During 2019, real estate activity in Avon saw increases in both total sales volume and average sales price.
There was a 4% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Avon during 2019. 1,088 land documents were recorded versus 1,050 during 2018.
The total volume of real estate sales in Avon during 2019 was $112,396,022, a 116% increase from 2018. Also, the average sale price of homes and commercial property increased 146% in Avon. The average sale price was $1,123,960. These figures were impacted by a $30 million commercial real estate sale recorded on 10/21/19.
The number of mortgages recorded (200) on Avon properties during 2019 was up 9% from the previous year. Also, total mortgage indebtedness was $208,910,838, up 227% from 2018. This figure was impacted by two commercial loans of $75 million and $65.8 million recorded against Avon property on 7/24/19 and 10/21/19 respectively.
There were 2 foreclosure deeds filed against Avon properties during 2019 compared to 3 foreclosure deeds filed in 2018.
Finally, homestead activity in Avon increased 2% during 2019 with 97 homesteads filed, compared to 95 filed during 2018.