Oceanfront Real Estate Market Report for August of 2013

This report will give you an idea of how the oceanfront properties have been selling for the past 6 months. Sold sales data will go back to March of 2013. Actives are what is currently on the market along the coast.

Active Oceanfront Homes for Sale

There are currently 37 Active properties on the market in the following towns based on the MLS statistics with waterfront was selected as a category.

Towns Along the Coast

Hampton, Greenland, Newcastle, North Hampton, Portsmouth, Rye and Seabrook.

Average Asking Price for an Oceanfront Home

The average asking price for these single family homes is $1,746,343 and the median price is $1,350.000.00. The median price per square foot is $505.00. The average days on the market is 143 days.

Pending Home Sales

There currently is one pending sale and it was listed at $1,650.000.00 and it was on the market for 49 days. There are 6 active contingent homes that average $1,103,983.00 and they have been on the market on average 140 days. The median price on these is $875,000.00.

Sold Oceanfront Homes

There were 11 oceanfront homes sold in the last 6 months with an average selling price of $1,167,773 and a median price of $1.050,000. They averaged 103 days on the market and were selling for $375.00 per square foot. A far cry from the $505.00 per median square foot we are seeing for sale right now. Sellers will need to be a little ore realistic if they want to sell still in this market.

If you are looking for an oceanfront home see the listing below.