The Registry Review: May 16, 2022

Page 1

Vol.44, No.20

www.thewarrengroup.com

W E E K O F M O N D A Y, M A Y 1 6 , 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

S TAT E P O L I T I C S

Whitefield 101 MOUNTAIN VIEW RD . . . . . . . . . . . . . . . . . . . . . $24,225,000 B: Mountain Grand Hotel Owner LLC S: Mountain Vw Grand Hldg Co LLC Mtg: Ows Bca Funding LLC $18,200,000 Use: Commercial Use, Lot: 821542sf

Hollis 6+6A ANN ST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,000,000 B: Hollis Pines Coop Inc S: Pitarys Homes Inc

Moultonboro

Sununu Housing Grants OK’d, Development Bill Tabled Mixed Results for Marquee Housing Initiatives BY ETHAN DEWITT NEW HAMPSHIRE BULLETIN

91 CHRISTMAS TREE LN. . . . . . . . . . . . . . . . . . . . . . .$3,960,000 B: Michael Medici S: Christopher F Swenson Mtg: First Republic Bk $2,574,000 Use: 1 Bdrm Contemporary, Lot: 87120sf

Peterboro 165 WILTON RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,800,000 B: Scioto Properties SP-16 LLC S: Robin Hill RE Hldg LLC 52 SUMMER ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,800,000 B: Scioto Properties SP-16 LLC S: Robin Hill RE Hldg LLC

Deering 63 DONOVAN RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,800,000 B: Scioto Properties SP-16 LLC S: Robin Hill RE Hldg LLC Use: 5 Bdrm Colonial, Lot: 679536sf 55 DONOVAN RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,800,000 B: Scioto Properties SP-16 LLC S: Robin Hill RE Hldg LLC Use: Commercial Building, Lot: 792792sf

Hillsboro 93 PRESTON ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,800,000 B: Scioto Properties SP-16 LLC S: Robin Hill RE Hldg LLC Use: 4 Bdrm Ranch, Lot: 55757sf

Moultonboro 29 LOON SONG LANE . . . . . . . . . . . . . . . . . . . . . . . . . $3,200,000 B: Fred M Stern & Linda Klane-Stern S: Karen N Tomb Tr, Tr for Karen N Tomb RET

Dover 1 CULLEN BAY RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,195,066 B: Dover House LLC S: Bruce S Lander Tr, Tr for Bruce S Lander 2009 T

Wolfeboro

G

ov. Chris Sununu’s efforts to boost housing production are turning in a mixed scorecard at the State House. The New Hampshire House voted to table a major overhaul of zoning requirements May 5, dealing a blow to an effort by Sununu and housing advocates to speed up development in the state. However, the Executive Council signed off on a program May 4 that would distribute $100 million in federal funding toward workforce housing efforts. Voting 4-1, the council approved the program two weeks after tabling it over a lack of details and the absence of safeguards for affordable housing.

Zoning Reform Sought Faster Permitting In a narrow 170-159 vote, the House laid Senate Bill 400 on the table, cutting off the possibility of extensive debate. “This bill would effectively destroy local zoning,” argued Rep. Kurt Wuelper, a Strafford Republican, in final remarks ahead of the vote. “This bill would force – ‘encourage’ – many districts in our state to enact, to allow development in contravention of their master plans.” Rep. Karen Umberger, a Conway Republican, spoke in favor of the bill. “We had teachers in my school district that couldn’t find a

224 MCMANUS RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $2,125,000 B: Deborah J Moritz Tr, Tr for Rabson Moritz FT S: Douglas K Rhodes TR, Tr for Rhodes Thayer T 2017 Use: Condo

Number of Condo Sales

3 3 4 4 5 6 8 9 10 10 11 11 11 11

500

400

REAL ESTATE RECORDS COUNTY

ing zoning boards to approve or disapprove of an application within 90 days in most cases. But in a divided vote last week, the House Municipal and County Affairs Committee opted to advance an amendment that would modify some key provisions of the bill and add on unrelated bills. The committee tacked on legislation to allow voters to impose budget caps over their school districts, a measure to ban municipal mask mandates, and an amendment to reduce the responsibilities of town health officials and remove their authority over pandemic responses.

450

INDEX PG

place to live and had to not accept a job,” she said. “Policemen, the firemen, the municipal workers cannot afford the housing in many of our communities, mine included.” As originally proposed by Sen. Jeb Bradley, a Wolfeboro Republican, SB 400 would have included a number of regulatory changes to either incentivize or require towns to speed up permitting processes for new developments. Those changes included requiring a city or town to offer the same incentives for workforce housing that it does for housing for older residents, requiring a land-use board to give detailed written “findings of fact” explaining why it rejected a development proposal, and requir-

New Hampshire Market Statistics

Concord LOUDON RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,950,000 B: GR Concord Land LLC S: HDC 192 Loudon Road LLC

Republican-led state legislators gutted and then effectively voted down a major bill aimed at boosting housing production in New Hampshire, while a separate, more modest effort won passage.

TRANSACTIONS THRU

Belknap �������������������������� 04/29/22 Carroll ���������������������������� 04/29/22 Cheshire ������������������������ 04/29/22 Coos �������������������������������� 04/29/22 Grafton ���������������������������� 04/29/22 Hillsborough ������������������ 04/29/22 Merrimack ���������������������� 04/29/22 Rockingham ������������������ 04/29/22 Strafford ������������������������ 04/29/22 Sullivan �������������������������� 04/29/22 Bankruptcies Lien & Attachments Foreclosure, Mortgagee & Other Lien Auctions Requests for Bids & Proposals

350 300 250 200

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

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

’22

Number 400 400 of Sales 350 350 300 300 250 250

200 200

Continued on Page 12

Mar. Mar. ’17

Mar. Mar. ’18

Mar. Mar. ’19

Mar. Mar. ‘20

Mar. Mar. ‘21

Mar. Mar. ‘22

Year

Number of Sales

Change Prior Year

Mar. 2017 Mar. 2018 Mar. 2019 Mar. 2020 Mar. 2021 Mar. 2022

319 371 338 370 332 295

-3.33% 16.3% -8.89% 9.47% -10.27% -11.14%

q Statistics based on condo sales of more than $1,000 q Source: The Warren Group

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