Vol.42, No.11
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W E E K O F M O N D A Y, M A R C H 1 6 , 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
C O R O N AV I R U S C O N C E R N S
Rochester ROCHESTER HILL RD . . . . . . . . . . . . . . . . . . . . . . . . $29,709,066 B: FMH Health Services LLC S: Frisbie Memorial Hospital 0 WHITEHALL RD U:3B1& 3B2. . . . . . . . . . . . . . . . . $11,531,000 B: FMH Health Services LLC S: Frisbie Foundation 13 HEALTHCARE DR. . . . . . . . . . . . . . . . . . . . . . . . . . $7,250,000 B: FMH Health Services LLC S: Dew Frisbie ASC LLC Use: Office Bldg-medical, Lot: 174240sf
Portsmouth
Industry Prepared for COVID-19 Outbreak in New Hampshire Remote Work Tools Help, but Consumer Fears a Concern BY MARIYA MANZHOS SPECIAL TO THE REGISTRY REVIEW
35 GOSLING RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,750,000 B: Portsmouth Enterprises LLC S: G6 Hospitality Property LLC Mtg: Digital FCU $3,712,500 Use: Hotel, Lot: 142877sf 1 RAYNES AVE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$4,000,000 B: 1 Raynes Ave LLC S: Robert Mcguire Jr Tr, Tr for Horizon T Mtg: Bangor Savings Bank $2,500,000 Use: Gymnasium, Lot: 35240sf
Stoddard 541 MOUNT STODDARD RD. . . . . . . . . . . . . . . . . . . . $2,494,000 B: Tosh T Hall S: Peter D Cahill Tr, Tr for Cahill FT Mtg: Bank of New Hampshire $1,647,000 Use: 1 Bdrm Contemporary, Lot: 261360sf 415 MOUNT STODDARD RD. . . . . . . . . . . . . . . . . . . . $2,494,000 B: Tosh T Hall S: Peter D Cahill Tr, Tr for Cahill FT Use: 4 Bdrm Contemporary, Lot: 1089000sf
Portsmouth 175 MARKET ST U:302. . . . . . . . . . . . . . . . . . . . . . . . $2,200,000 B: Melissa R Foy Tr, Tr for Melissa R Foy RET S: Eport Properties 1 LLC Mtg: Piscataqua Svgs Bk NH $750,000 Use: Condo
Wolfeboro 21 VIEWPOINT DRIVE. . . . . . . . . . . . . . . . . . . . . . . . . $2,200,000 B: Christopher Edwards & Kasey Edwards S: Leslie F Beckwith 3rd Tr, Tr for GSR T
Portsmouth 132 MIDDLE ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 B: Mac Properties 134 Middle St LLC S: 132 Middle Street LLC Mtg: Kennebunk Svgs Bank $2,600,000 Use: Apartment Bldg - 9 + Units, Lot: 5360sf 134 MIDDLE ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,250,000 B: Mac Properties 134 Middle S: 134 Middle Street LLC Mtg: Kennebunk Svgs Bank $2,600,000 Use: Mixed Use-prim Comm & Resd, Lot: 5627sf
Weare
W
ith four cases of the coronaviruscaused COVID-19 illness confirmed in the state as of The Registry Review’s deadline, real estate businesses and financial institutions are preparing contingency plans, from restocking hand sanitizer to making sure business operations can keep running should workers need to work remotely amid the escalating threat of the virus. For most real estate businesses, remote workflows are nothing new – most agents work remotely on a regular basis using videoconferencing, iPads and phones for document signing. “They can take a listing from contract to close without having to be in the office,” said Kevin Tengan, Vice President of Marketing at Berkshire Hathaway Services Verani Realty, which employs about 600 agents located throughout New Hampshire, Northern Massachusetts and Maine. The staff usually working in the office, like accountants and other support staff, would also be able to work from home through installed virtual private networks (VPNs) in the case of a quarantine, according to Staige Davis, CEO of Four Seasons Sotheby’s International Realty. “We’re long ways away from that, but we’re thinking about how to make that work,” he said. But some worry how the outbreak may impact the physical visits and interactions between agents and customers that precede a
INDEX
$300,000 300000
TRANSACTIONS THRU
3 Belknap �������������������������� 03/03/20 4 Carroll ���������������������������� 03/03/20 4 Cheshire ������������������������ 03/03/20 5 Coos �������������������������������� 03/03/20 5 Grafton ���������������������������� 03/03/20 6 Hillsborough ������������������ 03/03/20 8 Merrimack ���������������������� 03/03/20 9 Rockingham ������������������ 03/03/20 11 Strafford ������������������������ 03/03/20 12 Sullivan �������������������������� 03/03/20 12 Bankruptcies 13 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals
influence the buying behavior in a very targeted way,” Berkshire Hathaway’s Tengan said. With targeted digital marketing strategies, he said, the company is still able to reach potential buyers. “It’s not just having an open house,” said Tengan. Davis said he’d seen buyers purchase a home after a tour via FaceTime. But so far, the housing market Four Season’s area along the Vermont and New Hampshire border hasn’t reacted yet to the coronavirus.
$280,000 280000 $260,000 260000 $240,000 240000
Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May June June July July Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec Jan. Jan. Jan. ’19
’20
Number 300000 of Sales $300,000 250000 $275,000 200000 $250,000 150000 $225,000 100000 $200,000
Jan.
Jan. ’16
Jan.
Jan. ’17
Jan.
Jan. ’18
Jan.
Jan. ’19
Jan.
Jan. ’20
Continued on Page 16
TO OUR READERS
T
Single-Family Median Sales Price $320,000 320000
REAL ESTATE RECORDS
closing. Sellers may not want to expose their homes to strangers tromping through and buyers may be reluctant to come out to see houses. The brokerage has already seen a couple showing cancellations, said Davis. “I worry about when we have a closing coming up – are we going to have home inspections? Are the appraisers going to get in the houses?” he said. But today marketing tools in real estate have expanded beyond the old traditional showing. “We have a marketing strategy that is designed to expose a home to as many buyers and
NEW HAMPSHIRE MARKET STATISTICS
285 S STARK HWY . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,150,000 B: AHFC LLC S: Fifth Century LLC Mtg: Bank of New Hampshire $920,000 Use: Commercial Building, Lot: 804118sf
PG COUNTY
While many businesses have the capability to let their employees work from home, public concern over the spread of COVID-19 could impact closings and other elements of home sales.
Year
Median Price
Change Prior Year
Jan. 2016
$207,000
4.8%
Jan. 2017
$230,000
11.11%
Jan. 2018
$240,533
4.58%
Jan. 2019
$260,000
8.09%
Jan. 2020
$276,000
6.15%
q Statistics based on single-family home sales of $1,000 q Source: The Warren Group
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he Registry Review is online! After more than 40 years as a printed newspaper, all of the real estate information you rely on is now available at www.theregistryreview.com. (There are no plans to cease publication of the newspaper.) All current subscribers have complimentary access to the website. When you first visit the site, please click the “forgot password” button to set up your account. If you have any problems please call or email customer service at 617-896-5388 or customerservice@thewarrengroup.com. If you have any feedback or would like to contribute content, please email editorial@ thewarrengroup.com. Sincerely, Cassidy Norton Associate Publisher The Warren Group