Family and trust transfers obscure price trends in Pembroke's July deed activity

PEMBROKE -- Ten property transfers were recorded in Pembroke between July 6 and July 10, but only four of the deeds listed a sale price, with disclosed considerations ranging from $410 to $861 and a median of $591. Half of the month's transactions involved a grantor and grantee sharing the same last name, a pattern consistent with trust or estate transfers within a family.

MARKET OVERVIEW

Ten deeds were recorded in the period, a moderate volume for a single town in a four-week span. Just four of the ten listed a disclosed consideration amount, so the $410-to-$861 range and $591 median reflect only those four transactions, not the full set of activity. The other six sales are recorded as price not disclosed, which is common for deed transfers between family members or into and out of trusts and limits how much can be concluded about overall price movement this period.

TOP SALES

77 Furnace Ln topped the disclosed sales at $861. The property was sold by Wagner Pinheiro to MKR Enterprises LLC, recorded July 6.

9 Mill St sold for $631. Mary M. Nelligan and Nicholas T. Pestone sold the property to Michael and Chrisann Hoehl, recorded July 9.

65 Chapel St sold for $552. James and Helen Mahoney sold the property to Walter Doggett, recorded July 10.

15 Grace Ann Rd sold for $410, the lowest disclosed price of the period. Drew C. Linehan sold the property to Richard Holt, recorded July 9.

Bed, bath and square-footage figures are not available from deed records and are omitted.

NEIGHBORHOOD BREAKDOWN

No two sales this period shared a street name, so no street-level cluster emerged. Among the four sales with disclosed prices, one fell under $500 (15 Grace Ann Rd), two fell in the $500-to-$700 range (65 Chapel St, 9 Mill St), and one exceeded $700 (77 Furnace Ln). The remaining six sales -- at 175 W Elm St, 35 Misty Meadow Rd, 48 Carol Ave, 89 Sunset Way, 30 Forest St and 65 Keens Way -- carried no disclosed price and are not reflected in the price tiers.

MARKET NOTES

Five of the ten recorded deeds show a grantor and grantee sharing a family name, consistent with trust or estate transfers rather than open-market sales: 175 W Elm St (Daniel H. and Tricia G. Dubois to themselves as trustees), 35 Misty Meadow Rd (Christopher and Deborah Padula to themselves as trustees), 48 Carol Ave (Joseph V. and Evelyn M. Bonanno as trustees to Mark S. and Joseph V. Bonanno Jr. as trustees), 30 Forest St (John J. and Lisa J. Fleming as trustees to themselves individually) and 65 Keens Way (Daniel P. and Jennifer M. Sheehan to Jennifer M. Sheehan alone). None of these five listed a sale price.

Of the remaining five transactions, four disclosed a price and involved buyers and sellers with different last names. The fifth, 89 Sunset Way, transferred from Patrick and Ashley Martin to Robert F. and Caroline E. Doran without a disclosed price.

One buyer in the period, MKR Enterprises LLC at 77 Furnace Ln, is a limited liability company rather than an individual; the other nine transactions involved sales to or from individuals or family trusts. Property type -- single-family, condominium or multi-family -- is not specified in the deed data provided and is not addressed here.

Recorded Deeds

Source: Registry of Deeds. Sale amounts shown as recorded; transfers without a disclosed consideration are noted as such.

Jul 6 - Jul 12

Compiled from official town feeds, community organizations, and local press. Outside reporting is attributed inline.