Vol.44, No.34
www.thewarrengroup.com
W E E K O F M O N D A Y, A U G U S T 2 2 , 2 0 2 2
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
M O N T H LY H O M E S A L E S
Home Prices, Inventory Rose in July
Hudson
5 WENTWORTH DR. . . . . . . . . . . . . . . . . . . . . . . . . . $22,000,000 B: LPCH New Hampshire LP S: Albany Rd Wentworth Dr LLC Mtg: Cambridge Svgs Bk $48,000,000 Use: Industrial Office Building, Lot: 619989sf
Total Single-Family Home Sales Fell Year-Over-Year
Manchester
1050 PERIMETER RD . . . . . . . . . . . . . . . . . . . . . . . . $21,800,000 B: LPCH New Hampshire LP S: Albany Rd Perimeter Rd LLC
BY JAMES SANNA
Newton
nother month, another doubledigit percentage increase in the statewide median singlefamily sale price despite continued cooling of buyer demand. That’s according the latest real estate data tabulated by The Warren Group, publisher of The Registry Review. The statewide median sale price was up 11 percent from July 2021, to $432,000, The highest it’s ever been in July but down slightly from June’s statewide median single-family sale price of $440,500.
SPECIAL TO THE REGISTRY REVIEW
A
1 PUZZLE LN. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $21,250,000 B: Dogwood Tac Propco NH LLC S: Puzzle Lane Fee Owner LLC Use: Industrial Use, Lot: 738342sf
Manchester
645 HARVEY RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . $14,700,000 B: LPCH New Hampshire LP S: Albany Rd Harvey Rd LLC
Nashua
22 COTTON RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10,500,000 B: LPCH New Hampshire LP S: Albany Rd Cotton Rd LLC Mtg: Cambridge Svgs Bk $48,000,000 Use: Industrial Office Building, Lot: 445924sf 28-36 CHESTNUT ST. . . . . . . . . . . . . . . . . . . . . . . . . . $5,880,000 B: Chestnut Homes LLC S: Whiting Building LLC Mtg: Franklin SB $4,844,000 Use: Apartment Bldg - 9 + Units, Lot: 10193sf
Wolfeboro
Inventory was up 13 percent monthover-month, as well.
119 SPRINGFIELD POINT RD . . . . . . . . . . . . . . . . . . . $4,500,000 B: Philip Polimeno & Kristen Polimeno S: L Anthony Polimeno Tr, Tr for StCharles RT
Hampton
1080 OCEAN BLVD . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,925,000 B: Christopher J Masiello Tr, Tr for CKS RET S: Jeffrey Mccarthy & Jennifer Mccarthy
There were only 1,326 single-family sales last month, too, a 9 percent drop from June 2021 and the lowest number of homes sold in July since 2012, when the state was clawing its way out of the Great Recession. Year-to-date, there have been 6,558 single-family sales at a median sale price of $415,000. That represents a 10 percent drop in the number of sales year-over-year and a 14 percent increase in the median sale price.
Sutton
SUMMIT RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,725,000 B: Susan J Sievert & Frederick J Sievert S: Laura Hanson & Neil Shifrin
Gilford
15 KIMBALL RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,500,000 B: Gilf 80 LLC S: Willard W Drew Tr, Tr for Drew FT Use: Mixed Use-prim Comm & Other, Lot: 252648sf
Hudson
DAVID LN L:16-9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,200,000 B: 9 Ferguson Lane LLC S: D&H Const of Plaistow Inc
$2,000 2000
800
$1.750 1750
INDEX Belknap �������������������������� 08/05/22 Carroll ���������������������������� 08/05/22 Cheshire ������������������������ 08/05/22 Coos �������������������������������� 08/05/22 Grafton ���������������������������� 08/05/22 Hillsborough ������������������ 08/05/22 Merrimack ���������������������� 08/05/22 Rockingham ������������������ 08/05/22 Strafford ������������������������ 08/05/22 Sullivan �������������������������� 08/05/22 Bankruptcies Lien & Attachments Foreclosure, Mortgagee & Other Lien Auctions Requests for Bids & Proposals
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec. Jan Feb
Month
600
Oct. 18
Oct. 19
Oct. 20
Oct. 21
600 $600 300 $300
$00
July July18
’18
Refinance
July 2018
$453
$255
$708
July 2019 Purchase
$472
$435
$907
July 2020
$517
$964
$1,481
July 2021
$447
$890
$1,337
July 2022
$442
$366
$808
Refinance
Purchase
900 $900
300
Purchase
Both
Refinance
1200 $1,200
900
Want to see your news Both featured in a Refinance future issue of Purchase The Registry Review?
’22
Both
1200
Continued on Page 16
July Aug Aug. Sep Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb Feb. Mar. Mar. Apr. Apr. May May June June July July July
1500 $1,500
1500
Oct. 17
0
’21
1800
0
Purchase
200
$1,000 1000 $750 750 $500 500 $250 250 $0 0
Refinance
400
$1,250 1250
TRANSACTIONS THRU
Both
600
$1,500 1500
REAL ESTATE RECORDS
3 3 4 5 5 6 9 10 12 13 14 14 14 14
date, total new listings are off 2021’s pace by 9.1 percent. Total single-family inventory was down, too. July saw 2,337 homes for sale compared to 2,445 in July 2021. Inventory was up month-over-month, as well. However, the month-over-month gains from June to July clocked in a 13 percent gain, typically an interval where monthly inventory falls – possibly a sign that interest rates and home prices have risen high enough that price increases will begin moderating in the months ahead. Still, the prevalence of bidding wars and above-asking offers remained high, with the average single-family seller trading their
Volume of Mortgages for Single-Family Homes
Sandown
COUNTY
July also marked the second straight yearover-year decline in pending sales, according to the New Hampshire Association of Realtors, with only 1,552 single-family homes going under agreement, an 8.6 percent drop from July 2021. June saw a similar slide, down 8.7 percent to 1,725 over the same period. Homes continue to sell quickly, NHAR said, with the average number of days on market sinking 5.9 percent year-over-year to 16 in July, up only slightly from the 13 seen in June. The number of new listings took a hit last month. NHAR said only 1,887 single-family homes coming online in July, a 12.7 percent drop from the same month last year. Year to
New Hampshire Market Statistics
134 LOWELL RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,387,533 B: Joseph M Zaccheo Tr, Tr for 134 Lowell Rd Hudson RT S: AAA Realty LLC
PG
Home prices kept rising and total home sales fell statewide, although inventory rose substantially.
July July19
July 20 July
July 21 July
July 22 July
’19
’20
’21
’22
Both
❑ Dollar amounts in millions ❑ Source: The Warren Group ❑ Statistics based on single-family home sales
©2022 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.
Send submissions for consideration to
editorial@thewarrengroup.com.