Canton, MA 3rd Quarter 2016 Real Estate Activity Report

During the 3rd quarter of 2016, real estate activity in Canton saw substantial and explainable increases in both total sales volume and average sales price.

 

There was a 17% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Canton during the 3rd quarter 2016. 1,620 land documents were recorded versus 1,390 during the third quarter 2015.  

 

The total volume of real estate sales in Canton during the 3rd quarter 2016 was $302,102,570, a 404% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 375% in Canton. The average sale price was $2,157,875. Why these substantial increases? The sale of Westwood Station, which includes a portion of Canton, in mid-August for $205 million.  

 

The number of mortgages recorded (373) on Canton properties during the 3rd quarter 2016 was up 30% compared to the previous year. Total mortgage indebtedness also increased 99% to $175,075,354 during the same period.

 

There were 4 foreclosure deeds filed against Canton properties during 3rd quarter 2016 compared to 1 foreclosure deed filing during the 3rd quarter 2015. 

 

Finally, homestead activity was flat in Canton during the 3rd quarter 2016. 143 homesteads were filed during the 3rd quarter 2016, the same number filed during the same time period in 2015.

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.