Vol.41, No.48
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W E E K O F M O N D A Y, D E C E M B E R 2 , 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
SALES SCUFFLE
Dover 5 SYLVAN DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $15,500,000 B: Sixth Dover Assoc LLC S: New Redden Gardnes Dev Co
Sunapee 38 BIRCH POINT RD . . . . . . . . . . . . . . . . . . . . . . . . . . $3,600,000 B: Christopher J Rimmer & Amanda M Ineko-Rimmer S: Negin Ewald Tr, Tr for Negin Ewald 2007 T Use: 5 Bdrm Contemporary, Lot: 56628sf
Rochester 287 ROCHESTER HILL RD. . . . . . . . . . . . . . . . . . . . . . $2,465,000 B: Sofield Apartments LLC S: Macardi LLC Mtg: Primary Bank $2,275,000 Use: Mixed Use-prim Res & Forest, Lot: 1960200sf
Durham 190 PISCATAQUA RD. . . . . . . . . . . . . . . . . . . . . . . . . . $1,750,000 B: Thomas J Daly Tr, Tr for Thomas J Daly RET S: Philip M Johnson & Nancy D Johnson Use: 3 Bdrm, Lot: 69696sf
Conway 2114 WHITE MOUNTAIN HWY. . . . . . . . . . . . . . . . . . . $1,700,000 B: North Conway Mountain Inn S: NCMI LLC Mtg: NCMI LLC $500,000 Use: Motel, Lot: 152024sf
New Castle 26 HARBOR VIEW. . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,475,000 B: Lawrence R Weil Tr, Tr for Lawrence R Weil T S: Nancy A Hicks Tr, Tr for Margaret J Brown RET
Windham 32 TURTLE ROCK RD. . . . . . . . . . . . . . . . . . . . . . . . . . $1,275,000 B: Ryan M Maclean & Brian Peirce S: John Alosso & Kathleen A Alosso Mtg: Metro Credit Union $1,020,000 Use: 3 Bdrm Contemporary, Lot: 12632sf
Lebanon NH ROUTE 10. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$1,200,000 B: Stenger Craft Properties S: HSD LLC Mtg: Granite St Econ Devel $502,000
Moultonboro 130 WHITTIER HWY . . . . . . . . . . . . . . . . . . . . . . . . . . $1,102,533 B: 130 Whittier Property LLC S: Russell A Sabanek & Judy Sprague-Sabanek Mtg: Russell A Sabanek $992,250 Use: Manufacturing Building, Lot: 175547sf
NAR Votes to Crack Down on Pocket Listings Fair Housing, Competition Concerns Drive Support BY JAMES SANNA REGISTRY REVIEW STAFF
T
he National Association of Realtors’ board on Nov. 12 voted on a measure intended to crack down on the practice of “pocket listings,” where a real estate agent declines to list a sale on a multiple listings service, and instead markets the sale within a separate, informal network of brokers or others. In some cases, Realtors may be trying to avoid having to split the commission with a buyer’s agent. In other cases, their clients may want their home withheld from MLS services due to their celebrity or personal circumstances like a divorce. At its Nov. 11 meeting, NAR’s board of directors voted 729 to 70 to approve its “Clear Cooperation” policy, which forces brokers who participate in a multiple listing service to submit their listing to the MLS within one business day of marketing the property to the public. Under NAR’s new definition, “marketing to the public” includes everything from yard signs to fliers in windows and marketing material posted on public-facing websites, to email blasts and multi-brokerage listing-sharing networks. All MLSes owned by a local board of Realtors must adopt the NAR policy by May 1, 2020. MLS PIN is not covered by the move, but MLSes covering Berkshire County and Cape Cod and the islands are.
REAL ESTATE RECORDS
$280,000 280000
3 Belknap ���������������������������� 11/15/19 3 Carroll ���������������������������� 11/15/19 4 Cheshire ������������������������ 11/15/19 4 Coos �������������������������������� 11/15/19 5 Grafton ���������������������������� 11/15/19 5 Hillsborough ������������������ 11/15/19 6 Merrimack ���������������������� 11/15/19 7 Rockingham ������������������ 11/15/19 8 Strafford ������������������������ 11/15/19 9 Sullivan �������������������������� 11/15/19 9 Bankruptcies 9 Lien & Attachments 10 Foreclosure, Mortgagee & Other Lien Auctions 10 Requests for Bids & Proposals
$260,000 260000 $240,000 240000 $220,000 220000
Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May Sept. Sept. May June June July July Aug. Aug. Sept. ’18
’19
Number 320000 of Sales $320,000 270000 $270,000 220000 $220,000 170000 $170,000 120000 $120,000
Sept.
Sept. ’15
Sept.
Sept. ’16
Sept.
Sept.
Sept. ’17
Sept.
Sept. ’18
Sept.
Sept. ’19
Continued on Page 12
TO OUR READERS
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$320,000 320000 $300,000 300000
TRANSACTIONS THRU
practice that results in less-complete and lessaccurate information should be a concern for Realtors.” Pocket listings appear to be on the rise but are notoriously difficult to track. A recent study by online brokerage and real estate listing website Redfin estimated more than one in 10 home sales in the city of Boston in 2018 were not listed in an MLS, for example, compared to 4.46 percent in 2013. The study compared the number of home sales that were in the local MLS to the number of sales recorded in public records. The study did not cover any part of New Hampshire.
Single-Family Median Sales Price
INDEX PG COUNTY
The policy, under development for some time, was created to address concerns that pocket listings had reached such levels in some markets that it threatened to undermine fundamental market conditions. “The multiple listings service is an orderly and efficient marketplace serving the interests of buyers, sellers and practitioners,” NAR General Counsel Katie Johnson said in an explainer video posted on the organization’s website. “It is an indispensable tool that works precisely because realtors have [an] ethical duty to cooperate with other brokers and to respect their relationships with prospective clients.....Any trend or business
NEW HAMPSHIRE MARKET STATISTICS
Rye 46 HARBORVIEW DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . $980,000 B: Michael W Keeley & Michael R Valliere S: Richard G Graper Tr, Tr for Barbara C Graper RET
Concerns about fair housing violations and anti-competitive behavior led the National Association of Realtors to attempt to curtail the practice of pocket listings outside the same brokerage.
Year
Median Price
Change Prior Year
Sept. 2015
$235,000
7.31%
Sept. 2016
$242,533
3.21%
Sept. 2017
$249,967
3.07%
Sept. 2018
$270,000
8.01%
Sept. 2019
$290,000
7.41%
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