News: Front Section

Roche Realty Group reports company record of $170 million in sales for 2021

Meredith, NH Frank Roche, president of Roche Realty Group, Inc. has reported sales for the 12 months ending December 31, 2021. The firm produced a sales volume of $170,000,000 involving 434 transaction sides. “This figure represents the highest achievement in our company’s 30-year history,” Roche said. “We surpassed our 2017 sales volume of $166 million, which previously was our strongest year in history, and our sales volume increased 16% over the previous year (2020).” I attribute the strong sales to our dedicated real estate professionals and our hard-working administrative and marketing staff. Their commitment to superior service day in and day out certainly made things happen in a very difficult market. The company averaged $3.3 million in sales volume per week during 2021. The average selling price amounted to $391,485, an 11.4% increase over 2020.

Roche said, “During the pandemic, we invested a significant amount to improve our worldwide internet exposure and digital marketing. We have continually upgraded our website www.rocherealty.com, our internet optimation, SEO, and our marketing presence on over 80 National & International websites.”

During the pandemic, the company was able to reach a wide audience with its Matterport® 3D technology, drone exterior photos and videos, and professional flash ambient photography. All of this custom marketing is performed in-house for professional results and quick turnaround. We have also experienced great feedback from our clients relating to our informative blogs on our website. They provide a wealth of information about the Lakes Region and the local real estate market.

Since 1997 Roche Realty Group has sold more than $2.63 billion of New Hampshire’s properties involving 8,634 transaction sides and has ranked in the top 10 real estate firms in New Hampshire out of 2,400 firms statewide reporting sales during this 24-year period when NEREN started reporting sales.

Frank Roche, a 45-year veteran of Lakes Region real estate, said, “2020 and 2021 were two of the most unusual years I have experienced in my real estate career. So much happened when COVID19 hit, and the shutdown of nonessential businesses occurred. We had to adjust our marketing strategies, showing, and closing procedures. Matterport® technology was a game-changer for us. Contrary to my original thoughts, the pandemic was a catalyst for Lakes Region real estate sales. It increased interest and sales activity in our beautiful Lakes Region. Unfortunately, the negative effect of a very strong sellers market has had a huge impact on our available inventory levels. They are at all times lows. Just like our local ski area, we are very dependent on new real estate listings, just like they need new snowfall. I’m optimistic the stormclouds will deliver.”

MORE FROM Front Section
Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid:
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.