Bellingham, MA 2015 Real Estate Activity Report

 

During 2015, real estate activity in Bellingham saw increases in both total volume and average sales price.

 

There was a 20% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Bellingham during 2015. 3,972 land documents were recorded versus 3,314 in 2014. 

 

The total volume of real estate sales in Bellingham during 2015 was $135,934,859, a 65% increase from 2014. The average sale price of homes and commercial property was up 36% in Bellingham. The average sale price was $386,178.

 

The number of mortgages recorded (813) on Bellingham properties in 2015 was up 30% from the previous year. Total mortgage indebtedness actually decreased by 26% to $214,644,848 during the same period.

 

There were 23 foreclosure deeds filed against Bellingham properties during 2015, representing a 360% increase from the previous year when there were 5 foreclosure deeds filed. During 2015, lending institutions worked to resolve foreclosure issues that in some cases dated back to the height of the economic slowdown in 2008.  

 

Finally, homestead activity increased 12% in Bellingham during 2015 with 317 homesteads filed compared to 283 in 2014.

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.