Home prices notch record high while supply remains low | What’s Working

A median-priced home on the Seacoast hit a record $615,000 last month, helping to fuel a statewide price milestone as well.

“It already has created an affordability issue,” said John Rice, chief statistician for the Seacoast Board of Realtors, which represents 13 cities and towns, including Portsmouth and oceanfront communities.

“The median price of a single-family home in Portsmouth is probably roughly $300,000 more than Dover and Rochester,” said Rice, an associate broker at Tate & Foss Sotheby’s International Realty in Rye.

“Every night, you see a sea of traffic going from Portsmouth to Dover and Rochester,” Rice said of workers commuting home.

Statewide, a tight inventory of homes for sale helped boost prices to a record $350,500 for a median priced home last month — 14.9% higher than a year earlier.

“It’s a great time to be selling and a lousy time to be buying,” said Russ Thibeault, a

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Big Al Capone’s in Pipe remains closed; building for sale following owners’ retirement

PIPE – Big Al Capone’s, N10302 U.S. Highway 151, and its historical property are for sale.



a close up of a street in front of a house: Big Al Capone’s, present day.


© Taima Kern/Action Reporter Media
Big Al Capone’s, present day.

The restaurant temporarily closed in March shortly after the state’s safer-at-home order, deciding not to continue take-out services. By June, many local restaurants had reopened, but Big Al Capone’s was not one of them.

During the shutdown, owners Annie and John Schmitz retired and put the historical property up for sale, as of Sept. 20, according to the restaurant’s Facebook page. 

Restaurant’s history includes gangsters, ghosts

The building was originally built in 1846 as the Stage Coach Inn and Fuhrman Hotel and had earned a place on the State Historical Registry, according to The Reporter archives. 

The Schmitzes previously owned Schmitty’s Oar House, and after selling, bought this building — said to be one of Al Capone’s stops when traveling between northern Wisconsin and

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