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By Peter Francese
First quarter residential home sales in New Hampshire were 17 percent above 2011 and the highest they have been since 2007. Maybe it was the mild winter, or perhaps it was the rising stock market. Whatever it was, it may predict a very good year and the beginning of the end of this historically long period of flat home sales.
Every year for the past four years, first quarter residential home sales were in the narrow range of 1,675 and 1,900 units, and total sales for those years (2008 through 2011) never exceeded 10,800 units. During that same, four-year period, first quarter home sales averaged about 17 percent of the entire year’s sales.
First quarter home sales this year reached 2,223, the first time since 2007 that the number has exceeded 2,000. If that ends up being 17 percent of 2012 sales, the state would reach 13,076 homes sold in 2012, the most since 2006. If, as in 2007, first quarter sales end up being 20 percent of the year’s sales, we can expect about 11,100 homes sold in 2012, still higher than any year since 2007.
My view is that 2012 residential home sales will match the 12,000 sold back in 2007.
Here’s the sales data for the first quarter and annually since 2006
North Hampton, NH
North Hampton is located in Rockingham County, New Hampshire. The town includes a short stretch of rocky coastline on New Hampshire’s Atlantic Seacoast.
North Hampton’s Little Boar’s Head had become a fashionable summer resort in the 19th century. It is the location of Victorian and Edwardian architecture and boasts beautiful mansions. Fuller Gardens, which is part of the Fuller Estate, is located off the scenic Route 1A in North Hampton.
North Hampton has been home to many notable residents. Henry Dearborn who was a Revolutionary War Officer, Alvan Fuller, a former Massachusetts governor and, Ogden Nash, a humorous poet. The town is home to Centennial Hall, which was built to mark the centennial of the Declaration of Independence. North Hampton also holds an annual celebration in June, Old Home Day, which features free summer concerts.
According to the 2000 U.S. Census Bureau, North Hampton’s population at the time was 4,259 people. This included 1,671 households and 1,234 families. The average family size was 2.96 and the average household size was 2.55. North Hampton is comprised of 13.9 square miles of land and .5 square miles of water.
North Hampton Real Estate and Homes: In 2000, there were 1,782 homes in North Hampton and an average of 128 homes (houses / condos) per square mile. By 2007, it was estimated that real estate in North Hampton was comprised of a total of 1,930 homes. This included 1,483 single family houses and 146 multi-unit homes.
Please contact Better Homes and Gardens Real Estate The Masiello Group for homes for sale in North Hampton, New Hampshire, homes for sale in Rockingham County, New Hampshire, and for all your real estate needs.