Vol.44, No.17
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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
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