The Registry Review: Aug. 10, 2020

Page 1

Vol.42, No.32

www.thewarrengroup.com

W E E K O F M O N D A Y, A U G U S T 1 0 , 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

ESCAPE TO NH

‘Frenzy of Activity’ Hits Luxury Market in Vacation Destinations

Sunapee 158 GARNET HILL RD. . . . . . . . . . . . . . . . . . . . . . . . . $3,800,000 B: James Loree & Rebecca K Loree S: David W Ivey Tr, Tr for Ivey FT

Gilford 200 EDGEWATER DR. . . . . . . . . . . . . . . . . . . . . . . . . . $2,400,000 B: Edward Alois & Marilou Alois S: Steven J Hatem & Diane M Hatem

Out-of-Staters Seek to Reset Lives Amid Pandemic

New London

BY JAY FITZGERALD

117 SUNSET SHORES. . . . . . . . . . . . . . . . . . . . . . . . . $2,150,000 B: Leeann H Layton Tr, Tr for Russell K Layton Jr RET S: David F Bemis & Lisa A Hoke

SPECIAL TO THE REGISTRY REVIEW

T

he coronavirus pandemic has sparked a mini-land rush in many areas of New Hampshire, as out-of-state residents seek to escape crowded urban areas in Connecticut, Massachusetts and New York for more rustic settings where people can both relax and still work remotely. Single-family home sale prices in New Hampshire rose by 7.1 percent to $300,000 during the first half of the year compared to the same period in 2019, according to the Warren Group, the real estate data firm that publishes the Registry Review. The median sale price for condominiums shot up by an astounding 16.3 percent, to $235,000 during the same time period, according to data. Real estate agents say activity remained intense through July and they don’t see any let-up for the rest of the summer. “We’re slammed up here, just slammed,” said Randy Parker, owner of Maxfield Real Estate in Wolfeboro, located along Lake Winnipesaukee in Carroll County. “People want land and they want space and they want it right away.” He noted that waterfront homes are selling for $1.5 million in a matter of days, rather than weeks, while off-water homes in the $500,000 range are getting snapped up in weeks, rather than months. “Meanwhile, homes under $300,000 are gone within a week,” said Parker.

Hampton 1068 OCEAN BLVD . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,875,000 B: Richard T Hyslip Tr, Tr 1068 Ocean Blvd RT S: Walter V Demers 3rd Tr, Tr for L&W INT

Hanover 2 PARADE GROUND RD. . . . . . . . . . . . . . . . . . . . . . . . $1,725,000 B: William J Clerkin Tr, Tr Clerkin FT S: Brenton D Anderson Tr, Tr for Jamie C Anderson T Mtg: Mascoma Bank $1,380,000 Use: 3 Bdrm Colonial, Lot: 3097116sf

Moultonboro 11 1ST POINT RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,710,533 B: Daniel Grana & Anna Bulkovshteyn S: Robert Kaplan Use: 3 Bdrm Cape Cod, Lot: 20473sf

Plaistow 88 PLAISTOW RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,200,000 B: 88 Plaistow Road Storage S: 88 Plaistow Road LLC

Laconia 17 SOLEIL MTN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,030,000 B: John J Phillips Jr S: Douglas Sagar & Victoria Sagar Mtg: Lowell Five Cent Svgs $824,000 Use: 3 Bdrm Contemporary, Lot: 17693sf

Hollis 82 RUNNELLS BRIDGE RD . . . . . . . . . . . . . . . . . . . . . $1,025,000 B: Hitendra R Patel Tr, Tr for Kailash RT S: Team Yarmo Invs 1 LLC Mtg: Team Yarmo Investment $540,000

Haverhill 4905 DARTMOUTH COLLEGE HWY. . . . . . . . . . . . . . . $1,000,000 B: 1781 Invstment Co LLC S: Fogg Properties LLC Mtg: Guaranty SB $1 Use: Commercial Building, Lot: 83461sf

Sunapee’s lakefront homes are going for $1.2 million and up, while off-water homes with lake access are going for $700,000, said Smith.

Tight Inventory Continues One thing hasn’t changed this year: Inventory is as tight as ever across the state. “There’s less inventory than buyers, that’s for sure,” said Smith “It’s a seller’s market. If someone was thinking of a selling home, they’re selling it now. It’s a good time.”

T

$1,500 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 �������������������������� 07/24/20 4 Carroll ���������������������������� 07/24/20 4 Cheshire ������������������������ 07/24/20 5 Coos �������������������������������� 07/24/20 6 Grafton ���������������������������� 07/24/20 7 Hillsborough ������������������ 07/24/20 9 Merrimack ���������������������� 07/24/20 10 Rockingham ������������������ 07/24/20 12 Strafford ������������������������ 07/24/20 13 Sullivan �������������������������� 07/24/20 14 Bankruptcies 14 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals

$600 600

Nov Dec. Jan Feb

$300 300 $0 0

Both Refinance

1200 $1,200

250

Feb. 16

Feb. 17

Feb. 18

600 $600 300 $300

$00

Month

Purchase

Refinance

Both

Both

June 2016

$343

$376

$719

June 2017 Purchase

$450

$320

$770

June 2018

$424

$249

$673

June 2019

$426

$328

$754

June 2020

$349

Refinance

Purchase

900 $900

125

Feb. 15

’20

1500 $1,500

375

Feb. 14

Jun. July Jul. Aug Aug. Sept. Nov. Dec Dec. Jan Jan. Feb Feb. Mar Mar. Apr Apr. May May June Jun. June Sep Oct. Oct Nov ’19

500

0

Purchase

$900 900

TRANSACTIONS THRU

$1,035 $1,384

June 17 June 18 June 19 June 20 June16 June June June June June

’16

’17

’18

’19

Continued on Page 16

TO OUR CUSTOMERS

Volume of Mortgages for Single-Family Homes

10 BURNHAM RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $977,000 B: Douglas Scandrett & Katherine Scadrett S: Dane Development LLC Mtg: Peoples United Bank $772,000 Use: 4 Bdrm Colonial, Lot: 95832sf

200

It’s not just out-of-state homebuyers escaping the pandemic. High-end renters are also surging into the Lakes Region, such as a New York woman who agreed to pay $10,000 a week for ten weeks for a lakefront home on Winnipesaukee, where she planned to host her adult children and grandkids for the summer, Parker said. “We’ve been very busy,” said Dave Smith, owner of Harbor Light Realty in Sunapee, home to the popular Lake Sunapee and Mount Sunapee in Sullivan County. “People are looking to come to New Hampshire to feel safer.”

New Hampshire Market Statistics

Windham

PG COUNTY

Buyers from several crowded Northeast cities are looking to relocate to New Hampshire after liberal work-from-home policies freed them from living near their jobs.

’20

❑ Dollar amounts in millions ❑ Source: The Warren Group ❑ Statistics based on single-family home sales

©2020 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.

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


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