Vol.44, No.14
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W E E K O F M O N D A Y, A P R I L 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
INVENTORY CRUNCH
Housing Advocates Excited for Sununu Plan – But Wary
Manchester VILLAGE CIRCLE WY. . . . . . . . . . . . . . . . . . . . . . . . . 121,501,000 B: Village Cir Way Owner LLC S: Merion Countryside LP Mtg: CBRE Capital Mkts Inc $85,983,000
Hampton 22-24 B ST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B: Triple A Realty LLC S: Ships Inn LLC & Captain Morgan Inn INC Use: Residential-multiple Bldgs, Lot: 10019sf 11 A ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B: Triple A Realty LLC S: Ships Inn LLC & Captain Morgan Inn INC Use: Motel, Lot: 4792sf 15 A ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B: Triple A Realty LLC S: Ships Inn LLC & Captain Morgan Inn INC Use: Motel, Lot: 6970sf 21 B ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B: Triple A Realty LLC S: Ships Inn LLC & Captain Morgan Inn INC Use: Parking Lot, Lot: 6534sf 19 B ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B: Triple A Realty LLC S: Ships Inn LLC & Captain Morgan Inn INC Use: Parking Lot, Lot: 6098sf 8-18 B ST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B: Triple A Realty LLC S: Ships Inn LLC & Captain Morgan Inn INC Use: Motel, Lot: 14810sf
$4,740,000
Governor Hopes to Tap ARPA Funds BY ETHAN DEWITT
$4,740,000
NEW HAMPSHIRE BULLETIN
A
ddressing lawmakers at his State of the State address in February, Gov. Chris Sununu pointed to one of the most pressing issues in the state: workforce housing. Then he presented a plan. New Hampshire should take advantage of one-time pandemic relief funds and set aside $100 million to encourage housing development, Sununu said. His proposal to lawmakers included $30 million to incentivize towns to speed up approval processes, $60 million in grants for multifamily housing projects, and $10 million split between the demolition of outdated developments and zoning updates to encourage development. “These investments are critical to ensuring New Hampshire is the No. 1 destination in New England,” Sununu said. “This housing is for workers and families who work in our communities, go to our schools, and contribute to our economy.” A month later, housing advocates are zeroing in on a word not specifically mentioned in the governor’s plan: affordability. And as lawmakers prepare to receive the governor’s formal proposal – expected to come before the Joint Legislative Fiscal Committee in April – advocates are urging the governor to center the program around that standard. “These multifamily housing developments
$4,740,000
$4,740,000
$4,740,000
$4,740,000
Hinsdale 10 DEPOT ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,375,000 B: Hinsdale Holdings LLC S: Andrew Shapiro Prop LLC & 18-22 Main St Property Assoc LLC, et al Mtg: NBT Bank NA $2,888,888 Use: Apartment Bldg - 9 + Units, Lot: 6970sf 18-22 MAIN ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,375,000 B: Hinsdale Holdings LLC S: Andrew Shapiro Prop LLC & 18-22 Main St Property Assoc LLC, et al Mtg: NBT Bank NA $2,888,888 Use: Apartment Bldg - 9 + Units, Lot: 13504sf 50 MAIN ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,375,000 B: Hinsdale Holdings LLC S: Andrew Shapiro Prop LLC & 18-22 Main St Property Assoc LLC, et al Mtg: NBT Bank NA $2,888,888 Use: Mixed Use-prim Res & Comm, Lot: 14375sf 20 BRATTLEBORO RD. . . . . . . . . . . . . . . . . . . . . . . . . $3,375,000 B: Hinsdale Holdings LLC S: Andrew Shapiro Prop LLC & 18-22 Main St Property Assoc LLC, et al Mtg: NBT Bank NA $2,888,888 Use: Apartment Bldg - 9 + Units, Lot: 19166sf 14 MAIN ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,375,000 B: Hinsdale Holdings LLC S: Andrew Shapiro Prop LLC & 18-22 Main St Property Assoc LLC, et al Mtg: NBT Bank NA $2,888,888 Use: Apartment Bldg - 9 + Units, Lot: 16234sf
$2,000 2000
INDEX
800
Both Refinance
600
$1,500 1500
REAL ESTATE RECORDS
3 3 4 4 5 5 7 8 9 9 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
Feb. Feb.18
’18
Refinance
Feb. 2018
$137
$244
$381
Feb. 2019 Purchase
$167
$214
$381
Feb. 2020
$172
$528
$700
Feb. 2021
$195
$1,245
$1,440
Feb. 2022
$172
$627
$799
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?
’22
1500 $1,500
1200
Continued on Page 12
Feb. Mar Mar. Apr Apr. May May June June July July Aug Aug. Sep Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb Feb. Feb ’21
1500
Oct. 17
200
$1,000 1000
1800
0
Purchase
400
0
TRANSACTIONS THRU
Belknap �������������������������� 03/18/22 Carroll ���������������������������� 03/18/22 Cheshire ������������������������ 03/18/22 Coos �������������������������������� 03/18/22 Grafton ���������������������������� 03/18/22 Hillsborough ������������������ 03/18/22 Merrimack ���������������������� 03/18/22 Rockingham ������������������ 03/18/22 Strafford ������������������������ 03/18/22 Sullivan �������������������������� 03/18/22 Bankruptcies Lien & Attachments Foreclosure, Mortgagee & Other Lien Auctions Requests for Bids & Proposals
nan, the executive director and director of policy and advocacy, respectively, at ABLE NH, a disability rights group, in an op-ed in the Concord Monitor last month. “We can’t simply build our way out of this crisis thinking that increasing the supply of market-rate housing will help the market overall,” the two wrote. At a press conference last month, Sununu said the housing proposal is meant to meet “lower-middle income” families. But the program is still being hammered out, he said.
Volume of Mortgages for Single-Family Homes
96 ASHWORTH AVE. . . . . . . . . . . . . . . . . . . . . . . . . . . $3,122,000 B: Nishat Inc S: Ninety Four Ashworth Ave LLC Use: Motel, Lot: 15246sf
COUNTY
need to be affordable to the workforce of the residents of New Hampshire,” said Elissa Margolin, director of Housing Action New Hampshire, in an interview. “What would failure look like?” she added. “I think failure would look like if these resources went to build really expensive places to live that already served people who have choice in the marketplace.” Some are less than optimistic. The lack of a mention of affordable housing is a “glaring omission” from the governor’s plan, wrote Lisa Beaudoin and Tim McKer-
New Hampshire Market Statistics
Hampton
PG
New Hampshire Fiscal Policy Institute found that 435,200 Granite Staters earn below 300 percent of the federal poverty guidelines – or 33 percent of the state, complicating the housing debate.
Feb. 19 Feb.
Feb. 20 Feb.
Feb. 21 Feb.
Feb. 22 Feb.
’19
’20
’21
’22
Both
❑ Dollar amounts in millions ❑ Source: The Warren Group ❑ Statistics based on single-family home sales
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