Bellingham, MA 1st Quarter 2016 Real Estate Activity Report

During the 1st quarter of 2016, real estate activity in Bellingham saw increases in both total sales volume and average sales price.

 

There was a 16% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Bellingham during the 1st quarter 2016. 881 land documents were recorded versus 762 during the first quarter 2015.  

 

The total volume of real estate sales in Bellingham during the 1st quarter 2016 was $19,499,014, a 43% increase from the same time period in 2015. This figure was significantly impacted by a $5 million commercial real estate transaction recorded on 2/11/16. Also, the average sale price of homes and commercial property increased 21% in Bellingham. The average sale price was $374,981. 

 

The number of mortgages recorded (158) on Bellingham properties during the 1st quarter 2016 was down 6% from the previous year. Total mortgage indebtedness also decreased by 31% to $39,127,026 during the same period.

 

There were 6 foreclosure deeds filed against Bellingham properties during 1st quarter 2016 compared to 5 foreclosure deed filings during the 1st quarter 2015. 

 

Finally, homestead activity increased 55% in Bellingham during the 1st quarter 2016 with 65 homesteads filed compared to 42 during the same time period in 2015.

The Norfolk County Registry of Deeds will be closed on Thursday, July 4th in celebration of Independence Day. We are open Friday, July 5th.

The Norfolk County Registry of Deeds is closed Today, July 4th in celebration of Independence Day. We are open Friday, July 5th.