During the 2nd quarter of 2016, real estate activity in Canton saw decreases in both total sales volume and average sales price.
There was a 3% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Canton during the 2nd quarter 2016. 1,453 land documents were recorded versus 1,500 during the second quarter 2015.
The total volume of real estate sales in Canton during the 2nd quarter 2016 was $96,025,367, a 19% decrease from the same time period in 2015. Also, the average sale price of homes and commercial property fell 11% in Canton. The average sale price was $787,093.
The number of mortgages recorded (333) on Canton properties during the 2nd quarter 2016 was down 2% compared to the previous year. Total mortgage indebtedness also decreased 25% to $103,712,033 during the same period.
There were 4 foreclosure deeds filed against Canton properties during 2nd quarter 2016 compared to 2 foreclosure deed filings during the 2nd quarter 2015.
Finally, homestead activity decreased 1% in Canton during the 2nd quarter 2016 with 131 homesteads filed compared to 132 during the same time period in 2015.