The Registry Review: April 25, 2022

Page 1

Vol.44, No.17

www.thewarrengroup.com

W E E K O F M O N D A Y, A P R I L 2 5 , 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

SPRING HOME SALES

Q1 a Rough One for NH Housing Market

Newington

45 GOSLING RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 104,000,000 B: RPT Crossings LLC S: SBAF Running Fox Inc Use: Mixed Use-prim Comm & Other, Lot: 2537370sf

Raymond

41 CHESTER RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,900,000 B: Safari Const Mgmt LLC S: Mardan Inv Group LLC Mtg: Enterprise Bk & Tr Co $2,730,000 Use: Mixed Use-prim Res & Forest, Lot: 3935646sf

Carroll County Sees 30 Percent Price Jump BY JAMES SANNA

Windham

REGISTRY REVIEW STAFF

N

ew Hampshire’s housing market is off to another tough start as a shortage of inventory keeps plaguing the state. As the average interest rate on a 30-year loan crept closer to 5 percent last month, statewide first-quarter single-family home sales fell 11 percent on a year-over-year basis, to 2,007. Among condominiums over the same period, that figure plummeted 21 percent, to 751.

7 WALL ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,200,000 B: 7 Wall St LLC S: Dakk RT LLC Mtg: Enterprise Bk & Tr Co $2,400,000 Use: Office Bldg-general, Lot: 199940sf

Manchester

1053 ELM ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,900,000 B: 1053 Elm Street LLC S: ROI Enterprises inc Mtg: Bangor Savings Bank $2,320,000 Use: Retail-any, Lot: 3300sf

Hanover

17 N BALCH ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,700,000 B: Greylet LLC S: John D Birkmeyer & Nancy J Birkmeyer Use: 4 Bdrm Colonial, Lot: 16553sf

Bow

33 QUIMBY RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,210,000 B: Joan Herrington Tr, Tr for Reagan T S: Kyla Hamel Tr, Tr for Edward A Knight Jr RET Use: 2 Bdrm Ranch, Lot: 243936sf 11-15 S BOW DUNBARTON RD. . . . . . . . . . . . . . . . . . $2,210,000 B: Joan Herrington Tr, Tr for Reagan T S: Kyla Hamel Tr, Tr for Edward A Knight Jr RET Use: Forest Use-christmas Trees, Lot: 1546380sf

New listings continue to be conspicuous by their absence across the state.

Meredith

65 PLEASANT ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 B: Mary F Best & William E Crawford S: Bart W Jeffreys Tr, Tr for Blanche Wiener 1996 RET Use: 2 Bdrm Contemporary, Lot: 16196sf

The bulk of the missing single-family sales was found in Carroll, Grafton and Hillsborough counties. Together, the three saw a 197home drop-off from last year, 78 percent of the statewide year-over-year decline for the first quarter. Among condos, the shortfall was most acute in Rockingham (96-unit decline) and Grafton (44-unit decline).

Wolfeboro

149 NARY SHORE RD. . . . . . . . . . . . . . . . . . . . . . . . . $1,795,000 B: Matthew N Rhyner & Corinne K Rhyner S: Curtin Violet A Est & Beth A Bysheim Mtg: Baxter CU $1,615,500 Use: 4 Bdrm Conventional, Lot: 20038sf

Alton

24 NOTLA LANE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,753,533 B: Peter Gailey & Lori Gailey S: Michael T Elithorpe Tr, Tr for Elithorpe Fam ReT

7000 7,000

7000

6000 6,000

INDEX Belknap �������������������������� 04/08/22 Carroll ���������������������������� 04/08/22 Cheshire ������������������������ 04/08/22 Coos �������������������������������� 04/08/22 Grafton ���������������������������� 04/08/22 Hillsborough ������������������ 04/08/22 Merrimack ���������������������� 04/08/22 Rockingham ������������������ 04/08/22 Strafford ������������������������ 04/08/22 Sullivan �������������������������� 04/08/22 Bankruptcies Lien & Attachments Foreclosure, Mortgagee & Other Lien Auctions Requests for Bids & Proposals

3000 2000 1000 0

MarchApril May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. Mar.

2,000 2000

Continued on Page 12

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

1,000 1000

00

Mar. April Apr. May May June June July July Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. March ’21

6000 5000 4000 3000 2000 1000

Mar. 18

Purchase

4000

3,000 3000

7000

0

Refinance

5000

4,000 4000

TRANSACTIONS THRU

Both

6000

5,000 5000

REAL ESTATE RECORDS

3 3 4 4 5 5 7 7 9 9 10 10 10 10

market, NHAR said, a 35 percent drop-off from last March. With homes in such short supply, prices continued to rise by double-digit percentages according to The Warren Group, publisher of The Registry Review. Statewide, the year-to-date median singlefamily sale price is $380,000, up 17 percent from the first quarter of 2021. The median condo sale price is up 14 percent, to $285,000.

Number of Mortgages for Single-Family Homes

77 HORIZON DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,700,000 B: Graham W Cullen & Rachel L Epstein S: National Res Nominee Svcs Mtg: TD Bank NA $1,381,346 Use: 4 Bdrm Colonial, Lot: 91476sf

COUNTY

New listings continue to be conspicuous by their absence across the state, the New Hampshire Association of Realtors reported. Only 2,935 single-family homes have hit the market so far this year, the association said, a 15.7 percent drop-off from last year’s already-low levels. Among condos, that decline was 9.6 percent, to 1,122. Single-family inventory was just 1,134 last month, a 19.2 percent drop from the same month in 2021; only 293 condos were on the

NEW HAMPSHIRE MARKET STATISTICS

Bedford

PG

New single-family and condominium listings continue to be conspicuous by their absence across the state.

Mar. 19

Mar. 20

7000 7,000 6000 6,000 5000 5,000 4000 4,000 3000 3,000 2000 2,000 1000 1,000 00 Mar. 21

’22

BothMonth

Both Refinance

Refinance

Purchase

Mar. 18 Mar.

Mar. Mar.19

’18

’19

Mar. Mar.20

’20

Mar. Mar.21

Mar. Mar.22

’21

’22

Refinance

Both

Mar. 2018

833

1,618

2,451

Mar. 2019

821

1,396

2,217

Mar. 2020

880

3,065

3,945

Mar. 2021

735

5,625

6,360

Mar. 2022

598

2,852

3,450

Purchase

Mar. 22

Purchase

❑ Statistics based on single-family home sales ❑ Source: The Warren Group

©2022 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.

Send submissions for consideration to

editorial@thewarrengroup.com.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.