RYE — The $3.69 million sale of a Rye home, complete with an in-ground heated pool and an multi-sport court, topped the list of Seacoast single-family home sales in July.
The four-bedroom, four-bathroom home at 229 Wallis Road was the highest-priced of 80 single-family home sales, according to the Seacoast Board of Realtors .
Within walking distance of Pirates Cove Beach, the home was built in 1998. There's an outdoor pool comes with a pool house and a detached three-car carriage house. The home features a breakfast bar, office, workout spaces and a media room.
The town’s last assessment of the property came was $2,236,500, according to Rye records.
“Enter into your own world of tranquility and seclusion while only 3/4 of a mile to the Atlantic Ocean,” the listing for the now-sold property stated.
The single-family estate was sold by Susan Haberstroh, a realtor with Berkshire Hathaway HomeServices Verani Realty in Portsmouth.
"I would describe it as the one you drive by and think, 'What a magnificent piece of property, I wish I could go down the winding driveaway and see inside,'" she said of the home. "I think that is why it appealed to so many buyers, it was just that breathtaking. For me, to be chosen to represent and market it was quite an honor. We did well, with multiple offers in the first week."
Million-dollar sales record in Seacoast in July
Seacoast Board of Realtors statistician John Rice noted 31 Seacoast homes sold for at least $1 million last month, a new July record in the Seacoast.
Rice, an associate broker for Tate & Foss Sotheby’s International Realty, tracks real estate transaction data for the board from 13 area municipalities: Exeter, Greenland, Hampton, Hampton Falls, New Castle, Newfields, Newington, North Hampton, Newmarket, Portsmouth, Rye, Seabrook and Stratham.
Seacoast monthly median home price drops (somewhat)
The monthly median cost of a Seacoast home saw a 12.7% year-over-year decrease to $795,000 last month, per Rice. The 80 single-family home sales in the region represented a 10% drop from June, though sales increased by 56.8% compared to one year ago, when just 51 houses sold, Rice reported.
Only two Seacoast single-family residences sold for less than $400,000 in July. An additional 27 sold within the $400,000 to $700,000 range, while 20 sold for between $700,000 and $1 million.
Seven months into the year, a total of 373 single-family home sales have sold in the Seacoast area, a 2.1% jump from this point in 2023. The median price of all Seacoast homes sold in 2024 through July stands at $829,000, a 15.1% increase from January through July of last year.
“Our real estate market continues to do very well,” said Seacoast Board of Realtors president Lynn Lagasse in a prepared statement. “While median prices cooled somewhat, volume numbers were very strong across the various price categories.”
$3.8 million Seacoast condominium sale drives a July record, too
The condominium market had a banner month, as 10 units sold for a minimum of $1 million, a new July record. All of the condominiums were sold in Portsmouth, Rice said.
The highest-selling Seacoast condominium in July was a $3.8 million, three-bedroom, four-bathroom unit at Harbour Place directly above the Piscataqua River. The unit spent 71 days on the market and is located in a complex with a rooftop terrace, elevator access and proximity to downtown Portsmouth.
Sixty-four condominiums sold in July for a median total $596,950, a 29.7% year-over-year increase.
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Six Seacoast condominiums were sold last month for south of $300,000, while 27 sold for between $300,000 and $600,000 and 21 sold within the $600,000 to $1 million bracket.
The report from Rice states 338 condominiums have sold in the Seacoast this year as of the end of July, an 11.9% bump from the first seven months of last year. The yearly median price of all condominiums sold in the Seacoast in 2024 is $600,000, a 12.2% increase from all units sold last year through July 2023.
This article originally appeared on Portsmouth Herald: $3.7million Rye home sale drives Seacoast million-dollar sales record: Check it out
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