Vol.41, No.05
www.thewarrengroup.com
W E E K O F M O N D A Y, F E B R U A R Y 4 , 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
DAMPENED PRICES
Lebanon
109 ETNA RD................................................................$5,350,000 B: Fujifilm Dimatix Inc S: Hoco G LLC Use: Manufacturing Building, Lot: 203861sf
Cambridge
Sea Level Rise Cost New Hampshire $15.2M Increased Flooding Weighing Down Coastal Home Values JAMES SANNA
Lincoln
527 US ROUTE 3...........................................................$2,035,000 B: Ossipee Hospitality LLC S: Bentley White Mountain Real Estate LLC Mtg: Primary Bank $3,500,000 Use: Restaurant/bar, Lot: 257004sf
Exeter
EPPING RD...................................................................$1,700,000 B: Gateway At Exeter LLC S: Kevin M King Tr, Tr for Kevin M King Sr IRT Mtg: Mark R Stebbins $1,850,000 Use: Forest Use-christmas Trees, Lot: 2700720sf
Hooksett
LAUREL RD...................................................................$1,235,000 B: Hemlock Estates LLC S: Dennis A Demers Mtg: Dennis A Demers $1,235,000 Use: Forest Use-christmas Trees, Lot: 5478106sf
Bartlett
456 GLEN LEDGE RD....................................................$1,210,000 B: Mark Moreau & Malgorzata Moreau S: Robert L Carper Use: 3 Bdrm Log, Lot: 87120sf
Nashua
101 PERIMETER RD U:101...........................................$1,150,000 B: Perimeter 99101 LLC S: Stein Realty LC Use: Non-residential Condo
Exeter
14 BOW ST......................................................................$950,000 B: Pairpoint Group LLC S: Brian P Lortie & Don A Carignan Mtg: Bridon Associates $750,000 Use: Commercial Building, Lot: 20038sf
Lebanon
55 N PARK ST..................................................................$899,000 B: Willard E Cook Tr, Tr for Willard E Cook Jr RET S: Sarben LLC Use: Retail-service, Lot: 3049sf
REGISTRY REVIEW STAFF
N
ew Hampshire homeowners missed out on $15.2 million in property value gains thanks to climate change, according to a new study. Sea level rise, driven by climate change and other factors, has cost New England states $403.1 million in property values between 2005 and 2017, according to a new study from the First Street Foundation. Flooding has gone up by 200 to 400 percent nationally in the last 20 years according the report, with over 1.7 million properties in Maine, New Hampshire, Massachusetts and Rhode Island at risk of “frequent tidal flooding” as the melting polar ice caps and other changes raise average sea levels. “Each time we analyze a new state we see the same phenomenon,” Jeremy Porter, a Columbia professor who helped lead the project, said in a statement. “Increased tidal flooding leads to a loss in home value appreciation. As sea level rise accelerates, we expect the corresponding loss in relative home value to accelerate as well.” While most of the affected homes did appreciate over the studied period, they did so at a significantly lower rate than comparable homes unaffected by tidal flooding. The research also found that in addition to direct property lot flooding, nearby road flooding
INDEX
and the effects of the Great Recession. Data from the National Oceanic and Atmospheric Administration, the National Weather Service, the U.S. Geologic Survey and the Army Corps of Engineers was used to model flood risk in many coastal states.
Local Impact Focused on Few Places Much of the $15.2 million cost McAlpine and Porter say New Hampshire bears is focused on one community: Hampton Beach. According to the First Street report, homes there have missed out on $7.9 million in value increases because of increased coastal flooding. The second most heavily hit communities pale in comparison: Hampton has
TRANSACTIONS THRU
3 Belknap ���������������������������� 01/22/19 3 Carroll ���������������������������� 01/22/19 4 Cheshire ������������������������ 01/22/19 4 Coos �������������������������������� 01/22/19 5 Grafton ���������������������������� 01/22/19 5 Hillsborough ������������������ 01/22/19 7 Merrimack ���������������������� 01/22/19 7 Rockingham ������������������ 01/22/19 8 Strafford ������������������������ 01/22/19 9 Sullivan �������������������������� 01/22/19 9 Bankruptcies 9 Lien & Attachments 10 Foreclosure, Mortgagee & Other Lien Auctions 10 Requests for Bids & Proposals
T
Single-Family Median Sales Price $300,000 300000
$260,000 260000 $240,000 240000 $220,000 220000 $200,000 200000
Dec. Jan Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May June June July July August Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec. Dec. Dec. ’17
’18
Number 260000 of Sales $260,000 250000 $250,000 240000 $240,000 230000 $230,000 220000 $220,000 210000 $210,000 200000 $200,000
Dec.
Dec. ’14
Dec.
Dec. ’15
Dec.
Dec. ’16
Dec.
Dec. ’17
Dec.
Dec. ’18
Continued on Page 12
TO OUR READERS
$280,000 280000
REAL ESTATE RECORDS PG COUNTY
also has a major impact on home value. “Road flooding affects commutes and school bus access, and because it’s on display for everyone to see, it can give an area a negative reputation. In New England, winter flooding can create sheets of ice on roadways, adding another, dangerous, consequence to street flooding,” First Street’s head of data science Steve McAlpine said in a statement. Researchers from First Street and data scientists from Columbia University based their peer-reviewed conclusions on 2.5 million coastal properties in Massachusetts, Maine, New Hampshire and Rhode Island. The research considered the many factors influencing a home’s price, including amenities
New Hampshire Market Statistics
Exeter
6 ROSEWOOD CT.............................................................$789,000 B: Cynthia O Dominguez & Brian E Dominguez S: Eugene F Garneau & Rosemary A Garneau Mtg: Optima Bank & Trust $631,200 Use: Residential Developable Land, Lot: 56628sf
Photo courtesy of Michael Righi
PARCEL 7 SUCCESS.....................................................$2,350,000 B: Bayroot LLC S: Thomas R Dillon & Scott A Dillon
Year
Median Price
Change Prior Year
Dec. 2014
$214,000
7.00%
Dec. 2015
$220,000
2.80%
Dec. 2016
$237,533
7.97%
Dec. 2017
$250,000
5.25%
Dec. 2018
$252,867
1.15%
q Statistics based on single-family home sales of $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 has for many years been a terrific source of real estate data in New Hampshire, but it has the potential to be much more. Beginning with this issue, the newspaper will now feature articles from the staff of The Warren Group, publisher of The Registry Review; news briefs from real estate and financial institutions throughout the state; and analytics from The Warren Group’s proprietary data products. We invite readers to submit their news, feedback and story ideas to us at editorial@thewarrengroup.com. Sincerely, Cassidy Murphy Associate Publisher The Warren Group