The Registry Review: Aug. 31, 2020

Page 1

Vol.42, No.35

www.thewarrengroup.com

W E E K O F M O N D A Y, A U G U S T 3 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

R E A L E S TAT E C O A C H

The ‘New Normal’ Real Estate Trends Shaping the Nation

Sunapee 8 LOVEJOY LN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,600,000 B: 8 Lovejoy Lane LLC S: John Sabatino Tr, Tr for Karen Sabatino 1992 RET

Nashua 119 E HOLLIS ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,750,000 B: Cafua Rt CXL LLC S: Carvlho Family Realty LLC Mtg: Misc Other $2,500,000 Use: Restaurant/bar, Lot: 25395sf

Industry Poised for Rapid Change in the Wake of COVID-19 BY BERNICE ROSS

Chesterfield

SPECIAL TO THE REGISTRY REVIEW

A

97 ROUTE 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,600,000 B: PPT Inc S: Westdale Capital Inv & Chesterfield Petro Inc Use: Bottled/propane Gas Tanks, Lot: 92783sf

mid the backdrop of the pandemic, tremendous disruption and the George Floyd protests, agents across America are getting their first look at what to expect in the “new normal.” Taking action on these emerging trends now will keep your business strong during the turbulent times ahead. From my personal perspective, we have moved through the “great pause” that characterized the country’s initial response to COVID-19 and now are in the midst of the “great reinvention.” If you’re ready to thrive in the midst of all the upheaval, here are some key trends to watch plus action steps to take for your business. Remember: To have the most up-to-date assessment of what is happening in your local market, watch for changes in the numbers of new listings hitting the market and the number of pending sales. When there are more pending sales than listings taken or if these two numbers are in parity, prospect for sellers. When there are more listings than pending sales, prospect for buyers.

New London 217 OWLS NEST RD . . . . . . . . . . . . . . . . . . . . . . . . . . $2,200,000 B: Paul Sohigian & Carrie E Sohigian S: David B Brewster & Oleanna Klein

Nashua 6 TRAFALGAR SQ. . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 B: Cameron Real Estate Inc S: Kbace Holdings LLC Use: Commercial Building

Manchester 575 FRONT ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,727,400 B: UFG LLC S: 605 Front St Assoc LLC Mtg: Provident Bank $852,273 Use: Commercial Use, Lot: 85379sf

Stratham 20 PATRIOTS RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,625,000 B: Sean M Dempsey & Kayla M Springer S: Marjorie A Thorpe Tr, Tr for Marjorie A Thorpe RET Mtg: JPMorgan Chase Bank $1,300,000 Use: 5 Bdrm Contemporary, Lot: 223027sf

Londonderry 184 ROCKINGHAM RD. . . . . . . . . . . . . . . . . . . . . . . . . $1,600,000 B: Rock Road LLC S: Sovereign Rlty Dev Corp Mtg: Primary Bank $1,280,000 Use: Office Bldg-general, Lot: 231555sf

Resuburbanization The pandemic forced most businesses to operate remotely. As the lockdowns lift, many owners and employees will be continuing to operate remotely. The current data is showing a trend towards “resuburbanization” where

Portsmouth 133 MILLER AVE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,550,000 B: Heidi E Feinstein S: Joseph L Pont Tr, Tr for Pont FT Mtg: Piscataqua Svgs Bk NH $800,000 Use: 5 Bdrm Victorian, Lot: 14810sf 32 PORTER ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: Horizon House Realty LLC S: Richard C Ade & Lisa M Ade

to walkable areas in the close-in suburbs, small cities, and rural areas. • A surge in second homes sales in areas located a two- to four-hour drive away from major metropolitan areas. To capitalize on this, become a referral agent. For example, if you work a downturn area, make sure you have good contacts in the

6,000 6000

5000

Both

INDEX

5,000 5000

4000 3000

Refinance Purchase

4,000 4000

2000

REAL ESTATE RECORDS 1000 TRANSACTIONS THRU

3,000 3000

Jan. Feb. MarchApril May June July Aug. Sept. Oct. Nov. Dec. Jan.

3 Belknap �������������������������� 08/14/20 3 Carroll ���������������������������� 08/14/20 4 Cheshire ������������������������ 08/14/20 5 Coos �������������������������������� 08/14/20 5 Grafton ���������������������������� 08/14/20 6 Hillsborough ������������������ 08/14/20 9 Merrimack ���������������������� 08/14/20 10 Rockingham ������������������ 08/14/20 13 Strafford ������������������������ 08/14/20 13 Sullivan �������������������������� 08/14/20 14 Bankruptcies 14 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals

2,000 2000 1,000 1000

00

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

’20

6000 6,000

6000

BothMonth

Purchase

Refinance

Both

July 2016

1,586

1,907

3,493

July 2017

1,201

1,831

3,032

2000 2,000

July 2018

1,636

1,615

3,251

1000 1,000

July 2019

1,659

2,249

3,908

July 2020

1,684

3,940

5,624

Both

5000 5,000

5000 4000

Refinance

Refinance

Purchase

3000

4000 4,000

2000 1000

0

Jan. 15

Jan. 16

Jan. 17

Jan. 18

Purchase

Jan. 19

3000 3,000

00

July 16 July

July July17

July July18

July July19

July July20

’16

’17

’18

’19

’20

Continued on Page 16

TO OUR CUSTOMERS

T

Number of Mortgages for Single-Family Homes

SONOMA LN L:54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,375,000 B: Signature Homes LLC S: RJ Moreau Communities LLC

0

people trade the convenience of living downtown for more space and a less expensive lifestyle outside downtown metro areas. Here are three aspects of this trend that are coming up across the country: • McMansions are making a comeback as more people create multi-generational households or merely need more space to accommodate working from home. • Movement out of downtown communities

NEW HAMPSHIRE MARKET STATISTICS

Concord

PG COUNTY

With the COVID-19 pandemic scrambling many real estate markets around the country, look for smaller brokerages to become stressed as the total number of sales shrinks, a leading expert says.

❑ Statistics based on single-family home sales ❑ 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.

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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