Vol.42, No.22
www.thewarrengroup.com
W E E K O F M O N D A Y, J U N E 1 , 2 0 2 0
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
SPRING AWAKENING
Signs Show Housing Market Returning to Life
Conway 1500-A WHITE MOUNTAIN HWY. . . . . . . . . . . . . . . . . $5,331,000 B: North Conway IO LLC S: PLR Real Estate Dev LLC Mtg: TD Bank NA $3,381,000 Use: Gas/service Station, Lot: 81457sf
Littleton
Buyers and Sellers Start to Come Off Sidelines
551 MEADOW ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,148,000 B: Ornstein Skyline Props S: Littleton Retail Mgmt LLC Mtg: Camden National Bank $603,600 Use: Retail-department Store, Lot: 124146sf
BY JAMES SANNA REGISTRY REVIEW STAFF
A
Concord
s the state emerges from its COVID19 shutdown, it looks like the real estate market may be doing the same. While the numbers of new listings and total listings statewide are far below 2019 figures, both statistics are rebounding from April lows. “I think we’re starting to see more properties come on the market as people get more acclimated,” said Marc Drapeau, a sales associate with Hourihane, Cormier & Assoc. in Rochester and 2020 president of the New Hampshire Association of Realtors. Data from Zillow shows that the state had 883 active listings for the week ending May 15, the latest information available as The Registry Review went to press. That’s 33.2 percent off the same week in 2019, and 7.4 percent up from the second week in April, when the number of new listings plunged. It could be a sign of a delayed spring market, Drapeau said. At the same time, the median asking price on the homes currently on the market is much higher than typical, according to Zillow, at $389,679. The statewide median single-family home sale price in April was $312,000, up 13 percent year-over-year from April 2019’s median of $275,333, according to The Warren
310 LOUDON RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,650,000 B: CP Concord LLC S: Tru 2005 RE 1 LLC Mtg: First Bk & Tr Co $4,750,000 Use: Retail-department Store, Lot: 234788sf
Tuftonboro 17 EAGLEMERE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $2,585,000 B: Gene J Gebolys Tr, Tr for Eaglemere South T S: Mary L Doxsee Tr, Tr for Mary L Doxsee RET Use: 5 Bdrm Conventional, Lot: 32670sf
Meredith 15 NORTHVIEW DR. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,300,000 B: Skrungloo Farm Inc S: 15 Northview Realty LLC Use: Apartment Bldg - 4-8 Units, Lot: 66647sf
Tuftonboro 19 EAGLEMERE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,165,000 B: Gene J Gebolys Tr, Tr for Eaglemere South T S: Bryan L Batley & Craig A Batley Use: 2 Bdrm Camp/cabin, Lot: 65340sf
Merrimack 257 DANIEL WEBSTER HWY. . . . . . . . . . . . . . . . . . . . $1,050,000 B: Ricky Enterprises LLC S: Stephen Newell & Linda Newell Mtg: Primary Bank $793,810 Use: Commercial Building, Lot: 39204sf
Wolfeboro 15 MILLWOOD RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $998,000 B: Marc Magnoli Tr, Tr for Baiml RET S: Melissa Carpenter & Carolyn Malone Use: 3 Bdrm Ranch, Lot: 36155sf
Rye 81 CENTRAL RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $850,000 B: Jennifer Sebeny & Jamison M Tucker S: Christian Derderian & Julie Derderian Mtg: Christian Derderian $680,000 Use: 4 Bdrm Colonial, Lot: 27147sf
on the market in all price ranges, with entrylevel homes still “very competitive.” “If a property is priced appropriately, we’re still seeing multiple bids and overbids,” he said. A particularly bright spot may be the second home market in the Lakes Region. Sara Holland, broker/owner of Sara Holland & Co. in Plymouth, told an NH Realtors virtual panel discussion on May 14 that the pandemic has pushed some out-of-state buyers from big cit-
T
$1500 1500
800
Both
INDEX
Refinance
$1,200 1200
600 400
REAL ESTATE RECORDS 0
Feb Mar Apr May Jun Jul Aug Sep Oct 3 Belknap �������������������������� 05/19/20 4 Carroll ���������������������������� 05/19/20 4 Cheshire ������������������������ 05/19/20 4 Coos �������������������������������� 05/19/20 5 Grafton ���������������������������� 05/19/20 6 Hillsborough ������������������ 05/19/20 7 Merrimack ���������������������� 05/19/20 8 Rockingham ������������������ 05/19/20 9 Strafford ������������������������ 05/19/20 10 Sullivan �������������������������� 05/19/20 10 Bankruptcies 10 Lien & Attachments 10 Foreclosure, Mortgagee & Other Lien Auctions 10 Requests for Bids & Proposals
$600 600
Nov Dec. Jan Feb
$300 300 $0 0
1500 $1,000
250
Refinance
Feb. 16
Feb. 17
Feb. 18
600 $400 300 $200
$00
Apr. Apr.16
’16
Month
Purchase
Refinance
Both
Both
Apr. 2016
$192
$332
$524
Apr. 2017 Purchase
$243
$263
$506
Apr. 2018
$263
$266
$529
Apr. 2019
$270
$296
$566
Apr. 2020
$236
$958 $1,194
Refinance
Purchase
900 $600
125
Feb. 15
’20
Both
1200 $800
375
Feb. 14
Apr. May May June Jun. July Jul. Aug Aug. Sep Sept. Oct Oct. Nov Nov. Dec Dec. Jan Jan. Feb Feb. Mar Mar. Apr Apr. Apr. ’19
500
0
Purchase
$900 900
TRANSACTIONS THRU
Apr. Apr.17
’17
Apr. 18 Apr.
’18
Apr. 19 Apr.
’19
Continued on Page 12
TO OUR CUSTOMERS
Volume of Mortgages for Single-Family Homes
65 PULPIT RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $819,933 B: Joseph R Lussier & Lori R Lusier S: Kaitlyn M Mello & Marcus J Williams Mtg: St Marys Bank $520,650 Use: 4 Bdrm Colonial, Lot: 104544sf
200
Group, publisher of The Registry Review. One cause, Drapeau told The Registry Review, could be an imbalance between buyer demand and supply “It seems to be, across the state, the absorption rate seems to be at or above the rate of what’s coming on the market,” he said. “We could use more properties coming on the market, so if there is some additional inventory that would be welcome.” Drapeau said he is seeing properties come
New Hampshire Market Statistics
Bedford
PG COUNTY
The numbers of new listings and total active listings are trending upwards, while buyer demand continues to outpace supply.
Apr. 20 Apr.
’20
❑ Dollar amounts in millions ❑ Source: The Warren Group ❑ Statistics based on single-family home sales
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he Warren Group is making every reasonable effort to collect real estate data during these unprecedented times. As more registries restrict acBoth cess and courts close down, we anticipate further collection issues and as Refinance a result you will see fewer sales, notices and liens in The Registry Review. Purchase We will publish this information as it is available. We apologize for any inconvenience this crisis may cause, and we thank you for your understanding and continued support of our newspapers. Please call or email customer service at 617-896-5388 or customerservice@thewarrengroup.com if you have any questions. All collection issues are also available on our website, www.thewarrengroup.com/data-collection-issues. Sincerely, Cassidy Norton, Associate Publisher The Warren Group