Vol.44, No.30
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W E E K O F M O N D A Y, J U LY 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
JUNE HOME SALES
Manchester 777 S WILLOW ST UNIT 1. . . . . . . . . . . . . . . . . . . . . $13,225,000 B: R K Manchester LLC S: South Willow EDF LLC Use: Condo
Lincoln 0 MAIN ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,200,000 B: Rapids At South Peake LLC S: Lincoln S Mtn Partners Mtg: Lincoln South Mtn Par $1,500,000
Moultonboro
Inventory Creeps Up as Sales Tallies Fall Affordability Index Hits Lowest Reading Since 2005 BY JAMES SANNA REGISTRY REVIEW STAFF
285 LONG POINT RD. . . . . . . . . . . . . . . . . . . . . . . . . . $3,670,000 B: Alpine Spirit LLC S: Marie A Skowron Tr, Tr for R A Skowron Grantor T
Meredith 26 LOVEJOY LN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,395,000 B: Thomas B Ferrante Tr, Tr for Thomas B Ferrante RET S: Margaret M Kreitler
Hampton Falls 33 LINDEN RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,450,000 B: Robert C Boucher Jr S: Daniel J Slottje Mtg: UBS Bank USA $1,840,000 Use: 4 Bdrm Contemporary, Lot: 335412sf
Hanover 33 E WHEELOCK ST. . . . . . . . . . . . . . . . . . . . . . . . . . .$2,250,000 B: Julie J Levenson S: Mark N Franklin & Julie S Franklin Mtg: Bar Harbor Bk & Tr $1,687,500 Use: 4 Bdrm Conventional, Lot: 17424sf
Portsmouth 111 GATES ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,950,000 B: Zachary Dombrowski & Meghan Black S: Gino A Francavilla Tr, Tr for Francavilla Family RET Mtg: Homebridge Financial $1,400,000 Use: 3 Bdrm Antique, Lot: 5208sf
Nashua 33 1/2 MANCHESTER ST . . . . . . . . . . . . . . . . . . . . . . $1,737,533 B: 39 Manchester St Rlty LLC S: Lynn P Bankowski 35-39 MANCHESTER ST. . . . . . . . . . . . . . . . . . . . . . . $1,737,533 B: 39 Manchester St Rlty LLC S: Lynn P Bankowski Mtg: Enterprise Bk & Tr Co $1,355,250 Use: Apartment Bldg - 4-8 Units, Lot: 45738sf
Hanover
N
ew Hampshire’s inventory of sing le-fami ly homes rose on a yearover-year basis in June as home prices hit another record high. The statewide median sale price in June was $440,500 according to The Warren Group, publisher of The Registry Review. That’s nearly double what it was in June 2013 and a 47 percent increase from June 2019.
The median household income in New Hampshire was only 70 percent of what would be necessary to qualify for the medianpriced home in June. Statewide, there were 1,356 single-family sales, a 9 percent drop year-over-year and 21 percent down from the number of homes sold in June 2019. Year-to-date, 5,232 single-family homes
354 DOGFORD RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,630,000 B: Joseph R Murphy 3rd & Martha T Murphy S: Penny M Klotz Use: 4 Bdrm Cape Cod, Lot: 342817sf
500
450
INDEX
400
REAL ESTATE RECORDS
3 3 4 4 5 5 7 8 9 9 10 10 10 10
est mark since January 2005, the association reported, showing that the median household income in New Hampshire was only 70 percent of what would be necessary to qualify for the median-priced home in June. That figure is a roughly 31 percent drop from the same time last year. A recent study by Harvard University housing researchers found that those buying in the Manchester metro would need to pull down $122,899 to make the median home there work with mortgage terms commonly used by first-time buyers – a 3.5 percent down payment on a 30-year, fixed-rate loan
Number of Condo Sales
N SHORE RD...........................................$1,625,000 B: Amy D Brar Tr, Tr for Amy D Brar RET S: Daniel W Schmid Tr, Tr for W F Schmid 1992 T
COUNTY
have been sold statewide, at a median sale price of $410,000. It’s the first time either the state’s monthly median sale price or the yearto-date median sale price has hit these levels. They come as the average interest rate on a 30-year, fixed-price home mortgage rose from 5.09 percent to 5.81 percent in mid-June, before ending the month at 5.7 percent, according to Freddie Mac’s weekly survey. The increase could be seen in the pending sales count reported by New Hampshire Association of Realtors: from 2,038 single-family homes that went under contract in June 2021 to 1,725 in June of this year. The NHAR Affordability Index hit its low-
New Hampshire Market Statistics
New Durham
PG
The statewide median sale price hit $440,500 in June, while a key measure of affordability sank to its lowest ebb yet.
TRANSACTIONS THRU
Belknap �������������������������� 07/08/22 Carroll ���������������������������� 07/08/22 Cheshire ������������������������ 07/08/22 Coos �������������������������������� 07/08/22 Grafton ���������������������������� 07/08/22 Hillsborough ������������������ 07/08/22 Merrimack ���������������������� 07/08/22 Rockingham ������������������ 07/08/22 Strafford ������������������������ 07/08/22 Sullivan �������������������������� 07/08/22 Bankruptcies Lien & Attachments Foreclosure, Mortgagee & Other Lien Auctions Requests for Bids & Proposals
350 300 250 200
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June July July Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jann Jan. Feb. Feb. Mar. Mar. April Apr. May May June June June ’21
’22
Number 650 650 of Sales 600 600 550 550 500 500 450 450
400 400
Continued on Page 12
June June June June ’17 ’18
June June ’19
June June ‘20
June June ‘21
June June ‘22
Year
Number of Sales
Change Prior Year
June 2017 June 2018 June 2019 June 2020 June 2021 June 2022
598 575 540 466 483 440
11.36% -3.85% -6.09% -13.70% 3.65% -8.90%
q Statistics based on condo sales of more than $1,000 q Source: The Warren Group
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