Franklin, MA 1st Quarter 2017 Real Estate Activity Report

During the 1st quarter of 2017, real estate activity in Franklin saw an increase in total sales volume and a very slight decrease in average sales price.

 

There was an 8% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Franklin during the 1st quarter 2017. 1,529 land documents were recorded versus 1,410 during the first quarter 2016.  

 

The total volume of real estate sales in Franklin during the 1st quarter 2017 was $39,488,195, a 17% increase from the same time period in 2016. The average sale price of homes and commercial property did not statistically change in in Franklin. The average sale price was $365,631 compared to $367,175 during the same time period in 2016. 

 

The number of mortgages recorded (285) on Franklin properties during the 1st quarter 2017 was down 10% from the previous year. Total mortgage indebtedness was flat coming in at $77,012,203 during the same period.

 

There were 2 foreclosure deeds filed against Franklin properties during 1st quarter 2017 compared to 5 foreclosure deed filings during the 1st quarter 2016. 

 

Finally, homestead activity increased 15% in Franklin during the 1st quarter 2017 with 135 homesteads filed compared to 117 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.