Vol.42, No.39
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W E E K O F M O N D A Y, S E P T E M B E R 2 8 , 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’ MARKET
Enfield 499 METHODIST HILL RD . . . . . . . . . . . . . . . . . . . . . $2,900,000 B: Dorrell Parker-Hinshaw & Jean Balgrosky-Hinshaw S: Mari H Dawley
Gilford
Pandemic Drives Up Home Sale Prices Statewide
132 VARNEY POINT RD . . . . . . . . . . . . . . . . . . . . . . . $2,820,000 B: Yin Li Tr, Tr for Kungs FT S: New Street Investment LLC
Out-of-State Buyers Played Outsized Role in Vacation Hotspots
Manchester
BY JAY FITZGERALD
1550 ELM ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,064,333 B: Manchester City Rlty LLC S: SPP Citizens Nlref 5 LLC Mtg: Bar Harbor Bk & Tr $1,341,743
Portsmouth 93 PLEASANT ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 B: Dagny Taggart LLC S: Ronald P Bourgeault Tr, Tr for Ronald P Bourgeault RET Mtg: Ronald P Bourgeault T $500,000 Use: Retail-service, Lot: 11326sf
Center Harbor 224 DANE RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,875,000 B: High Note LLC S: James Laverdiere & Janet Laverdiere Use: 6 Bdrm Cape Cod, Lot: 1213582sf
Bartlett 232 NH RT 16A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: Wendy A Drinkwater S: Robert L Dowell
Laconia 650 ENDICOTT ST E . . . . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: Gregory S Fillmore Tr, Tr for Gregory S Fillmore RET S: Caren C Brouse
Salem 11 STONE POST RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,400,000 B: Mina Kairalla S: Rejean Dumouchel Jr Tr, Tr for Dumouchel RT 2 Mtg: Wade Lee $1,050,000 Use: 5 Bdrm Colonial, Lot: 43124sf
New Castle 5 WALTON RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,399,000 B: Joseph L Pont Tr, Tr for Pont FT S: Laurie Bailey & Jonathan Bailey Mtg: First Seacoast Bank $399,000 Use: 3 Bdrm Cape Cod, Lot: 12197sf
Easton
REGISTRY REVIEW STAFF
N
ot even COVID-19 could dampen the demand for housing this spring and summer across New Hampshire. If anything, the pandemic merely increased demand amid an ongoing slump in the inventory of homes and condos for sale, according to new year-to-date data from The Warren Group, publisher of The Registry Review. According to figures through August, the median sale price of a single-family home rose by 9 percent over the first eight months of the year, to $310,000, compared to the same period in 2019. Meanwhile, median condominium prices rose by 15 percent, to $235,000, during the same time period. As for the actual number of sales? They were down again – way down – as potential sellers pulled back this past spring amid concerns about the economic downturn and about possible coronavirus-carrying buyers trooping through their homes to view properties, real estate officials say. Single-family home sales were down 19 percent, to 8,684, during the first eight months of the year, compared to 2019 figures, while condo sales were off 12 percent, to 3,091, according to Warren Group data. “It’s been insanity,” Lisa Boucher, an associate broker at Hearthside Realty in Manchester, said of the dramatic supply-and-demand
19 RIDDLE DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,350,000 B: Fleur Sauvage LLC S: Patricia A Hoepp Tr, Tr for Patricia Ann Hoepp RET
REAL ESTATE RECORDS
1,500 1500
3 Belknap �������������������������� 09/11/20 3 Carroll ���������������������������� 09/11/20 4 Cheshire ������������������������ 09/11/20 5 Coos �������������������������������� 09/11/20 5 Grafton ���������������������������� 09/11/20 6 Hillsborough ������������������ 09/11/20 8 Merrimack ���������������������� 09/11/20 9 Rockingham ������������������ 09/11/20 10 Strafford ������������������������ 09/11/20 11 Sullivan �������������������������� 09/11/20 11 Bankruptcies 11 Lien & Attachments 11 Foreclosure, Mortgagee & Other Lien Auctions 11 Requests for Bids & Proposals
1,000 1000 500 500 00
Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May June June July July Aug. Aug. Aug. ’19
’20
Number 2200 of 2,200 Sales 2000 2,000 1800 1,800 1600 1,600 1400 1,400
1,200 1200 1,000 1000
Aug. Aug. Aug. Aug. Aug. Aug. ’15 ’16 ’17
Aug. Aug. ’18
Aug. Aug. ’19
Aug. Aug. ’20
Aug. 2015 Aug. 2016 Aug. 2017 Aug. 2018 Aug. 2019 Aug. 2020
Continued on Page 12
TO OUR CUSTOMERS
2,500 2500 2,000 2000
TRANSACTIONS THRU
cent to $135,000 and the median condo price by 28 percent to $412,000. The reason? Strong pandemic-driven demand for second homes, usually by out-ofstate buyers trying to escape more densely populated areas in the Northeast, said Matt Martel, co-owner and associate broker at RE/ MAX Northern Edge Realty in Berlin. And one surprise: Multifamily dwellings are in big demand in Coos County, as buyers search for seasonal abodes they can easily rent out via Airbnb, Martel said.
Single-Family Sales By Month
INDEX PG COUNTY
imbalance that’s driven prices up to records levels across the state. Every part of New Hampshire saw price spikes year-to-date through August – including in the usual-suspect counties of Hillsborough and Rockingham in southern New Hampshire, where prices rose 10 percent over 2019 levels, Hillsborough to a median price of $332,467 and Rockingham to $408,533, according to data. But rural Coos County saw the biggest price spike in New Hampshire, with the median single-family sale price rising by 23 per-
New Hampshire Market Statistics
250 PAINE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,387,000 B: Kirsten L Hoffman & Christopher Dulmaine S: Scott J Viveiros & Sandra A Viveiros
Bedford
Between a shortage of for-sale inventory and a preexisting dearth of starter homes on the market, first-time buyers faced tough odds, just as low interest rates enticed many to look for a home.
Number of Sales
Change Prior Year
1,792 1,972 2,101 1,938 1,809 1,436
22.91% 10.04% 6.54% -7.76% -6.66% -20.6%
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