Market Watch: 2015 Year in Review

Page 1

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


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