The Registry Review: Feb. 28, 2022

Page 1

Vol.44, No.09

www.thewarrengroup.com

W E E K O F M O N D A Y, F E B R U A R Y 2 8 , 2 0 2 2

THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group

WEEKLY SALES OF NOTE

M O N T H LY H O M E S A L E S

Jan. Single-Family Inventory Lowest Since 2005

Lebanon 8 GLEN RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $11,750,000 B: CTR Powerhouse LLC S: Hoco F LLC Mtg: Bar Harbor Bk & Tr $8,225,000 Use: Mixed Use-prim Comm & Other, Lot: 343688sf

New London

Realtors Warn of Record-Low Affordability

29 BOULDER PT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,800,000 B: Steven M Carr Tr, Tr for 29 Boulder Point Road NT S: Raoul&Karen LLC Use: Residential-multiple Bldgs, Lot: 100188sf

BY JAMES SANNA REGISTRY REVIEW STAFF

Manchester

S

ingle-family home sales dipped again last month, falling to their lowest level since 2015, as the statewide median sale price shot up another 17 percent according to The Warren Group, publisher of The Registry Review. That year-over-year gain put the statewide median sale price at $375,000 for the month of January.

270 MAMMOTH RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $3,950,000 B: Richard Thorner Tr, Tr for Lucille E Davison T S: Long Mountain Invs LLC TARRYTOWN RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,950,000 B: Richard Thorner Tr, Tr for Lucille E Davison T S: Long Mountain Invs LLC

Conway 1769 WHITE MOUNTAIN HWY. . . . . . . . . . . . . . . . . . . $3,500,000 B: MAJM Holdings, LLC S: Nathaniel Sullivan Tr, Tr for Joseph E Sullivan Jr RET Use: Motel, Lot: 236966sf

Meredith 36 DALE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,500,000 B: Paul J Gaudet Tr, Tr for Gaudet FT S: Jeffrey P Manning & Deborah M Manning Use: 3 Bdrm Contemporary, Lot: 17150sf

“If New Hampshire is going to tackle the affordability and availability crisis in a meaningful way, it means increasing that inventory.”

Rye 15 SOUTH ROAD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,100,000 B: P Kevin Condron Tr, Tr for P Kevin Condron RET S: Heather Oneil Tr, Tr for Joan D Oneil RET

Tuftonboro 462 GOVERNOR WENTWORTH HWY. . . . . . . . . . . . . . $2,350,000 B: Melvin Myvy LLC S: Myty Inc Mtg: Peoples United Bank $140,000 Use: Mixed Use-prim Comm & Other, Lot: 156816sf

– Adam Gaudet, broker-owner, 603 Birch Realty

Dover

There were 747 single-family homes sold last year, The Warren Group reported. That’s down 2 percent from the 760 sold in January 2021 and the lowest sales in any January since 725 were sold in the first month of 2015. That year, the median sale price was just $197,500.

78 3RD ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,050,000 B: Third Street Holdings LLC S: Sojourn Property Mgmt LLC Mtg: Service Credit Union $1,937,500 Use: Parking Lot, Lot: 3920sf

Barrington CALEF HWY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 B: Stonearch At Grnhill LLC S: Route 125 Development LLC Mtg: Kennebunk Svgs Bank $6,400,000

$2,000 2000

INDEX

800

Both Refinance

600

$1,500 1500

REAL ESTATE RECORDS

3 3 4 4 4 5 6 7 8 8 10 10 10 10

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec. Jan Feb

$500 500 $0 0

Month Refinance

1200 $1,200

600

Oct. 18

Oct. 19

Oct. 20

Oct. 21

600 $600 300 $300

$00

Nov. Jan.17

’17

Refinance

Jan. 2017

$185

$332

$517

Jan. 2018 Purchase

$170

$218

$388

Jan. 2019

$200

$580

$780

Jan. 2020

$208

$1,002

$1,210

Jan. 2021

$230

$749

$979

Refinance

Purchase

900 $900

300

Purchase

Both

Both

900

Want to see your news Both featured in a Refinance future issue of Purchase The Registry Review?

’21

1500 $1,500

1200

Continued on Page 12

Jan. Feb Feb. Mar Mar. Apr Apr. May May June June July July Aug Aug. Sep Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Jan ’20

1500

Oct. 17

200

$1,000 1000

1800

0

Purchase

400

0

TRANSACTIONS THRU

Belknap �������������������������� 02/11/22 Carroll ���������������������������� 02/11/22 Cheshire ������������������������ 02/11/22 Coos �������������������������������� 02/11/22 Grafton ���������������������������� 02/11/22 Hillsborough ������������������ 02/11/22 Merrimack ���������������������� 02/11/22 Rockingham ������������������ 02/11/22 Strafford ������������������������ 02/11/22 Sullivan �������������������������� 02/11/22 Bankruptcies Lien & Attachments Foreclosure, Mortgagee & Other Lien Auctions Requests for Bids & Proposals

NHAR President Adam Gaudet said in a statement that the inventory shortage was the primary driver of price increases. “Demand isn’t slowing down,” said Gaudet, broker-owner of 603 Birch Realty in Concord. “If New Hampshire is going to tackle the affordability and availability crisis in a meaningful way, it means increasing that inventory.” Numbers of new condominium listings were only down 8.6 percent year-over-year, to 320. But NHAR reported 25.3 percent fewer single-family listings in January, for a total of only 706. That figure is only slightly elevated from December’s 692 when the state often

Volume of Mortgages for Single-Family Homes

4 OLD LANDING RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,800,000 B: Henderson Family Prop LLC S: Thomas M Conrad Tr, Tr for Thomas M Conrad RET Mtg: Profile Bank $2,486,000 Use: Apartment Bldg - 9 + Units, Lot: 19060sf

COUNTY

On the condominium market, the state saw 8 percent fewer sales, for a total of 244 last month. That’s the lowest number of sales in any January since 2014, when 234 were sold. The median condo sale price was $272,967, a 16 percent increase since January 2021. The New Hampshire Association of Realtors reported that there were only 931 singlefamily homes and 269 condominiums for sale last month. That’s the lowest number of listings of either property type since at least 2005, the earliest data available. The single-family listings tally was 35.4 percent lower than January 2021, while the condominium tally was 36.3 percent down over the same period.

New Hampshire Market Statistics

Durham

PG

A record shortage of homes for sale sent prices climbing by double-digit percentages last month.

Nov. Jan.18

Nov. Jan.19

Nov. Jan.20

Nov. 21 Jan.

’18

’19

’20

’21

Both

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

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