During 2016, real estate activity in Avon saw increases in both total sales volume and average sales price.
There was a 17% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Avon during 2016. 1,176 land documents were recorded versus 1,006 during 2015.
The total volume of real estate sales, both residential and commercial, in Avon during 2016 was $83,985,761, a 59% increase from 2015. The average sale price of homes and commercial property was up 21% in Avon. The average sale price was $874,851.
The number of mortgages recorded (232) on Avon properties in 2016 was up 21% from the previous year. Total mortgage indebtedness also increased by 129% to $179,119,420 during the same period.
There were 7 foreclosure deeds filed against Avon properties during 2016, representing a 250% decrease from the previous year when there were 2 foreclosure deeds filed.
Finally, homestead activity increased 1% in Avon during 2016 with 86 homesteads filed compared to 85 in 2015.