Million-dollar price tags aren’t deterring Seacoast home buyers.
Real estate agents in April closed on 10 Seacoast homes selling for at least a million dollars — including six exceeding $1.5 million.
“It definitely shows real strong confidence in our market that people are willing to spend buckets of cash on property like that,” said John Rice, chief statistician for the Seacoast Board of Realtors.
“A lot of us in the business were kind of surprised of the strength” of so many closed sales exceeding $1.5 million, he said.
April’s 10 home sales of at least a million dollars marked the most since August, according to Rice’s 13 sample Seacoast communities. There were only five million-dollar sales in April 2018.
Statewide, 24 homes sold for at least a million dollars in April, three more than in April 2018, according to data provided by the New Hampshire Association of Realtors.
Around the state, 13 homes sold for more than $1.5 million in April compared to nine the previous year. Topping the list was 78 Spruce Road in Wolfeboro for $3.14 million.
“This impressive lakefront setting is complete with stunning architecture and interior design as well as gorgeous views of surrounding mountains and nearby Parker Island,” wrote Zillow.com, a real estate website.
Sitting on 4.5 acres, the Spruce Road property offers six bedrooms, seven bathrooms and 6,336 square feet of living space along Lake Winnipesaukee, Zillow said.
The most expensive properties on the Seacoast fell in Rye (three), Portsmouth (two) and Seabrook.
The largest deal, for $2.675 million, was for a single-family home on the beach in Seabrook at 126 Ocean Blvd.
According to the listing on Zillow, the home features four bedrooms, 4.5 baths and 4,224 square feet.
“Amazing luxury home on the best part of Seabrook Beach!” gushed Zillow.
Close behind was a five-bedroom, waterfront home in Portsmouth that sold for $2.5 million. The giant 7,102 square-foot home at 193 Gosport Road sits on 2.16 acres with a dock on Sagamore Creek.
Rice’s figures for 13 sample Seacoast towns showed the total number of single-family homes that closed in April was 12.6 percent higher than April 2018.
The median sale price of $464,500 last month was 4.4 percent higher than a year earlier, according to Rice, an associate broker at Tate & Foss Sotheby’s International Realty in Rye.
For the first four months of this year, residential sales were up 13.6 percent compared to the January-April period last year. This year’s median price of $462,000 represented a 3.8 percent increase from the prior year.
The median sales price for condos in April was $339,900, the highest since October and 2.5 percent more than in April 2018. Sales volume was off 7.8 percent from a year ago.
For the year through April, condo sales are off 18.1 percent with the median sale price of $305,000, down 2.1 percent from 2018.
In another measure of housing, Concierge Auctions found the top 10 luxury homes in New Hampshire last year didn’t sell quickly — try an average of 877.8 days.
The average sales price was $3,942,873, with 17 total price reductions.
Meanwhile, the monthly sales results from the New Hampshire Realtors showed 5.4 percent fewer single-family homes sold in April statewide compared to a year earlier. The median price, however, rose 2.1 percent year-over year to $290,000.
Sullivan County saw its April median price surge 32.4 percent ahead of a year earlier, to $210,500.
Hillsborough County, which includes Manchester and Nashua, settled in at $306,000, 3.7 percent better than April 2018. And Rockingham County, including the Seacoast, grew by 4.1 percent to $382,500.