Vol.42, No.24
www.thewarrengroup.com
W E E K O F M O N D A Y, J U N E 1 5 , 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
B R A N C H S T R AT E G Y
North Hampton 15-17 WILLOW AVE . . . . . . . . . . . . . . . . . . . . . . . . . . $3,370,000 B: Andrea E Wallck S: Boars Head RT LLC Mtg: Draper and Kramer Mtg $2,600,000 Use: 6 Bdrm Colonial, Lot: 99752sf
Gilford 22 VARNEY POINT RD. . . . . . . . . . . . . . . . . . . . . . . . . $2,200,000 B: James R Dagle & Maureen P Dagle S: Andrea Bournival-Namay
Laconia
Senior Bankers Think Branches Will Remain Key, Post-COVID ATM’s Impact Cited as Potential Model BY DIANE MCLAUGHLIN REGISTRY REVIEW STAFF
31 BOATHOUSE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,712,533 B: Tammy A Clark & Donald T Clark 2nd S: Warren C Hutchins Tr, Tr for Warren C Hutchins 2005 T Mtg: Bar Harbor Bk & Tr $1,370,000 Use: 5 Bdrm Conventional, Lot: 99752sf 151 PENDLETON RD. . . . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: Robert D Mcivor & Lori B Mcivor S: Glenn T Saba & Christine M Saba Mtg: Morgan Stanley $1,200,000 Use: 4 Bdrm Colonial, Lot: 17818sf
Derry 3 CORPORATE PARK DR U:4. . . . . . . . . . . . . . . . . . . . $1,300,000 B: GM Real Estate Hldg LLC S: 8 Summits LLC Mtg: Primary Bank $650,000 Use: Industrial Condominum
Nashua 77 E HOLLIS ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,224,000 B: MC LLC S: Anne S Lauriat Tr, Tr for Jeg RT Use: Auto Repair, Lot: 20778sf
Laconia 73 WENTWORTH COVE RD. . . . . . . . . . . . . . . . . . . . . $1,125,000 B: Paul E Sughrue Jr Tr, Tr for Cove RT S: JC Equity Brokers LLC Use: 4 Bdrm Camp/cabin, Lot: 11544sf
Nelson 174 LEAD MINE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,100,000 B: F J Weyerhaeuser Tr, Tr for F J Weyerhaeuser RET S: Virginia F Rohr Tr, Tr for Walter H Rohr RET
Moultonboro 41 RICHARDSON SHORES RD. . . . . . . . . . . . . . . . . . . $1,015,000 B: Anthony Mcenroe & Maura A Mcenroe S: John Clymer Mtg: Wells Fargo Bank $812,000 Use: 3 Bdrm Cape Cod, Lot: 41382sf
North Hampton
E
ven with limited or no access to bank lobbies during the pandemic, bank leaders still expect branches to remain a key channel for customers. The pandemic’s effect on the future of bank branches was among the topics discussed during a webinar with bank leaders hosted by the New England Council on June 4. Participating in the webinar were Eastern Bank CEO and Chair Bob Rivers; Dianne Mercier, president of People’s United Bank’s New Hampshire market; and Ed Hjerpe, president and CEO Federal Home Loan Bank of Boston. The webinar on “Leading in Crisis” was hosted by James Brett, the New England Council’s president and CEO. The $58 billion-asset People’s United maintains 26 branches across Southern New Hampshire, from Chesterfield to Rye, while the $11.6 billion-asset Eastern maintains seven in Southeast New Hampshire, from Portsmouth to Nashua. With much of Eastern Bank’s staff working from home during the pandemic, Rivers said the bank has put on hold plans to look for additional office space. But even with more customers using digital tools, Eastern has not taken any steps to reduce its branch footprint, Rivers said.
19 FARMINGTON RD. . . . . . . . . . . . . . . . . . . . . . . . . . $1,000,000 B: NM Cook 17 Farmington Rd LLC S: BGF Realty LLC Mtg: Meredith Vlg Svgs Bk $750,000
REAL ESTATE RECORDS
1,500 1500
3 Belknap �������������������������� 06/02/20 4 Carroll ���������������������������� 06/02/20 4 Cheshire ������������������������ 06/02/20 5 Coos �������������������������������� 06/02/20 5 Grafton ���������������������������� 06/02/20 6 Hillsborough ������������������ 06/02/20 7 Merrimack ���������������������� 06/02/20 8 Rockingham ������������������ 06/02/20 10 Strafford ������������������������ 06/02/20 11 Sullivan �������������������������� 06/02/20 11 Bankruptcies 11 Lien & Attachments 11 Foreclosure, Mortgagee & Other Lien Auctions 11 Requests for Bids & Proposals
Work-From-Home Popular Both Mercier and Rivers see working from home as continuing for their banks. An internal survey showed that 82 percent of Eastern’s employees preferred to work two days from home, Rivers said. Mercier added that 95 percent of People’s United staff said they were as
1,000 1000 500 500 00
Apr. May May June July July Jun. Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. Apr. ’19
’20
Number 1500 of 1,500 Sales 1300
1,300
1100
1,100
900
900
700
700 500
Apr. Apr. ’15
Apr. Apr. ’16
Apr. Apr. ’17
Apr. Apr. ’18
Apr. Apr. ’19
Apr. Apr. ’20
Apr. 2015 Apr. 2016 Apr. 2017 Apr. 2018 Apr. 2019 Apr. 2020
Continued on Page 12
TO OUR CUSTOMERS
2,500 2500 2,000 2000
TRANSACTIONS THRU
technology, as well as changed how businesses interact with their bankers.
Single-Family Sales By Month
INDEX PG COUNTY
Mercier pointed out that a few decades ago people thought ATMs would lead to a reduction in branches, a prediction that didn’t pan out. “I don’t think branches will go away; I think they will change,” Mercier said. “I think people will use them even less frequently than they did before, but they still need a place to go, and they still need our presence, and they need people to talk to.” She added that the pandemic has accelerated the pace for businesses to adopt banking
New Hampshire Market Statistics
4 RUNNYMEDE DR . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,000,000 B: Peter J Anastasia Tr, Tr for Peter J Anastasia RET S: Wayne F Kenney & Carolyn J Kenney
Rochester
While the way customers use bank branches may change, they will still need a physical location to visit at key points in their relationship with their lender, senior bankers say.
Number of Sales
Change Prior Year
860 1,262 1,204 1,274 1,171 855
-4.34% 46.74% -4.6% 5.81% -8.08% -26.99%
q Statistics based on single-family home sales of $1,000 q Source: The Warren Group
©2020 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.
T
he Warren Group is making every reasonable effort to collect real estate data during these unprecedented times. As more registries restrict access and courts close down, we anticipate further collection issues and as a result you will see fewer sales, notices and liens in The Registry Review. 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