2014
2015
76% -28% 27% 10% 73%
Number of Sales Days on Market Average Price Median Price Highest Price
114 100 $173,912 $164,500 $450,000
141 81 $175,739 $169,900 $374,900
Change 24% -19% 1% 3% -17%
Tax Rate: $32.25
Significant Sale: Rollinsford $578,350 | August 2015 Listed by Tate & Foss Sotheby’s International Realty
It should come as no surprise that because of escalating prices in the 13 sample Seacoast towns (of which Dover is not a part), there have been increases in volume and median sale price on the other side of the Bay. We’ve seen a clear migration to the greater Dover area for affordability and it has been enhanced by infrastructure improvements such as the Little Bay Bridge (a bottleneck for many years, construction underway) and Dover High School (slated to be rebuilt). A well-regarded St Thomas Aquinas High School is conveniently located in the city and the prestigious Berwick Academy is just a short drive away. The educational and cultural benefits of the nearby University of New Hampshire is also a plus, not to mention access to public transportation such as C&J Bus Lines and the Amtrak train. The real estate market in Dover includes a lot of new construction. It has so much to offer, we’re not surprised that it has the higher median sale price of this broader community, which includes Rollinsford, Somersworth and Rochester. At $248,900, Dover is the only one that has a median sale price over $200,000. Compare the median sale price in Dover to that of the 13 sample towns ($398,000)—you’re getting almost double the value.
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MARKET WATCH • 12
Greater Durham Area
Barrington • Durham • Lee • Madbury
2015 At a Glance
Number of Sales
Days on Market
Average Price
Median Price
Highest Price
Average Sales Price
$296,401 Number of Homes Sold
343 Days on Market
74 13 • MARKET WATCH
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Barrington
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
133 72 $254,156 $253,000 $599,000
153 83 $257,701 $253,500 $447,500
Change 15% 15% 1% 0% -25%
Durham
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
96 106 $372,141 $308,750 $1,200,000
110 68 $351,391 $315,000 $1,200,000
Tax Rate: $25.22 Lee
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
49 100 $279,827 $242,000 $1,030,000
59 68 $269,323 $267,900 $591,000
Tax Rate: $29.25
Change 15% -36% -6% 2% 0%
Tax Rate: $29.85 Change 20% -32% -4% 11% -43%
Madbury
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
18 77 $379,828 $317,000 $740,000
21 66 $366,398 $299,900 $945,000
Change 17% -14% -4% -5% 28%
Tax Rate: $27.60
Significant Sale: Lee $322,000 | August 2015 Listed by Tate & Foss Sotheby’s International Realty
The Durham area has always had two good things going for it. One is the Oyster River school system, which has been time and again recognized as one of the best in the state, if not one of the finest in the country. A recent article placed Oyster River High School in the top 1% in the country. And, of course there’s the University of New Hampshire, the Amtrack train, and so on. The downside has been rather steep property taxes. Regardless, the infrastructure benefits have won out, and both volume and median sale price were up in Durham—over $300,000. People are finding it an attractive place to live. Demographically, as Baby Boomers look for places to retire, it’s been talked about around the country that Boomers find college towns compelling communities for retirement. We think that’s a big draw for Durham. In general, away from coast, we’re seeing vast improvements in infrastructure, which will help support growth in the real estate market of the future. Barrington and Epping, for example, have developed into bustling little towns. The changes are amazing. If you lived there 20 years ago, moved away and came back, today you’d have a hard time recognizing that it’s the same area.
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MARKET WATCH • 14
Southern York County
Eliot • Kennebunk • Kennebunkport • Kittery • Ogunquit • South Berwick • Wells • York
2015 At a Glance
Number of Sales
Days on Market
Average Price
Median Price
Highest Price
Average Sales Price
$360,154 Number of Homes Sold
575 Days on Market
99 15 • MARKET WATCH
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Eliot
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
81 102 $312,143 $279,900 $750,000
97 99 $311,205 $284,900 $615,000
Change 20% -3% 0% 2% -18%
Kennebunk
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
249 112 $339,132 $269,900 $1,775,000
244 106 $366,175 $290,000 $4,425,000
Tax Rate: $14.00 Kennebunkport 2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
110 142 $709,159 $515,750 $3,995,000
95 149 $601,901 $500,000 $2,800,000
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
94 99 $225,086 $216,950 $562,000
104 69 $257,674 $236,000 $799,000
Tax Rate: $17.80
-2% -5% 8% 7% 149%
Tax Rate: $15.30 Change 16% -5% 18% 3% 43%
Kittery
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
122 98 $370,087 $316,500 $2,097,500
144 79 $354,501 $311,000 $1,350,000
Tax Rate: $7.70 South Berwick
Change
Change 18% -19% -4% -2% -36%
Tax Rate: $15.67 Change 11% -30% 14% 9% 42%
York
2014
2015
Number of Sales Days on Market Average Price Median Price Highest Price
257 130 $421,799 $332,000 $1,900,000
278 130 $484,034 $370,000 $3,597,500
Change 8% 0% 15% 11% 89%
Tax Rate: $11.00
The Southern Maine market was quite good in 2015, following suit with the 13 sample Seacoast towns. We saw appreciation there, although slightly less than in New Hampshire, and an overall volume increase over 2014. Maine offers a different package than New Hampshire and is very attractive to buyers. It’s a market where you may have higher taxes, traditionally, but at the same time you can buy a very high quality property with more land. It used to be less expensive than in New Hampshire but the market has changed. Kittery is exploding in terms of development in the Foreside area—a great destination for dinner—and schools have been upgraded. The volume numbers in Kittery were actually up, but the median sale price was down. And that was still over $300,000—a pretty healthy median sale price for Kittery. If one is going to Maine and looking at towns like Eliot and South Berwick, both of which have wonderful school systems, and easy access to Berwick Academy, you’re still seeing median sale prices well below $300,000; and higher-end prices having a hard time getting above the $700,000 range. It’s possible for someone looking for a higher quality home with some land in New Hampshire to go across the river and buy something in Eliot or South Berwick with a great school system, privacy, high quality and come in under $700,000. In the Southern Maine luxury market, we’ve seen some substantial, high prices. It had been quite some time in York since we had seen a sale price exceed $3M. There was a sale in York last year for $3.5M. That’s a significant sale anywhere but particularly so in York. Kittery also struggled to turn in record sale prices, but indeed there was a sale last year in Kittery for $1.3M. So people see the value, there’s just a lot more that goes into the equation of buying a higher-end home in those areas vs. New Hampshire.
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MARKET WATCH • 16
Waterfront
Sold
4 & 6 Campbell’s Lane, New Castle NH
2015 At a Glance
Number of Sales
Days on Market
Average Price
Median Price
Highest Price
Average Sales Price
$666,541 Number of Homes Sold
207 Days on Market
109 17 • MARKET WATCH
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NUMBER OF SALES DAYS ON MARKET AVERAGE PRICE MEDIAN PRICE HIGHEST PRICE
2014
2015
Change
216 126 $593,079 $411,500 $3,229,000
207 109 $666,541 $399,000 $6,250,000
-4% -13% 11% -4% 94%
Significant Sale: Portsmouth $975,000 | March 2015 Listed by Tate & Foss Sotheby’s International Realty
Significant Sale: New Castle $4,000,000 | May 2015 Listed & Sold by Tate & Foss Sotheby’s International Realty
Significant Sale: Dover $700,000 | April 2015 Listed by Tate & Foss Sotheby’s International Realty
10
Number of Waterfront properties sold by TFSIR in 2015 Average sales price
$1,369,650
30% of all Waterfront sales were above $700,000
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MARKET WATCH • 18
Historic & Antique
33 Walbach Street, New Castle NH
Sold
2015 At a Glance
Number of Sales
Days on Market
Average Price
Median Price
Highest Price
Average Sales Price
$367,625 Number of Homes Sold
288 Days on Market
75 19 • MARKET WATCH
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NUMBER OF SALES DAYS ON MARKET AVERAGE PRICE MEDIAN PRICE HIGHEST PRICE
2014
2015
Change
277 84 $339,455 $280,000 $2,717,500
288 75 $367,625 $295,000 $1,700,000
4% -11% 8% 5% -37%
Significant Sale: New Castle $1,700,000 | July 2015 Listed by Tate & Foss Sotheby’s International Realty
Significant Sale: Exeter $649,000 | July 2015 Listed & Sold by Tate & Foss Sotheby’s International Realty
Significant Sale: Rye $900,000 | September 2015 Listed by Tate & Foss Sotheby’s International Realty
12
Number of Historic & Antique properties sold by TFSIR in 2015 Average sales price
$634,575
33%
of all Historic & Antique sales above $700,000 were in Portsmouth
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MARKET WATCH • 20
Farm & Equestrian
31 Saddle Trail Drive, Dover NH
Offered For Sale
2015 At a Glance
Number of Sales
Days on Market
Average Price
Median Price
Highest Price
Average Sales Price
$373,623 Number of Homes Sold
77 Days on Market
128 21 • MARKET WATCH
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NUMBER OF SALES DAYS ON MARKET AVERAGE PRICE MEDIAN PRICE HIGHEST PRICE
2014
2015
Change
82 106 $472,104 $359,425 $2,500,000
77 128 $373,623 $340,000 $1,000,000
-4% 22% -21% -5% -60%
Significant Sale: Newfields $859,000 | July 2015 Listed & Sold by Tate & Foss Sotheby’s International Realty
Significant Sale: Epping $480,000 | May 2015 Listed by Tate & Foss Sotheby’s International Realty
Significant Sale: Raymond $460,000 | January 2015 Listed & Sold by Tate & Foss Sotheby’s International Realty
6
Number of Farm & Equestrian properties sold by TFSIR in 2015 Average sales price
$567,817
35%
of all Farm & Equestrian sales above $400,000 were in the Greater Exeter Area
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MARKET WATCH • 22
Our Team
Tony Jalbert Principal Broker c 603.498.6241
Marion Barron Associate Broker c 603.502.8245
Rachael Brown Sales Associate c 603.498.4227
Mimi Calhoun Associate Broker c 603.918.9830
Michelle Canty Sales Associate c 603.682.6074
Bryan Goodwin Sales Associate c 603.231.2658
Dick Hermsdorf Associate Broker c 603.828.1745
Mary Beth Hixon Sales Associate c 603.548.5380
Lynne Joyce Associate Broker c 603.591.8489
Jenifer Parker Sales Associate c 603.498.0555
John Rice Associate Broker c 603.498.4034
Barb Shea Sales Associate c 603.498.2115
Andrea Swanson Sales Associate c 603.498.8978
Ned Tate Associate Broker c 603.531.1040
Jaynee Whitney Sales Associate c 603.380.5140
23 • MARKET WATCH
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566 Washington Road • Rye, NH 03870 6 0 3 . 9 6 4 . 8 0 2 8 | Tatea n d Fo ss.co m
At Tate & Foss Sotheby’s International Realty, we are committed to staying current on today’s market. We are experts on both local and global trends, always staying in tune with the latest technology, and ensuring that our sales associates are best equipped to deliver a successful real estate experience for all of our clients. We embrace innovation. Doing things ahead of the curve excites us and separates us from the competition. For Buyers, we listen to you and really try to understand the life you want to live as much as the home you want to buy. We understand that finding the perfect lifestyle is as important as finding the perfect property. Knowing the neighborhoods within the communities, the award-winning schools, recreational resources and growth projections of a market area are critical to the purchase of your new home. For Sellers, we showcase your property locally, nationally and worldwide in the finest ways possible. Staging for success, excellent photography, unique storytelling, integrated social media, email and internet exposure, and of course, exemplary representation are the cornerstones of our marketing strategy. Our relationship with Sotheby’s International Realty allows us to market your home in more places than any other real estate firm in the world. There are extraordinary properties in our Seacoast neighborhoods that deserve special attention and particular discretion. Our firm rises to these occasions, embracing the challenges to deliver beyond extraordinary results. With 40 years in the industry, we have had the opportunity to represent some of the most amazing, highprofile properties and clients in the greater Seacoast area. When the time comes that you need experience and quality you can count on, we hope that you will allow our team to show you the Tate & Foss Sotheby’s International Realty difference.
BROWSE ALL MLS LISTINGS AND LEARN MORE ABOUT THE MARKET AT TATEANDFOSS.COM
MARKET WATCH • 24
566 Washington Road • Rye, NH 03870 6 0 3 . 9 6 4 . 8 0 2 8 | Tatea n d Fo ss.co m