During the 3rd quarter of 2018, real estate activity in Plainville saw a decrease in total sales volume but an increase in average sales price.
There was a 16% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Plainville during the 3rd quarter 2018. 490 land documents were recorded versus 586 during the third quarter 2017.
The total volume of real estate sales in Plainville during the 3rd quarter 2018 was $20,083,090, a 23% decrease from the same time period in 2017. However, the average sale price of homes and commercial property increased 8% in Plainville. The average sale price was $427,299.
The number of mortgages recorded (99) on Plainville properties during the 3rd quarter 2018 was down 6% from the previous year. Also, total mortgage indebtedness decreased 59% to $34,425,353.
There were 3 foreclosure deeds filed against Plainville properties during the 3rd quarter 2018, compared to 2 filed during the 3rd quarter 2017.
Finally, homestead activity decreased 17% in Plainville during the 3rd quarter 2018 with 45 homesteads filed compared to 54 during the same time period in 2017.