Vol.41, No.45
www.thewarrengroup.com
W E E K O F M O N D A Y, N O V E M B E R 1 1 , 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
SPRING LENDING MARKET
Londonderry 5 JACKS BRIDGE RD. . . . . . . . . . . . . . . . . . . . . . . . . $40,500,000 B: AGNL Pane LLC S: Harvey Propco LLC Mtg: Citi Real Estate Fund 160,000,000
Plaistow 5-11 PLAISTOW RD. . . . . . . . . . . . . . . . . . . . . . . . . . $20,000,000 B: Plaistow Center LLC S: Taurus Plaistow Investors LP Mtg: CIBC Inc $15,000,000
Goffstown
Low Inventories Continue to Affect Mortgage Seekers Year’s Slow Start Disappeared as Mortgage Rates Dropped BY DIANE MCLAUGHLIN THE REGISTRY REVIEW STAFF
L
99 EDDY RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,200,000 B: Agree LP S: 99 Eddy Road LLC
ow housing inventories throughout much of the state continued to affect the mortgage market, with lenders seeing strong activity later in the spring while buyers had to compete for available homes. “The inventory for realtors and buyers is still very, very light,” said Sheila Walter, a mortgage loan officer with Holy Rosary Credit Union in Rochester. “It’s definitely still a seller’s market, and we’ve seen that for the last few years.” The state’s housing shortage has left firsttime homebuyers struggling to find homes, and lower interest rates have spurred existing homeowners into seeking alternatives to a new home, including refinancing to pay for home improvements and even building what they’re not able to buy.
Nashua
$3B in Mortgages
172 SAINT ANSELMS DR . . . . . . . . . . . . . . . . . . . . . $12,000,000 B: Anselm Ventures LLC S: Merchant Highwood LLC Mtg: Greystone Servicing $11,079,750 Use: Apartment Bldg - 9 + Units, Lot: 420350sf
Nashua 90 NORTHEASTERN BLVD. . . . . . . . . . . . . . . . . . . . . . $9,900,000 B: AGNL Pane LLC S: Harvey Propco LLC Mtg: Citi Real Estate Fund 160,000,000 Use: Industrial Warehouse, Lot: 699574sf
Manchester 334 E INDUSTRIAL PARK DR . . . . . . . . . . . . . . . . . . . $7,700,000 B: AGNL Pane LLC S: Harvey Propco LLC
Salem 4-B RAYMOND AVE. . . . . . . . . . . . . . . . . . . . . . . . . . . $5,900,000 B: AGNL Pane LLC S: Harvey Propco LLC Mtg: Citi Real Estate Fund 160,000,000 Use: Industrial Office Building, Lot: 309276sf
Manchester
15 TRAFALGAR SQ U:II. . . . . . . . . . . . . . . . . . . . . . . . $4,185,000 B: Shri Nilkanth LLC S: BSP Cotton Road LLC Mtg: Peoples United Bank $2,850,000 Use: Office Condo Unit
Jackson 40 THORN HILL RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $3,200,000 B: MBC Assoc LLC S: Luxury Inn Collection LLC Mtg: Northway Bank $1,600,000 Use: Commercial Building, Lot: 243500sf
New Hampshire had $2.95 billion in mortgage activity for single-family homes from January through June 2019, about 2.6 percent more compared to the same time period last year, according to The Warren Group, publisher of The Registry Review. There were slightly fewer single-family mortgages in the
REAL ESTATE RECORDS
450
3 Belknap ���������������������������� 10/29/19 4 Carroll ���������������������������� 10/29/19 4 Cheshire ������������������������ 10/29/19 5 Coos �������������������������������� 10/29/19 5 Grafton ���������������������������� 10/29/19 6 Hillsborough ������������������ 10/29/19 9 Merrimack ���������������������� 10/29/19 10 Rockingham ������������������ 10/29/19 12 Strafford ������������������������ 10/29/19 13 Sullivan �������������������������� 10/29/19 13 Bankruptcies 13 Lien & Attachments 14 Foreclosure, Mortgagee & Other Lien Auctions 14 Requests for Bids & Proposals
300 150 150 00
Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May Sept. May June June July July Aug. Aug. Sept. Sept. ’18
’19
Number 600 of Sales 600 450 450 300 300
150 150 00
Sept.
Sept. Sept. Sept. Sept. Sept. Sept. Sept. Sept. Sept. Sept. Sept. ’14 ’15 ‘16 ’17 ’18 ’19
Continued on Page 16
TO OUR READERS
T
750 750 600
TRANSACTIONS THRU
924 single-family loans from January through June 2019 were for nonpurchase activity. The top loan originator for January through June was Jay Vogel, branch manager of Residential Mortgage Services in Nashua. He said 2019 will end as a record year for his firm, but it did not start out that way. RMS saw little mortgage activity in the first few months of the year, Vogel said.
Number of Condo Sales
INDEX PG COUNTY
first six months of 2019, 12,578 compared to 12,740 during the same time last year. About 53 percent of the single-family mortgages involved nonpurchase activity, with 6,725 loans worth $1.33 billion. Purchase activity accounted for 5,853 loans and $1.62 billion. The top lender for single-family homes during the first six months of 2018 and 2019 was Quicken Loans. About 72 percent of Quicken’s
New Hampshire Market Statistics
Portsmouth 240 WEST RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,000,000 B: AGNL Pane LLC S: Harvey Propco LLC Mtg: Citi Real Estate Fund 160,000,000 Use: Industrial Warehouse, Lot: 135036sf
With the inventory of houses for sale very tight across New Hampshire, lower interest rates spurred existing homeowners to turn to refinancings to pay for additions instead of buying bigger homes.
Year
Number of Sales
Change Prior Year
Sept. 2014 Sept. 2015 Sept. 2016 Sept. 2017 Sept. 2018 Sept. 2019
466 495 467 526 465 530
9.13% 6.22% -5.66% 12.63% -11.60% 13.98%
q Statistics based on condominium sales over $1,000 q Source: The Warren Group
©2019 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.
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