Stoughton, MA 2015 Real Estate Activity Report

During 2015, real estate activity in Stoughton saw decreases in both total volume and average sales price.

 

There was a 5% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Stoughton in 2015.  5,744 land documents were recorded versus 5,454 in 2014. 

 

The total volume of real estate sales in Stoughton during 2015 was $165,563,338, a 37% decrease from 2014. The average sales price of homes and commercial property was down 40% in Stoughton.  The average sale price was $364,676.  These numbers were impacted by a small number of high dollar real estate transactions recorded during the 2014 calendar year.  

 

The number of mortgages recorded (1,107) on Stoughton properties in 2015 was up 10% from the previous year. Total mortgage indebtedness decreased by 8% to $330,545,779 during the same period.

 

There were 16 foreclosure deeds filed against Stoughton properties during 2015, representing a 433% increase from the previous year when there were 3 foreclosure deeds recorded. During 2015, lending institutions worked to resolve foreclosure issues that in some cases dated back to the height of the economic slowdown in 2008.

 

Finally, homestead activity decreased 1% in Stoughton during 2015 with 470 homesteads filed compared to 475 in 2014.

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.