Franklin, MA 3rd Quarter 2016 Real Estate Activity Report

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

 

There was a 12% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Franklin during the 3rd quarter 2016. 2,123 land documents were recorded versus 1,893 during the third quarter 2015.  

 

The total volume of real estate sales in Franklin during the 3rd quarter 2016 was $78,487,422, a 3% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 7% in Franklin. The average sale price was $461,690. 

 

The number of mortgages recorded (516) on Franklin properties during the 3rd quarter 2016 was up 30% from the previous year. Total mortgage indebtedness also increased 219% to $325,467,576 during the same period.

 

There were 4 foreclosure deeds filed against Franklin properties during the 3rd quarter 2016 compared to 2 foreclosure deed filed during the 3rd quarter 2015. 

 

Finally, homestead activity decreased 1% in Franklin during the 3rd quarter 2016 with 185 homesteads filed compared to 187 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.