NH Real Estate Continues to Bounce Back

Real estate speculators around the Granite State hoped that the 2015 real estate market would continue to grow this year and according to prices – and recent press reports – the expectation appears to have come true.

According to the New Hampshire Business Review, from January to November, single-family home sales, prices, and actual volume, are all up compared to 2014. Supply is down and inventory is hard to find, according to realtors, but they are warning not to expect prices to rise too much.

But while the numbers are good – and getting better – they still aren’t where they used to be, according to Zillow.com.

Housing prices in New Hampshire peaked in April 2006, at an average price of $255,000 and bottomed out in May 2012, at $193,000. The average home price for November was $234,000, according to NHBR.com.

Here is a list of the hot home sold in 2015 (compiled on Dec. 21).

Top 2015 properties sold

325 Little Harbor Road in Portsmouth, a 5-plus acre island, sold for $6.25 million in September.

171 Kingswood Road in Wolfeboro, a five-bedroom home on nearly two acres of land on Lake Winnipesaukee, sold for a little more than $4 million in late July.

18 Becker Lane, a New Castle home along the Piscataqua River, also sold for $4 million this year.

364 Edgewater Drive in Gilford, a six-bedroom home, also on Winnipesaukee, fetched $3.8 million in May.

128 Veasey Shore Road in Meredith, another home on the lake, sold for $3.15 million in August.

Other homes sold in 2015

Amherst: 5 Black Birch Drive, a single-family home on nearly six acres of land, sold for $1.37 million in March.

Bedford: 141 Brick Mill Road, a Legacy home, sold for nearly $1.5 million in August.

Concord: 117 School St., a six-bathroom, six bedroom home, sold in August for $600,000.

Exeter: 8 Dolloff Farm Drive sold in October for $870,000.

Hampton: Built 1918, 5 Dumas Avenue in Hampton sold in April for $1.15 million.

North Hampton: Just steps from the ocean, 5 Atlantic Avenue sold earlier this month for $1.5 million.

Londonderry: 18 Welch Road in Londonderry sold for $618,000 in July.

Merrimack: 18 Brieann Drive in Merrimack, a four-bedroom home constructed in 2005, sold on Aug. 25, for $749,000.

Milford: 253 Federal Hill Road, a home built in the late 1700s, sold for $730,000 in June.

Nashua: 93 Concord Street, a home built in the mid-1800s, sold for $760,00 in early November.

Salem: 3 Surrey Lane in Salem, a four-bedroom home, sold in June for $665,000.

Windham: 48 Searles Road in Windham, a 5,715 square foot home, sold on June 25, for $1.24 million.