Vol.44, No.26
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W E E K O F M O N D A Y, J U N E 2 7 , 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
M O N T H LY H O M E S A L E S
Keene 175 KEY RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,900,000 B: Swami Shree LLC
Key Markets See Significant Softening Key Indicators of Overheated Market Cool in Southeast
S: Jhm Hix Keene LLC Mtg: BayCoast Bank $3,250,000 Use: Commercial Use, Lot: 81457sf
BY JAMES SANNA
Meredith
REGISTRY REVIEW STAFF
H
36 DALE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,995,000
ousing markets across the country may be slumping, and in New Hampshire’s busiest markets, indicators suggest demand is now as soft or softer than it
B: Benjamin V Beckman & Danielle Beckman S: Paul J Gaudet Tr, Tr for Gaudet Family ReT
Tuftonboro 5 HAVERHILL ACRES RD. . . . . . . . . . . . . . . . . . . . . . . $3,250,000 B: Eric Belcher & Christina Belcher S: Darlene M Seaton & Jay S Seaton
Durham 1 KATHLEEN WAY. . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,425,000 B: Macgregor Prop 2 LLC S: KJB Investments LLC Mtg: Bank of New Hampshire $1,880,000 Use: Residential-multiple Bldgs, Lot: 227858sf
Peterboro JAFFREY RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,300,000 B: Timothy W Steele Tr, Tr for Tim & Elizabeth Steele RET S: Marcia Salera Tr, Tr for Marcia Salera RET
Allenstown 286 PINEWOOD RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 B: 738 NH 16 LLC S: Victor Perin & Randy Perin Mtg: Merrimack Cnty SB NH $1,000,000 Use: Mixed Use-prim Comm & Other, Lot: 95832sf
Meredith 48 PEASE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,675,000 B: Robert Murphy S: Kimberly W Dey Tr, Tr for Kimberly W Dey RET Use: 4 Bdrm Contemporary, Lot: 163350sf
Hanover 2 DUNSTER DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,570,000 B: Kathleen S Briscoe Tr, Tr for Kathleen S Briscoe T S: John C Stahler & Lynne S Stahler
was in 2019. The shift comes as yet another statewide home price record was set last month despite continually dropping sales totals. The year-to-date statewide median singlefamily sale price hit $400,000 in May over 3,871 sales, an all-time high for the median price and a 10 percent year-over-year drop in year-to-date home sales according to The Warren Group, publisher of The Registry Review. It’s also the slowest pace for home sales through May 31 of any year since the Great Recession. In May, alone, 1,072 single-family homes sold at a median price of $435,067. The sales total represents a 5.7 percent drop over May 2021, and a 29.7 percent drop over May 2019, when the monthly median single-family sale price was $285,000. Bidding wars are still evident in data reported by the New Hampshire Association of Realtors, with the average single-family home receiving 105.2 percent of its list price in May, compared to 104 percent in the same month last year. Among condos, that figure jumped
Use: 2 Bdrm Contemporary, Lot: 23522sf
Windham 25 FARRWOOD RD . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,525,000 B: Joanne Poon Tr, Tr for Poon Ouh Family RET
Over the course of May, indicators emerged that suggest the state’s housing market is being rapidly cooled by rising interest rates. According to Freddie Mac, the average rate on a 30-year, fixed-price loan rose from 4.67 percent in the seven days ending March 31 to 5.3 percent for the seven days ending May 16 before jumping again to 5.78 percent for the seven days ending June 16. National Association of Realtors Chief
Single-Family Sales By Month 1,500 1500
INDEX
1,300 1300
REAL ESTATE RECORDS
3 3 4 4 5 5 7 8 9 10 10 10 10 10
Southeast Sees Cooling
Economist Lawrence Yun said in a statement following the Federal Reserve’s June interestrate decision that that this year’s jumps in the average interest rate on a 30-year, fixed-rate home mortgage have sent the monthly payment on a hypothetical $300,000 loan up from 1,265 in December 2021 to $1,800 today. “That’s painful and, consequently, will shrink the buyer pool,” he said. “Home sales have recently been trending down towards 2019 figures. Sales could fall even further with some inventory sitting on the market for more than a month, like in the pre-pandemic days.
1,700 1700
S: Carol B Gross Tr, Tr for Carol B Gross LT
COUNTY
from 102.8 percent to 104.1 percent over the same period.
New Hampshire Market Statistics
Mtg: Wells Fargo Bank $1,256,000
PG
As prices continue to rise statewide, the number of home sales and signs of the red-hot market that’s plagued the state for two years are starting to fall.
TRANSACTIONS THRU
Belknap �������������������������� 06/10/22 Carroll ���������������������������� 06/10/22 Cheshire ������������������������ 06/10/22 Coos �������������������������������� 06/10/22 Grafton ���������������������������� 06/10/22 Hillsborough ������������������ 06/10/22 Merrimack ���������������������� 06/10/22 Rockingham ������������������ 06/10/22 Strafford ������������������������ 06/10/22 Sullivan �������������������������� 06/10/22 Bankruptcies Lien & Attachments Foreclosure, Mortgagee & Other Lien Auctions Requests for Bids & Proposals
1,100 1100 900 900 700 700 500 500
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May June June July July Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb Feb. Mar Mar. Apr Apr. May May May ’21
’22
Number 1800 of 1,800 Sales 1600 1,600 1400 1,400 1200 1,200 1000 1,000 800 800
Continued on Page 12
May May ’17
May May ’18
May May ’19
May May
’20
May May ’21
May May ’22
May 2017 May 2018 May 2019 May 2020 May 2021 May 2022
Number of Sales
Change Prior Year
1,646 1,577 1,525 1,003 1,137 1,072
2.75% -4.19% -3.3% -34.23% 13.36% -5.72%
q Statistics based on single-family home sales of $1,000 q Source: The Warren Group
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