The Registry Review: April 4, 2022

Page 1

Vol.44, No.14

www.thewarrengroup.com

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processes, $60 million in grants for multifamily housing projects, and $10 million split between the demolition of outdated developments and zoning updates to encourage development.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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