During 2014, real estate activity in Bellingham saw increases in total volume and average sales price.
There was a 17% decrease in documents recorded at the Norfolk County Registry of Deeds for Bellingham in 2014, resulting in a reduction of 680 documents from 3,992 to 3,312.
The total volume of real estate sales in Bellingham during 2014 was $82,154,692 which showed a 18% increase from 2013. The average sale price of homes and commercial property was up 6% in Bellingham. The average sale was $283,292.
The number of mortgages recorded (624) on Bellingham properties in 2014 was down by 27% from the previous year. Total mortgage indebtedness actually increased by 46% to $290,142,994 during the same period.
There were 5 foreclosure deeds filed in Bellingham during 2014, representing a 25% increase from the previous year when there was 4 foreclosure deeds filed.
Finally, homestead activity increased 4% in Bellingham during 2014 with 283 homesteads filed compared to 273 in 2013.