Vol.46, No.13
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W E E K O F M O N D A Y, M A R C H 2 5 , 2 0 2 4
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
AT T H E S TAT E H O U S E
425 MIRACLE MILE. . . . . . . . . . . . . . . . . . . . . . . . . . $10,050,000 B: DCD RE 425 Miracle Mile LLC S: ORQT LLC
Milford
571 NASHUA ST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,884,133 B: WG Milford NH RE Owner LLC S: Walgreen Eastern Co Inc
Tilton
100 AUTUMN DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,500,000 B: Summit BHC NH RE LLC S: Marbo Kaison Realty LLC
Windham
31 SAWTELLE RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,150,000 B: Robert M Mcgehee, Tr for Robert M Mcgehee 2022 RET S: George C Clark 3rd & Annalice D Clark
Bedford
11 OLYMPUS WY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 B: Padmanabhan T Srinivasan & Vidya S Krishnan S: Purple Elephant Dev LLC
Portsmouth
6-16 CONGRESS ST U:B207. . . . . . . . . . . . . . . . . . . . $1,750,000 B: Plainview And Son LLC S: Forma Realty II LLC Use: Condo
Tuftonboro
78 LANG POND RD . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,700,000 B: Denise M Petersen, Tr for Denise M Petersen RET S: R Sloan Wilson T & R Sloan Wilson Jr Mtg: Meredith Vlg Svgs Bk $1,360,000 Use: 2 Bdrm Camp/Cabin, Lot: 588060sf
Hampton
419 OCEAN BLVD . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,600,000 B: Stratton Oakmont Corp S: Seagull Motel Corp Use: Mixed Use-Prim Comm & Other, Lot: 20038sf
Holderness
ROUTE 113 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,560,000 B: Willoughby Ridge Hldg LLC S: Webster Land Corp
Keene
7-11 COURT ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,550,000 B: Geno Ranaldi S: Ashuelot Land & Water Co LLC Mtg: Eastern Bank $1,158,750 Use: Mixed Use-Prim Res & Comm, Lot: 5663sf
Salem
55 HAWKINS GLEN DR. . . . . . . . . . . . . . . . . . . . . . . . $1,410,000 B: Nassim Hanifi & Zarmina Hanifi S: Laurence N Belair, Tr for VLB RT Use: 2 Bdrm Contemporary, Lot: 16117sf
As Lawmakers Eye Statewide Housing Solutions, Local Control a Barrier Many Bills Look to Override Municipal Zoning BY ETHAN DEWITT NEW HAMPSHIRE BULLETIN
T
he goal behind the bill is bold: Allow any property owner to build residential housing units in a commercial zone – whether the zone allows for it already or not. Proponents of the legislation, House Bill 1053, argue it is a way to fast-track the creation of “mixed-use” housing in New Hampshire, allowing developers to increase the number of housing units in the state by opening new areas. “We need to loosen zoning restrictions to make it easier to build new housing or to allow people to occupy existing structures,” said Rep. Eric Gallager, a Concord Democrat, speaking to his fellow members of the House Municipal and County Affairs Committee March 11. “If you’ve got a business leaving, fine. That’s just more room for housing. We need housing more than we need businesses right now.” But critics rooted their opposition in a handful of words that would give property owners much more power over cities and towns: “as a matter of right.”
Legislation Under Consideration “Any time I see a bill that says ‘as a matter of right,’ that compels top-down zoning, I’m against,” said Rep. Len Turcotte, a Barrington Republican and chairman of the committee. “It’s just something I’m not willing to do.” The exchange underscored a tension at the heart of New Hampshire’s push for more
HB 1053 will likely not survive: At the start of this month, the committee recommended, 15-2, the bill be killed, and the full House will take up that vote in the next few weeks. But there are other bills that attempt to give homeowners and developers similar rights. House Bill 1400 would prohibit city and town zoning and planning committees from requiring more than one parking space per unit. Some towns require higher numbers, which advocates say can discourage development.
Single-Family Median Sales Price $460,000 460000 $440,000 440000
REAL ESTATE RECORDS COUNTY
housing: How much should towns and cities get a say? This year, a number of bills would override certain town and city zoning codes, with an aim to expand housing construction by skirting local barriers. Housing advocates say that approach is the only one to address what has become an entrenched problem. Others see a move to undermine local control. And they argue that any growth in housing in New Hampshire should happen with town officials’ direct approval.
$450,000 450000
INDEX PG
Several bills before the state legislature this session try to answer the question: How much should towns and cities get a say?
NEW HAMPSHIRE MARKET STATISTICS
Windham
4 CHERYL RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$1,368,200 B: Matthew B Carroll, Tr for Matthew B Carroll RET S: William P Deluca 3rd & Marion C Deluca
iStock photo
Lebanon
TRANSACTIONS THRU
3 Belknap �������������������������� 03/08/24 3 Carroll ���������������������������� 03/08/24 4 Cheshire ������������������������ 03/08/24 4 Coos �������������������������������� 03/08/24 5 Grafton ���������������������������� 03/08/24 5 Hillsborough ������������������ 03/08/24 6 Merrimack ���������������������� 03/08/24 7 Rockingham ������������������ 03/08/24 8 Strafford ������������������������ 03/08/24 9 Sullivan �������������������������� 03/08/24 9 Bankruptcies 9 Lien & Attachments 10 Foreclosure, Mortgagee & Other Lien Auctions 10 Requests for Bids & Proposals
$430,000 430000 $420,000 420000 $410,000 410000
Continued on Page 12
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$400,000 400000 $390,000 390000
Feb. Mar. Mar. Apr. Apr. May May June June July July Aug. Aug. Sept. Sept. Oct. Oct. Nov. Nov. Dec Dec. Jan. Jan. Feb. Feb. Feb. ’23
’24
Number 500000 $500,000 of Sales 450000 $450,000 400000 $400,000 350000 $350,000 300000 $300,000 250000 $250,000 200000 $200,000
2020
Feb. ’20
2021
Feb. ’21
2022
Feb. ’22
2023
Feb. ’23
2024
Feb. ’24
Year
Median Price
Change Prior Year
Feb. 2020
$276,000
6.77%
Feb. 2021
$325,000
17.75%
Feb. 2022
$371,000
14.15%
Feb. 2023
$399,933
7.8%
Feb. 2024
$429,000
7.27%
q Statistics based on single-family home sales of $1,000 q Source: The Warren Group
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