Vol.41, No.33
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W E E K O F M O N D A Y, A U G U S T 1 9 , 2 0 1 9
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
REAL-TIME REVOLUTION
Nashua 10-12 CELINA AVE . . . . . . . . . . . . . . . . . . . . . . . . . . $25,000,000 B: GGC 10-12 Celina Ave LLC S: GPT Properties T Mtg: CIBC Inc $16,510,000 Use: Industrial Warehouse, Lot: 1056766sf
Seabrook 13 BATCHELDER RD. . . . . . . . . . . . . . . . . . . . . . . . . $10,200,000 B: Amber Seabrook Assoc LLC S: Sams RET Mtg: Enterprise Bk & Tr Co $12,880,500 Use: Mixed Use-prim Comm & Rec, Lot: 1741648sf
Manchester 122 & 200 MCGREGOR ST . . . . . . . . . . . . . . . . . . . . . $5,900,000 B: Catholic Medical Center S: PJC Manchester Realty LLC
Alton 128 SMITH POINT RD. . . . . . . . . . . . . . . . . . . . . . . . . $2,010,000 B: Amanda M Eisel & John H Becker S: Thomas C Pickett Tr, Tr for Thomas C Pickett RET Mtg: First Republic Bk $900,000 Use: 4 Bdrm Contemporary, Lot: 29185sf
Sunapee 87 LAKE AVE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,890,000 B: Carolyne I Gatesy Tr, Tr for Carolyne I Gatesy LT S: Patricia P Hall Tr, Tr for Patricia P Hall T
Windham 53 COBBETTS POND RD. . . . . . . . . . . . . . . . . . . . . . . $1,550,000 B: Scott M Harrington & Lori R Harrington S: Charles R Tomes Tr, Tr for Charles R Tomes RET
Kensington 255 SOUTH RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: Pinnacle Leadership Foundation S: Joseph Addario Sr Use: 5 Bdrm Contemporary, Lot: 514008sf
Meredith 24 HARRIS RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,400,000 B: Keith J Locke & Juliet C Locke S: Gregory L Dewitt Tr, Tr for Gregory L Dewitt 2008 FT Mtg: Northway Bank $1,120,000 Use: 2 Bdrm Contemporary, Lot: 23087sf
Laconia 149 HARGLEN LN . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,350,000 B: Kimberly Dirocco & Jody Smith S: Linda A Riely Tr, Tr for Linda A Riely RET Mtg: Bank of America NA $900,000 Use: 3 Bdrm Contemporary, Lot: 30492sf
New Castle 30 MAIN MAST CIR. . . . . . . . . . . . . . . . . . . . . . . . . . . $1,250,000 B: Shiv Kumar S: Michael Donovan Tr, Tr for Catherine Ann Donovan T Mtg: Bank of America NA $750,000 Use: 4 Bdrm Gambrel, Lot: 11413sf
Fed’s Real-Time Payment System Leaves Community Banks in a Bind Some Lenders Fear Concentration of Power by Big Banks BY JAMES SANNA REGISTRY REVIEW STAFF
W
ith access to a real-time payments system an important selling point for some business customers, Massachusetts’ community banks find themselves at a fork in the road following the Federal Reserve’s decision to launch its own payments network. Should they wait up to five years for a public alternative to The Clearing House’s real-time payments system to come online? Or should they jump on board with the only product out there right now for seamlessly transferring funds between accounts held by different banks, but risk giving the big banks that control TCH market power they may find hard to take back? The Federal Reserve announced last week it will develop a new, around-the-clock, realtime payment and settlement service, called FedNow, to support faster payments in the United States. The board anticipates FedNow will be available in 2023 or 2024. “Everyone deserves the same ability to make and receive payments immediately and securely, and every bank deserves the same opportunity to offer that service to its community,” Federal Reserve Board Governor Lael Brainard said in a statement. “FedNow will
For any bank leaders who feel they can’t wait any longer to offer real-time payments to their customers, The Clearing House’s twoyear-old product, the RTP Network, is hard to beat.
$280,000 280000 $260,000 260000 $240,000 240000 $220,000 220000
June July July Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May June June June ’18
’19
Number 320000 of Sales $320,000 270000 $270,000 220000 $220,000 170000 $170,000 120000 $120,000
June
June ’15
June
June ’16
June
June ’17
June
June ’18
June
June ’19
Continued on Page 20
TO OUR READERS
T
$320,000 320000
REAL ESTATE RECORDS
3 Belknap �������������������������� 08/06/19 4 Carroll ���������������������������� 08/06/19 5 Cheshire ������������������������ 08/06/19 6 Coos �������������������������������� 08/06/19 6 Grafton ���������������������������� 08/06/19 7 Hillsborough ������������������ 08/06/19 11 Merrimack ���������������������� 08/06/19 12 Rockingham ������������������ 08/06/19 15 Strafford ������������������������ 08/06/19 17 Sullivan �������������������������� 08/06/19 17 Bankruptcies 17 Lien & Attachments 18 Foreclosure, Mortgagee & Other Lien Auctions 18 Requests for Bids & Proposals
Rising Demand for Seamless Service
“The TCH pricing model is open, transparent and low. I think the Fed would have a harder time pricing lower,” Aite Group analyst Erkia Baumann told The Registry Review. The Clearing House is owned by the country’s largest commercial banks and settles nearly $2 trillion in U.S. dollar payments each day. It connects about 51 percent of the country’s demand deposit accounts and counts
Single-Family Median Sales Price $300,000 300000
TRANSACTIONS THRU
permit banks of every size in every community across the country to provide real-time payments to their customers.”
NEW HAMPSHIRE MARKET STATISTICS
INDEX PG COUNTY
The Federal Reserve’s real-time payments system, to be called FedNow, will face strong competition from The Clearing House’s two-year-old RTP Network once it eventually launches.
Year
Median Price
Change Prior Year
June 2015
$245,933
6.01%
June 2016
$249,000
1.25%
June 2017
$269,733
8.33%
June 2018
$280,000
3.81%
June 2019
$299,000
6.79%
q Statistics based on single-family home sales of $1,000 q Source: The Warren Group
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he Registry Review is online! After more than 40 years as a printed newspaper, all of the real estate information you rely on is now available at www.theregistryreview.com. (There are no plans to cease publication of the newspaper.) All current subscribers have complimentary access to the website. When you first visit the site, please click the “forgot password” button to set up your account. If you have any problems please call or email customer service at 617-896-5388 or customerservice@thewarrengroup.com. If you have any feedback or would like to contribute content, please email editorial@ thewarrengroup.com. Sincerely, Cassidy Norton Associate Publisher The Warren Group