During the 2nd quarter of 2021, real estate activity in Bellingham saw increases in total sales volume and average sales price.
There was a 23% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Bellingham during the 2nd quarter 2021. 1,355 land documents were recorded versus 1,098 during the 2nd quarter 2020.
The total volume of real estate sales in Bellingham during the 2nd quarter 2021 was $188,002,620, a 538% increase from the same time period in 2020. Also, the average sale price of homes and commercial property increased 468% in Bellingham. The average sale price was $2,065,962.86. These figures were impacted by two commercial sales that took place during the quarter.
The number of mortgages recorded (327) on Bellingham properties during the 2nd quarter 2021 was up 10% from the previous year. However, total mortgage indebtedness was $81,671,198, down 1% from the 2nd quarter 2020.
There were 0 foreclosure deeds filed against Bellingham properties during the 2nd quarter 2021 compared to 5 foreclosure deed filed during the 2nd quarter 2020.
Finally, homestead activity in Bellingham increased 12% during the 2nd quarter 2021 with 92 homesteads filed, compared to 82 filed during the same time period in 2020.