People and Property: Real Estate and Construction News From Around NH
Seacoast real estate transactions set new record … and more
eal estate sales records were once again set in October as inventory levels continued to shrink and median sale prices continued to rise. According to the Seacoast Board of Realtors, which tracks transactions in 13 Seacoast communities, there were 21 million-dollar-plus transactions, breaking the record of 17 that was set in August. Seven if the properties sold for more than $2 million.
The Realtors said there were 117 single-family sales, up 28% from last year. The October median sale price of $577,000 was up 11.6% from last year. The cumulative 10-month median sale price is up 16.7%, to $560,000.
As for condos, there was a record 80 sales and five $1 million-plus sales, the most ever for any month. The 13 highest-priced condo sales all were in Portsmouth transactions, with one exceeding $4.3 million. The October median sale price for a condominium was $352,500, up 7.1% from 2019. For the first 10 months of 2020, condominium sales are up 5% and the median sale price is up 6.99% to $356,000.
Advantage Truck Grouphas completed its acquisition of the Freightliner of New Hampshire franchise and its full-service dealerships in Lebanon and Londonderry. The Lebanon operation will continue in place on Heater Road, ATG said, and the Londonderry operation has been moved to 222 Frontage Road, Manchester. The acquisition allows ATG and its partner, McDevitt Trucks Inc., to provide fully authorized service to Freightliner and Western Star owners throughout New Hampshire from its four locations in Manchester, Lancaster, Seabrook and Lebanon.
Prolman Realty Inc. has announced the sale of 53-59 Main St., Nashua to Diastole Holdings LLC, which plans to open a new restaurant at the 3,750-square-foot building. The seller 53-59 Main Street LLC, was represented by Mark Prolman, who also assisted the buyer, Diastole Holdings, LLC. Sale price was $735,000, according to the Hillsborough County Registry of Deeds.
Progressive Manufacturing Inc.has moved into its new home, at the former Gloenco Manufacturing building on Sunapee Street in Newport. After making several improvements the renovated facility is now the site for production of Progressive’s fireplace brand, SOLAS Contemporary Fire. With over 40,000 square feet, the facility doubles Progressive’s space.