Bellingham, MA 3rd Quarter 2019 Real Estate Activity Report

During the 3rd quarter of 2019, real estate activity in Bellingham saw significant increases in both total sales volume and average sales price.

 

There was a 13% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Bellingham during the 3rd quarter 2019. 1,168 land documents were recorded versus 1,038 during the third quarter 2018.  

 

The total volume of real estate sales in Bellingham during the 3rd quarter 2019 was $109,793,865, a 213% increase from the same time period in 2018. Also, the average sales price of homes and commercial property increased 175% in Bellingham. The average sale price was $946,498. These figures were impacted by the $71.5 million sale of an apartment complex in Bellingham on 9/23/19. 


The number of mortgages recorded (255) on Bellingham properties during the 3rd quarter 2019 was up 39% from the previous year. Also, total mortgage indebtedness increased 226% to $123,567,667 during the same period. These figures were impacted by two large commercial loans of $75 million and $58.9 million that were recorded during the third quarter. 

 

There were 3 foreclosure deeds filed against Bellingham properties during the 3rd quarter 2019 compared to 5 foreclosure deed filings during the 3rd quarter 2018. 

 

Finally, homestead activity increased 13% in Bellingham during the 3rd quarter 2019 with 107 homesteads filed compared to 95 during the same time period in 2018.

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.