Bellingham, MA 2nd Quarter 2018 Real Estate Activity Report

During the 2nd quarter of 2018, real estate activity in Bellingham saw large increases in both total sales volume and average sales price.

 

There was a 1% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Bellingham during the 2nd quarter 2018. 978 land documents were recorded versus 986 during the second quarter 2017.  

 

The total volume of real estate sales in Bellingham during the 2nd quarter 2018 was $63,321,026, a 140% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 99% in Bellingham. The average sale price was $603,057. These numbers were significantly impacted by a $11.3 million apartment complex sale that took place on 4/6/18.  

 

The number of mortgages recorded (194) on Bellingham properties during the 2nd quarter 2018 was up 10% from the previous year. Also, total mortgage indebtedness increased 76% to $77,692,869 during the same period.

 

There were 4 foreclosure deeds filed against Bellingham properties during 2nd quarter 2018 compared to 10 foreclosure deed filings during the 2nd quarter 2017. 

 

Finally, homestead activity increased 16% in Bellingham during the 2nd quarter 2018 with 100 homesteads filed compared to 86 during the same time period in 2017.

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.