The Registry Review: Sept. 7, 2020

Page 1

Vol.42, No.36

www.thewarrengroup.com

W E E K O F M O N D A Y, S E P T E M B E R 7 , 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

NEW COMFORT ZONE

Sunapee 397 JOBS CREEK RD. . . . . . . . . . . . . . . . . . . . . . . . . . $7,505,000 B: C Lazy U Farm LLC S: Mark Goldman & Diane Goldman 407 JOBS CREEK RD. . . . . . . . . . . . . . . . . . . . . . . . . . $7,505,000 B: C Lazy U Farm LLC S: Mark Goldman & Diane Goldman Use: 1-Family, Lot: 6651612sf

Moultonboro 58 BOS’N WAY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,000,000 B: Kurt Cellar & Angelinque Cellar S: Mark J Bellissimo Use: Residential-multiple Bldgs, Lot: 374616sf

Londonderry 562 MAMMOTH RD . . . . . . . . . . . . . . . . . . . . . . . . . . $4,035,000 B: Holton LLC S: Zohl WPS LLC

Gilford 212 EDGEWATER DR. . . . . . . . . . . . . . . . . . . . . . . . . . $3,150,000 B: Christina J Brady Tr, Tr for Christina J Brady T S: William J Iannazzi Tr, Tr for Iannazzi FT Use: 5 Bdrm Contemporary, Lot: 34848sf

Hanover 24 OCCOM RDG. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,100,000 B: Woodhouse LLC S: Kernan V Oberting Tr, Tr Judith P Oberting T

Nashua 20 MERRIT PKWY U:3. . . . . . . . . . . . . . . . . . . . . . . . . $1,910,000 B: Greenview Properties LLC S: 20 Merrit Parkway LLC Mtg: Avidia Bank $910,000 Use: Condo

Laconia 128 PAUGUS PARK RD . . . . . . . . . . . . . . . . . . . . . . . . $1,875,000 B: Michael Orourke & Melissa Croatti S: George D Flanders Tr, Tr for George David Flanders LT

North Hampton 151 ATLANTIC AVE. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,775,000 B: Noel Rix S: Marie Hilliard Tr, Tr for Stone Ridge RET Mtg: John Samonas $301,484 Use: 4 Bdrm Colonial, Lot: 189922sf

Portsmouth 330 WEST RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: 330 West St Hldg Co LLC S: Players 3 LLC Mtg: Granite St Econ Devel $596,000 Use: Commercial Warehouse, Lot: 111949sf

Pandemic’s Demands Reshape How Lenders Adopt Tech Need for Urgent Action Challenged Customers, Staff to Adapt BY DIANE MCLAUGHLIN REGISTRY REVIEW STAFF

O

nce a slow, even multi-year process, the speed at which financial institutions adopt new technology could be changing thanks to the tumultuous events of the last six months. The COVID-19 pandemic and its associated economic fallout forced lenders to quickly adopt new software, both services like Zoom that were already available and PPP platforms built in-house or by technology companies. With staff as well as customers now accustomed to this changed environment, technology companies say they see more opportunities to get their digital banking and lending tools adopted at more banks and credit unions – and at a faster pace than before the pandemic. “Banks are used to moving quickly to protect their balance sheet,” said Dan O’Malley, CEO of the Boston-based financial technology firm Numerated. “What I think banks just learned is that the same ability to move quickly – and manage the risk around moving quickly – can be applied to technological change, too.”

WFH a Key Catalyst Before the pandemic, banks and credit unions had been notoriously slow to embrace work-at-home arrangements, said Richard

REAL ESTATE RECORDS

$310,000 310000

3 Belknap �������������������������� 08/21/20 4 Carroll ���������������������������� 08/21/20 5 Cheshire ������������������������ 08/21/20 5 Coos �������������������������������� 08/21/20 6 Grafton ���������������������������� 08/21/20 7 Hillsborough ������������������ 08/21/20 9 Merrimack ���������������������� 08/21/20 11 Rockingham ������������������ 08/21/20 12 Strafford ������������������������ 08/21/20 13 Sullivan �������������������������� 08/21/20 14 Bankruptcies 14 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals

$290,000 290000 $270,000 270000 $250,000 250000

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

Number 350000 of Sales $350,000 320000 $320,000

Year

Median Price

Change Prior Year

290000 $290,000

July 2016

$250,000

3.31%

260000 $260,000

July 2017

$260,000

4%

230000 $230,000

July 2018

$285,000

9.62%

July 2019

$295,000

3.51%

July 2020

$326,000

10.51%

200000 $200,000

July

July ’16

July

July ’17

July

July ’18

July

July ’19

July

July ’20

Continued on Page 16

TO OUR CUSTOMERS

T

$350,000 350000 $330,000 330000

TRANSACTIONS THRU

In addition to building a PPP platform for its customers, COCC has seen more banks and credit unions install interactive teller machines during the pandemic and upgrade call center technology. And banks that in the past had resisted rolling out online banking to older adults have seen this demographic now use online tools more than younger customers, Leone said. “This COVID environment has accelerated the adoption of technologies at warp speed,” Leone said. “It was incredible how quickly banks were able to adopt these new technologies.”

Single-Family Median Sales Price

INDEX PG COUNTY

Leone, CEO of COCC, a Connecticut-based provider of core technology services to nearly 200 banks and credit unions in the Northeast. “I give them credit for being able to adopt work at home technologies very quickly,” Leone said. “They did that out of necessity, but I think the unintended benefit of that is they were able to turn those technologies over to their clients.” Once banks figured out that they could operate without teller lines, Leone said, customers benefited from digital lending processes and virtual banking opportunities.

NEW HAMPSHIRE MARKET STATISTICS

Meredith 11 INDIAN TRAIL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,325,000 B: Seamus C Fernandez S: Angela K Havens

Forced to move quickly by the pandemic and the need to process a crush of Paycheck Protection Program applications, lenders are becoming more willing to move quickly on some technology upgrades.

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.

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


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