During the 1st quarter of 2018, real estate activity in Bellingham saw large increases in both total sales volume and average sales price.
There was a 5% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Bellingham during the 1st quarter 2018. 787 land documents were recorded versus 828 during the first quarter 2017.
The total volume of real estate sales in Bellingham during the 1st quarter 2018 was $57,502,811, a 272% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 272% in Bellingham. The average sale price was $1,026,835. These numbers were significantly impacted by a $35.8 million commercial sale that took place on 1/11/18.
The number of mortgages recorded (145) on Bellingham properties during the 1st quarter 2018 was up 4% from the previous year. Also, total mortgage indebtedness increased 77% to $60,797,011 during the same period.
There were 3 foreclosure deeds filed against Bellingham properties during 1st quarter 2018 compared to 4 foreclosure deed filings during the 1st quarter 2017.
Finally, homestead activity increased 22% in Bellingham during the 1st quarter 2018 with 60 homesteads filed compared to 49 during the same time period in 2017.