During the 1st quarter of 2017, real estate activity in Bellingham saw decreases in both total sales volume and average sales price.
There was a 6% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Bellingham during the 1st quarter 2017. 828 land documents were recorded versus 881 during the first quarter 2016.
The total volume of real estate sales in Bellingham during the 1st quarter 2017 was $15,477,742, a 21% decrease from the same time period in 2016. Also, the average sale price of homes and commercial property decreased 26% in Bellingham. The average sale price was $276,388.
The number of mortgages recorded (140) on Bellingham properties during the 1st quarter 2017 was down 11% from the previous year. Total mortgage indebtedness also decreased by 12% to $34,265,729 during the same period.
There were 4 foreclosure deeds filed against Bellingham properties during 1st quarter 2017 compared to 6 foreclosure deed filings during the 1st quarter 2016.
Finally, homestead activity decreased 25% in Bellingham during the 1st quarter 2017 with 49 homesteads filed compared to 65 during the same time period in 2016.