Bellingham, MA 3rd Quarter 2017 Real Estate Activity Report

During the 3rd quarter of 2017, real estate activity in Bellingham saw small decreases in both total sales volume and average sales price.

 

There was a 15% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Bellingham during the 3rd quarter 2017. 944 land documents were recorded versus 1,116 during the third quarter 2016.  

 

The total volume of real estate sales in Bellingham during the 3rd quarter 2017 was $29,890,220, a 47% decrease from the same time period in 2016. Also, the average sale price of homes and commercial property decreased 41% in Bellingham. The average sale price was $369,015. 

 

The number of mortgages recorded (185) on Bellingham properties during the 3rd quarter 2017 was down 25% from the previous year. However, total mortgage indebtedness increased 625% to $490,003,242 during the same period. This figure was impacted by a $450 million mortgage against a commercial property recorded in late July.

 

There were 3 foreclosure deeds filed against Bellingham properties during 3rd quarter 2017 compared to 2 foreclosure deed filings during the 3rd quarter 2016. 

 

Finally, homestead activity decreased 10% in Bellingham during the 3rd quarter 2017 with 77 homesteads filed compared to 86 during the same time period in 2016.

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.