Highest Newbury Sale Hits $1.475 Million Amid Wave of Family Trust Transfers

NEWBURY -- Fifteen property transfers were recorded in Newbury between Sept. 4 and Oct. 3, but only four carried a sale price in the registry so far, with the top sale reaching $1,475,000. Most of the remaining filings appear to be transfers into family or individual trusts rather than open-market sales.

MARKET OVERVIEW The registry recorded 15 transfers for the period. Among the four sales with a price attached, prices ranged from $799,900 to $1,475,000, with a median of $904,500. The remaining 11 transfers show no sale price yet, which is typical of deed data and usually reflects a lag of about a week before consideration amounts post, not a withheld price. Taken as a raw count, 15 recorded transfers is a notable volume for a single month in Newbury, though most represent internal family or trust transfers rather than arm's-length sales.

TOP SALES 6 24th St. Lot 42 sold for $1,475,000 on Sept. 10, the period's highest-priced transaction. The seller was the Susan C Ferlazzo Trust and the buyer was Brian Kilfoyle. 58 Riverfront East Lot 28 sold for $990,000 on Sept. 24. Karl P Reidl sold to Lloyd Hamovit. 26 Hanover St. Lot 1 sold for $819,000 on Sept. 28. Stephen E Obrien, as representative, sold to Amy Maloney. 75 Pearson Dr. Lot 51 sold for $799,900 on Sept. 22. The seller was listed as C A Sargent and the buyer as T Bogart. No other transfers in the period had a recorded sale price.

NEIGHBORHOOD BREAKDOWN High Road had two transfers in the period: 184 High Rd. and 186 High Rd., both passing from James E S Parker to the James & Maria Parker Revocable Trust on Sept. 18. No other street recorded more than one transfer. By price tier among the four confirmed sales, three fell in the $500,000-to-$1-million range (Hanover Street, Riverfront East and Pearson Drive) and one exceeded $1 million (24th Street). The 11 transfers without a recorded price span addresses across Maple Street, Old Point Road, Orchard Street, River Street, Central Court, Cedar Hill, Newbury Neck Road, Riverside Drive, High Road and Parker Street, with no single street or neighborhood dominating that group.

MARKET NOTES Eleven of the 15 recorded transfers show a grantor and grantee sharing the same surname or a trust named for the grantor, consistent with a property being moved into a living trust, family trust or between family members rather than sold on the open market. That pattern accounts for most of the missing price data this period, since such transfers are often recorded without a stated sale price. Nine of the 15 addresses include a lot or unit number, suggesting condominiums or subdivided parcels made up a significant share of this period's filings. With sale price data limited to four transactions, no reliable price-per-square-foot comparison or property-type breakdown is possible from this dataset.

Recorded Deeds

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

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