Vol.44, No.39
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W E E K O F M O N D A Y, S E P T E M B E R 2 6 , 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 Price Growth Keeps Slowing
Londonderry 30 MAIN ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $32,800,000 B: Rhino 30 Main LLC S: Pillsbury Realty 301 LLC Mtg: Metro Credit Union $24,960,000 Use: Mixed Use-prim Comm & Resd, Lot: 66412sf
Single-Family Sales Deficit Grew in August
Merrimack 15 CONTINENTAL BLVD. . . . . . . . . . . . . . . . . . . . . . . B: Continental Blvd Owner LLC S: Sat Sr LP Tr, Tr for Harold W Watson 1988 T Mtg: Cambridge Svgs Bk $11,124,000 Use: Industrial Use, Lot: 175982sf 18 CONTINENTAL BLVD. . . . . . . . . . . . . . . . . . . . . . . B: Continental Blvd Owner LLC S: Sat Sr LP Tr, Tr for Harold W Watson 1988 T Mtg: Cambridge Svgs Bk $11,124,000 Use: Industrial Use, Lot: 218148sf 20 CONTINENTAL BLVD. . . . . . . . . . . . . . . . . . . . . . . B: Continental Blvd Owner LLC S: Sat Sr LP Tr, Tr for Harold W Watson 1988 T Mtg: Cambridge Svgs Bk $11,124,000 Use: Industrial Use, Lot: 135036sf 22 CONTINENTAL BLVD. . . . . . . . . . . . . . . . . . . . . . . B: Continental Blvd Owner LLC S: Sat Sr LP Tr, Tr for Harold W Watson 1988 T Mtg: Cambridge Svgs Bk $11,124,000 Use: Residential Open Land, Lot: 39204sf
BY JAMES SANNA
$13,375,000
REGISTRY REVIEW STAFF
G
rowth of the median singlefamily home price keeps slowing across New Hampshire according to new data reported by The Warren Group, publisher of
$13,375,000
$13,375,000
$13,375,000
The Registry Review. The August median single-family sale price only grew 6.25 percent on a year-overyear basis, to $425,000. That’s compared to 10.77 percent year-over-year growth in July, 12.95 percent growth in June and 16.02 percent growth in May. The decline mirrors the increase in mortgage rates seen as inflation worsened and the Federal Reserve raised interest rates in response, sending the average 30-year mortgage interest rate soaring to 6.02 percent by midSeptember, according to Freddie Mac. Monthly numbers of single-family sales are also down, partly thanks to steadily falling numbers of listings this spring and summer, when many of the homes that closed in August went under agreement. An even 1,400 single-family homes sold in August, according to The Warren Group, an 11.95 percent drop over August 2021’s tally. July sales were off 9.43 percent year-on-year, while June’s were down 9.05 percent and May’s were down 5.72 percent on the same basis.
Manchester 1276 HANOVER ST . . . . . . . . . . . . . . . . . . . . . . . . . . $13,265,200 B: 1276 Hanover LLC S: Nhi Reit Of NE LLC Mtg: Dwight Mortgage T LLC $42,000,000 Use: Nursing Home, Lot: 214074sf
Epsom 901 SUNCOOK VALLEY HWY. . . . . . . . . . . . . . . . . . . . $6,401,933 B: 901 Suncook LLC S: Nhi Reit Of NE LLC Mtg: Dwight Mortgage T LLC $42,000,000 Use: Mixed Use-prim Comm & Other, Lot: 914760sf
Manchester 198 PEARL ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,014,333 B: 198 Pearl LLC S: Nhi Reit Of NE LLC Mtg: Dwight Mortgage T LLC $42,000,000 Use: Nursing Home, Lot: 31130sf
Jackson 3 BLITZEN WAY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,700,000 B: LBC CFI LLC S: CFI Holdings LLC Mtg: Mew Annuity T $4,200,000 Use: Mixed Use-prim Comm & Other, Lot: 466092sf
Sunapee
355 SPINNEY RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,725,000 B: Islamic Society of the Seacoast Area Issa S: North Church of Portsmouth
$2,000 2000
800
$1.750 1750
INDEX
Purchase
0
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec. Jan Feb
$750 750 $500 500
Continued on Page 12
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$250 250 $0 0
Aug. Sept. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb Feb. Mar. Mar. Apr. Apr. May May June June July July Aug Aug. Aug Sep Oct. ’21
’22
Month
1500 $1,500 Refinance
1200 $1,200
1200 900 600
Oct. 18
Oct. 19
Oct. 20
Oct. 21
600 $600 300 $300
$00
July Aug.18
’18
Refinance
Aug. 2018
$429
$321
$750
Aug. 2019 Purchase
$450
$493
$943
Aug. 2020
$450
$1,006
$1,456
Aug. 2021
$491
$962
$1,453
Aug. 2022
$469
$372
$841
Refinance
Purchase
900 $900
300
Purchase
Both
Both
1500
Oct. 17
Refinance
200
$1,000 1000
1800
0
While sellers’ motivations for listing – or not listing – are particularly varied right now, the uncertain economy is playing a significant role, experts said. The long run of record-low
400
$1,250 1250
TRANSACTIONS THRU
Belknap �������������������������� 09/09/22 Carroll ���������������������������� 09/09/22 Cheshire ������������������������ 09/09/22 Coos �������������������������������� 09/09/22 Grafton ���������������������������� 09/09/22 Hillsborough ������������������ 09/09/22 Merrimack ���������������������� 09/09/22 Rockingham ������������������ 09/09/22 Strafford ������������������������ 09/09/22 Sullivan �������������������������� 09/09/22 Bankruptcies Lien & Attachments Foreclosure, Mortgagee & Other Lien Auctions Requests for Bids & Proposals
Economy Weighs on Sellers
Both
600
$1,500 1500
REAL ESTATE RECORDS
3 3 4 4 4 5 7 7 9 9 10 10 10 10
New single-family listings continued their multi-month slide, with 16.3 percent fewer homes hitting the market last month than in August 2021, for a total of 1,690. That follows 12.5 percent and 6.3 percent declines in July and June, NHAR data shows.
Volume of Mortgages for Single-Family Homes
Portsmouth
COUNTY
Year-to-date, there have been 7,960 single-family sales statewide at a median price of $417,000. Those figures represent a 10.03 percent drop and a 12.7 percent increase, respectively, over the same figures at the end of August 2021. Total inventory was down sharply in August, the New Hampshire Association of Realtors reported, after rising or holding relatively even with 2021’s figures for three months. Only 2,154 homes were for sale last month, compared to 2,402 in August 2021 – a 10.3 percent decline.
New Hampshire Market Statistics
81 LAKE AVE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,590,000 B: Dong Shen Tr, Tr for BMP Property RT S: Peter C Dube Tr, Tr for Dube Living RET Use: 3 Bdrm Contemporary, Lot: 11326sf
PG
Economic uncertainty is likely a major component of many sellers’ decisions to hold off on listing their homes right now.
July 19 Aug.
July 20 Aug.
July 21 Aug.
July 22 Aug.
’19
’20
’21
’22
Both
❑ Dollar amounts in millions ❑ Source: The Warren Group ❑ Statistics based on single-family home sales
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