Vol.42, No.42
www.thewarrengroup.com
W E E K O F M O N D A Y, O C T O B E R 1 9 , 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
E X PA N S I O N O P P O R T U N I T I E S
Credit Unions Seek Growth in Complicated Times
Manchester
377-385 HUSE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $10,395,000 B: Larkspur LLC S: DLC Manchester LLC
Pelham
33 BRIDGE ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $8,450,000 B: Bridge 33 LLC BAddr: 21 Osgood St WINDHAM NH 03087 S: 33 Bridge Street LLC Mtg: Pentucket Bank $5,500,000 Use: Manufacturing Building, Lot: 479160sf
New NCUA Rule Opens More Membership Options BY DIANE MCLAUGHLIN
Meredith
REGISTRY REVIEW STAFF
W
hile community banks point to their efforts during the Paycheck Protection Program as helping to expand their customer base, New Hampshire’s credit unions had a limited role in the small business lending program. Even without much participation in one of the pandemic’s most notable economic responses, the state’s credit unions have provided relief to members, including in mortgage and other loan deferrals, according to the Cooperative Credit Union Association, the trade organization for credit unions in several states, including New Hampshire. “Credit unions exist for one reason only – to serve their members, and they have really stepped up during the pandemic to do just that,” CCUA president and CEO Ron McLean said. “That means keeping a roof over somebody’s head, that means putting a meal on somebody’s table, that means getting people through a rough patch in life.” Because credit unions are member-owned, not-for-profit organizations, they have historically been able to offer more affordable products and better rates compared to banks, making them also a resource for underserved
23 SPINDLE POINT RD . . . . . . . . . . . . . . . . . . . . . . . . $3,650,000 B: Scott J Viveiros & Sandra A Viveors BAddr: 250 Paine Rd EASTON NH 03580 S: Carol A Decola Tr, Tr for Carol A Decola FT
Gilford
103 SHORE RD EXT. . . . . . . . . . . . . . . . . . . . . . . . . . . $3,600,000 B: Carol A Decola Tr, Tr for Carol A Decola FT BAddr: 18 Puritan Dr BEDFORD NH 03110 S: Robert Mcbride Tr, Tr for Mooney 2012 Issue T
Concord
142 MANCHESTER ST. . . . . . . . . . . . . . . . . . . . . . . . . $3,550,000 B: Tmch Real Estate LLC BAddr: 3205 Eagle Crest Dr Ste 105 GRAND RAPIDS MI 49525 S: Big Step LLC
North Hampton
BRADLEY LN REAR. . . . . . . . . . . . . . . . . . . . . . . . . . . $3,499,000 B: Spencer C Fleischer Tr, Tr for Fleischer 1989 FT BAddr: 2120 Washington St SAN FRANCISCO CA 94109 S: Andrew G Smith & Lindsay E Smith
Alton
96 BLACK POINT RD. . . . . . . . . . . . . . . . . . . . . . . . . . $3,475,000 B: Bruce Amlicke & Celeste Y Amlicke BAddr: 39 Red Coat Rd WESTPORT CT 06880 S: Linda L Frucci Tr, Tr for Linda L Frucci T Use: 5 Bdrm Contemporary, Lot: 31363sf
Concord
18 CABERNET DR U:MULTI. . . . . . . . . . . . . . . . . . . . . $3,080,000 B: Jal Properties LLC BAddr: 172 Rte 101 Unit 25c BEDFORD NH 03110 S: RJ Moreau Communities Use: 3 Bdrm Condo
Hudson
10 FLAGSTONE DR. . . . . . . . . . . . . . . . . . . . . . . . . . . $3,000,000 B: GBHM Holdings LLC BAddr: 17 Farmington Dr HUDSON NH 03051 S: 1987 Tamposi LP Mtg: Tamposi LP $2,000,000 Use: Industrial Warehouse, Lot: 106286sf
15 WOODLAND DR......................................................$2,650,000 B: SM Properties LLC BAddr: 41 Marston Dr BEDFORD NH 03110 S: 2nd Stonehenge LLC Mtg: St Marys Bank $1,987,500 Use: Apartment Building, Lot: 103368sf Prior Sale: $1,800,000 (02/17)
Expanding Memberships A new NCUA rule that went into effect last week could provide one opportunity to help credit unions expand their memberships.
Credit union membership is built around a common bond, such as working for a specific employer or living in the same community. The new rule will allow credit unions to define a local community based on combined statistical areas, or part of that area, with less than 2.5 million people. The rule is not a response to the pandemic but instead dates to 2016. It was opposed by
T
$1,600 1600 Both
INDEX 600
Refinance
$1,200 1200
400
REAL ESTATE RECORDS TRANSACTIONS THRU
0
Feb Mar Apr May Jun Jul Aug Sep Oct 3 Belknap �������������������������� 10/02/20 4 Carroll ���������������������������� 10/02/20 5 Cheshire ������������������������ 10/02/20 6 Coos �������������������������������� 10/02/20 6 Grafton ���������������������������� 10/02/20 8 Hillsborough ������������������ 10/02/20 12 Merrimack ���������������������� 10/02/20 14 Rockingham ������������������ 10/02/20 16 Strafford ������������������������ 10/02/20 17 Sullivan �������������������������� 10/02/20 18 Bankruptcies 18 Lien & Attachments 18 Foreclosure, Mortgagee & Other Lien Auctions 18 Requests for Bids & Proposals
$800 800 $400 400
Both Refinance
1200 $1,200
250
Feb. 16
Feb. 17
Feb. 18
600 $600 300 $300
$00
Aug. Aug.16
’16
Month
Purchase
Refinance
Both
Both
Aug. 2016
$341
$436
$777
Aug. 2017 Purchase
$447
$328
$775
Aug. 2018
$429
$321
$750
Aug. 2019
$450
$493
$943
Aug. 2020
$423
Refinance
Purchase
900 $900
125
Feb. 15
’20
1500 $1,500
375
Feb. 14
Aug. Sept. Oct. Nov Nov. Dec. Jan. Feb Feb. Mar Mar. Apr Apr. May May June June July July Aug Aug. Aug Sep Oct Dec Jan ’19
500
0
Purchase
Nov Dec. Jan Feb
$0 0
Aug. Aug.17
Aug. Aug.18
Aug. 19 Aug.
Aug. 20 Aug.
’17
’18
’19
’20
Continued on Page 20
TO OUR CUSTOMERS
Volume of Mortgages for Single-Family Homes
800
200
communities. With membership declining and the pandemic accelerating the adoption of online banking, credit unions are seeking new opportunities for growth to compete with banks and other digital banking options.
New Hampshire Market Statistics
Litchfield
PG COUNTY
A new NCUA rule went into effect last week that could set New Hampshire’s credit unions up for growth even as COVID-19 continues to rock the local and national economies.
$1,004 $1,427
❑ 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