Plainville, MA 3rd Quarter 2017 Real Estate Activity Report

During the 3rd quarter of 2017, real estate activity in Plainville saw increases in both total sales volume and average sales price.

 

There was a 2% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Plainville during the 3rd quarter 2017. 586 land documents were recorded versus 596 during the third quarter 2016.  

 

The total volume of real estate sales in Plainville during the 3rd quarter 2017 was $26,011,130, a 24% increase from the same time period in 2016. Also, the average sale price of homes and commercial property increased 16%. The average sale price was $394,108.  

 

The number of mortgages recorded (105) on Plainville properties during the 3rd quarter 2017 was down 10% from the previous year. However, total mortgage indebtedness increased 173% to $83,899,483 during the same period. This number was impacted by a $53 million commercial mortgage recorded in late September 2017.

 

There were 2 foreclosure deeds filed against Plainville properties during the 3rd quarter 2017 compared to 4 filings during the 3rd quarter 2016. 

 

Finally, homestead activity decreased 10% in Plainville during the 3rd quarter 2017 with 54 homesteads filed compared to 60 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.