During the 1st quarter of 2016, real estate activity in Sharon saw decreases in both total sales volume and average sales price.
There was a 3% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Sharon during the 1st quarter 2016. 783 land documents were recorded versus 808 during the first quarter 2015.
The total volume of real estate sales in Sharon during the 1st quarter 2016 was $17,314,624, a 17% decrease from the same time period in 2015. Also, the average sale price of homes and commercial property decreased 5% in Sharon. The average sale price was $480,961.
The number of mortgages recorded (208) on Sharon properties during the 1st quarter 2016 was down 15% from the previous year. Total mortgage indebtedness also decreased 7% to $66,814,115 during the same period.
There were 3 foreclosure deeds filed against Sharon properties during 1st quarter 2016 compared to 0 foreclosure deed filings during the 1st quarter 2015.
Finally, homestead activity decreased 17% in Sharon during the 1st quarter 2016 with 54 homesteads filed compared to 65 during the same time period in 2015.