Vol.47, No.03
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W E E K O F M O N D A Y, J A N U A R Y 2 0 , 2 0 2 5
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
2025 OUTLOOK
Derry
20 E BROADWAY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,250,000 B: Downtown Derry Dev LLC S: Sb5 Holdings LLC Mtg: Enterprise Bk & Tr Co $2,300,000 Use: Bank Building, Lot: 25700sf 7 MCALLISTER CT. . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,250,000 B: Downtown Derry Dev LLC S: Sb5 Holdings LLC Mtg: Enterprise Bk & Tr Co $2,300,000 Use: Bank Building, Lot: 20909sf
Are Things Looking Up for NH Home Sales in 2025? Listings Ticked Up Last Year Even as Sales Totals Fell BY JAY FITZGERALD
105 WATERS EDGE. . . . . . . . . . . . . . . . . . . . . . . . . . . $2,986,000 B: Maria A Berry, Tr for Maria Arcidy Berry RET S: Jennifer L Taubman, Tr for Bonnie Jean Terenzi RET
Portsmouth
49 SHEAFE ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,550,000 B: Ta52 LLC S: Fred W Clough & Melissa J Clough
North Hampton
80 WOODLAND RD . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,475,000 B: 80 Woodland Acres LLC S: 80 Woodland Road LLC Mtg: Kennebunk Svgs Bank $1,856,250 Use: 4 Bdrm Colonial, Lot: 1406988sf
Brentwood
112 CRAWLEY FALLS RD. . . . . . . . . . . . . . . . . . . . . . $2,400,000 B: Hsrp LLC S: Brentwood Fusion LLC Mtg: Brentwood Fusion Llc $2,300,000 Use: Gymnasium, Lot: 375923sf
Haverhill
4793 DARTMOUTH COLLEGE HWY. . . . . . . . . . . . . . . $2,100,000 B: W E Ventures LLC S: G F Venture Group LLC Mtg: Gf Venture Group Llc $1,550,000 Use: Mixed Use-Prim Comm & Other, Lot: 47916sf
Manchester
118 BEECH ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,900,000 B: One Hundred Eighteen Beech St LLC S: Raymond J Mcmahon & Denise M Mcmahon
Dover
65 CHILDS DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,900,000 B: Thomas J Lennon Jr & Amie B Lennon S: John R Clouse & Sharon A Clouse Mtg: United Wholesale Mtg $600,000 Use: 3 Bdrm CustomDesign, Lot: 26136sf
Sanbornton
360 BLACK BROOK RD. . . . . . . . . . . . . . . . . . . . . . . . $1,825,000 B: Dennis Kramer & Elizabeth Kramer S: Douglas W Rasp, Tr for Rasp Lake Property T Mtg: Cross Country Mtg Inc $1,225,000 Use: 3 Bdrm Conventional, Lot: 12632sf
SPECIAL TO THE REGISTRY REVIEW
T
here are some hopeful signs that New Hampshire’s real estate market may improve ever so slightly in 2025. No one is predicting dramatic real-estate market changes in the coming year, due largely to the long-standing problems of not enough homes for sale across the state and not enough new homes being built. But industry leaders and market-watchers say they’re nonetheless encouraged by data showing that home sales and new listings actually increased statewide in 2024 – and most signs point to that trend continuing into 2025. Meanwhile, those same experts also say they’re hopeful a new Republican governor, Kelly Ayotte, and an expanded GOP majority in the Legislature can work together to more aggressively address the lack of housing construction in New Hampshire. And the prospect of further Federal Reserve interest-rate cuts later this year, on top of last year’s rate cuts, could further help the state’s real estate market, officials say. “New Hampshire is in pretty good shape,” said Adam Dow, chief executive of the Dow Group at Keller Williams in Wolfeboro. “Things started picking up late last year. Business seems faster now than it did this time last year, much faster.” Not everyone agrees.
Sales and Listings According to the New Hampshire Association of Realtors, there was a welcome increase in home listings in 2024, after a long period of
falling deal counts and homes on the market. New listings were also up last year, by 7.5 percent, to 14,548. Closed single-family sales were up down 5.48 percent through Nov. 30 compared to 2023, according to the most recent data from The Warren Group, publisher of The Registry Review. And no surprise at all due to the huge home supply-and-demand imbalance in New Hampshire: The median single-family home price continued to climb last year, by 10.68 percent, to $487,000, The Warren Group reported.
Number of Condo Sales 400
300
REAL ESTATE RECORDS COUNTY
“Sadly, I don’t see a lot of change – not with inventory still so low,” said Susan Bradley, associate broker at Coldwell Banker Realty in Gilford. “The lack of inventory is still the big problem.” From closed sales to interest rates to new leaders in Concord, following are some of the trends and issues industry officials expect to see in the coming year.
350
INDEX PG
Signs suggest 2025 may be a better year for the state’s residential real estate market – but not dramatically better.
New Hampshire Market Statistics
Lebanon
97 N MAIN ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,713,800 B: Stewarts Shops Corp S: Jolley Associates LLC
iStock photo
Greenland
TRANSACTIONS THRU
3 Belknap �������������������������� 01/03/25 3 Carroll ���������������������������� 01/03/25 4 Cheshire ������������������������ 01/03/25 4 Coos �������������������������������� 01/03/25 4 Grafton ���������������������������� 01/03/25 5 Hillsborough ������������������ 01/03/25 6 Merrimack ���������������������� 01/03/25 7 Rockingham ������������������ 01/03/25 8 Strafford ������������������������ 01/03/25 8 Sullivan �������������������������� 01/03/25 10 Bankruptcies 10 Lien & Attachments 10 Foreclosure, Mortgagee & Other Lien Auctions 10 Requests for Bids & Proposals
250
200 150
Continued on Page 12
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100 Nov. Dec. Jan. Feb. Mar. Apr.
May June June July July Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Nov. Dec. Jan. Feb. Mar. April May ’23
’24
Number 500 500 of Sales 450 450
Year
Number of Sales
Change Prior Year
400 400
Nov. 2019 Nov. 2020 Nov. 2021 Nov. 2022 Nov. 2023 Nov. 2024
418 467 394 321 270 256
-5.64% 11.72% -15.63% -18.53% -15.89% -5.19%
350 350 300 300 250 250 200 200
July Aug.
19 Nov. ’19
20 Nov. ’20
21 Nov. ’21
22 Nov. ‘22
23 Nov. ‘23
306 345
24 Nov. ‘24
q Statistics based on condo sales of more than $1,000 q Source: The Warren Group
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