Hampton Beach Casino & Market Dynamics: An Insightful Discussion

John Rice hosts Seacoast Real Talk from Tate & Foss Sotheby’s International Realty with guest Sean Fellows, delivering a Seacoast (Southern Maine/New Hampshire) market report for the first four months of 2026: single-family sales are down 2% while condo sales are up 23.8%. January set records with Seacoast median prices exceeding $1M and strong sales, followed by a very slow February with lower median pricing, rising inventory, and mortgage rates dipping below 6% for the first time in three years; Newcastle leads local medians at $2.25M. March saw sales declines amid rising global uncertainty, yet notable luxury sales continued, including record condo sales at Wentworth Marina. They describe two markets: $2.5M+ behaving independently, and the rest flatter but generally appreciating. Fellows updates on his deals and outlines the Hampton Beach Casino project: demolition delayed to after the 2027 summer season, with plans for a 208-room hotel, 99 luxury condos, and a larger gaming space, projecting significant disruption but future tax and rental impacts. Rice also recounts severe ice-dam damage and insurance frustrations, mentions possible future homeowner tips, and notes upcoming travel to Finland. Contact John Rice HEREContact Sean Fellows HEREContact Michelle O'Dell HERE