Vol.44, No.11
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W E E K O F M O N D A Y, M A R C H 1 4 , 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
TOP LENDERS
Holderness 110 US ROUTE 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,000,000 B: Julian Flannery Tr, Tr for Julian Flannery RET S: Kerrie E Solberg Tr, Tr for Gould FT Mtg: Mascoma Bank $2,060,000 Use: 5 Bdrm Cottage, Lot: 192884sf
Manchester 1217 ELM ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,400,000 B: Signature On Elm LLC S: Raxx Lemay LLC 1211 ELM ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,400,000 B: Signature On Elm LLC S: Raxx Lemay LLC CHURCH ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,400,000 B: Signature On Elm LLC S: Raxx Lemay LLC
Meredith 101 COLLINS BROOK RD. . . . . . . . . . . . . . . . . . . . . . . $2,216,533 B: Per H Borgstrom & Haylee Borgstrom S: Matthew J Deavila
Carroll 15 AVALON DR U:11. . . . . . . . . . . . . . . . . . . . . . . . . . $2,050,000 B: Donald N Dunham & Joan R Dunham S: Maria Bluni Use: 5 Bdrm Condo, Lot: 226076sf
Rye 27 AUTUMN LN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,574,933 B: Thompson M Swayne Tr, Tr for T M Swayne 2018 RET S: Persimmon Homes LLC
Concord 23-1/2 UNION ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,535,000 B: Union Capital&Co LLC S: 2DC LLC Mtg: Merrimack Cnty SB NH $1,228,000 Use: Apartment Bldg - 4-8 Units, Lot: 6098sf 25-1/2 UNION ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,535,000 B: Union Capital&Co LLC S: 2DC LLC Mtg: Merrimack Cnty SB NH $1,228,000 Use: Apartment Bldg - 4-8 Units, Lot: 4792sf 27 UNION ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,535,000 B: Union Capital&Co LLC S: 2DC LLC Mtg: Merrimack Cnty SB NH $1,228,000 Use: Apartment Bldg - 4-8 Units, Lot: 4356sf
Rye 1705 OCEAN BLVD . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,450,000 B: Philip R Currier Jr S: John D Welch Tr, Tr for Ruth B Clark RET Mtg: Rocket Mortgage LLC $1,160,000 Use: 5 Bdrm Raised Ranch, Lot: 23485sf
Portsmouth 11 SHEAFE ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,280,000 B: Alexander Narkaj & Anna Gurowsky S: Joseph W Chase & Erin R Chase Mtg: Cross Country Mtg Inc $1,000,000 Use: 4 Bdrm Antique, Lot: 1137sf
3 3 4 4 4 5 7 7 8 9 10 10 10 10
BY JAMES SANNA REGISTRY REVIEW STAFF
A
lso-rans in prior years became 2021’s champions among the battle to be the top lenders in New Hampshire amid a superheated housing market, according to the latest yearly analysis of mortgage data by The Warren Group, publisher of The Registry Review. And while many of last year’s top banks retained their familiar place in the ranks of the state’s most prolific lenders, most saw their overall numbers of home purchase loans decline by not-insignificant margins as the stressed housing market took its toll. Banks, credit unions and mortgage companies made 78,811 purchase and refinance loans statewide, worth $36.47 billion throughout 2021. As The Registry Review previously reported, New Hampshire’s housing market appears to be caught in a negative feedback loop. High home prices deter move-up and downsizing buyers from listing, shrinking the total single-family inventory to depths not seen since 2005. This, in turn, intensifies demand for the listings that do come onto the market, sending prices higher–
Banks, credit unions and mortgage companies made 78,811 purchase and refinance loans statewide, worth $36.47 billion throughout 2021.
the median single-family home sale price was $375,000 last year, 17 percent increase over 2020 and a 32 percent increase over 2019. And with most towns statewide still resistant to new development, the supply of newly built homes has not been able to catch up with demand. Among banks, lending for the purchase of single-family homes, Lebanon’s Mascoma Bank sprinted past 2020 top lender Citizens to claim the top spot, with 145
loans worth $46.66 million. Meanwhile, St. Mary’s Bank and Service Credit Union retained their dominating positions on the credit union rankings, making 166 and 122 loans worth $57.5 million and $32.66 million, respectively. The state’s most prolific mortgage lender was CMG Mortgage, which beat out 2020 top lender Residential Mortgage Services with 1,224 loans worth $399.31 billion.
New Hampshire Market Statistics Single-Family Sales By Month 1,800 1800
1,400 1400
REAL ESTATE RECORDS COUNTY
Banks, CUs, Mortgage Companies Rode Wave of Demand
1,600 1600
INDEX PG
New Hampshire’s Top Lenders of 2021 Revealed
TRANSACTIONS THRU
Belknap �������������������������� 02/28/22 Carroll ���������������������������� 02/28/22 Cheshire ������������������������ 02/28/22 Coos �������������������������������� 02/28/22 Grafton ���������������������������� 02/28/22 Hillsborough ������������������ 02/28/22 Merrimack ���������������������� 02/28/22 Rockingham ������������������ 02/28/22 Strafford ������������������������ 02/28/22 Sullivan �������������������������� 02/28/22 Bankruptcies Lien & Attachments Foreclosure, Mortgagee & Other Lien Auctions Requests for Bids & Proposals
1,200 1200 1,000 1000 800 800 600 600
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Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May June June July Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Jan. Jul Aug. ’21
’22
Number 1200 of 1,200 Sales 1100 1,100 1000 1,000 900 900 800 800 700 700 600 600
Continued on Page 11
Jan. Jan. ’17
Jan. Jan. ’18
Jan. Jan. ’19
Jan. Jan.
’20
Jan. Jan. ’21
Jan. Jan. ’22
Jan. 2017 Jan. 2018 Jan. 2019 Jan. 2020 Jan. 2021 Jan. 2022
Number of Sales
Change Prior Year
1,008 965 790 846 760 747
14.42% -4.27% -18.1% 7.09% -10.17% -1.71%
q Statistics based on single-family home sales of $1,000 q Source: The Warren Group
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