During 2017, real estate activity in Bellingham saw decreases in both total sales volume and average sales price.
There was a 9% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Bellingham during 2017. 3,840 land documents were recorded versus 4,202 in 2016.
The total volume of real estate sales, both residential and commercial, in Bellingham during 2017 was $104,967,017, a 45% decrease from 2016. The average sale price of homes and commercial property was also down 44% in Bellingham. The average sale price was $329,050.
The number of mortgages recorded (710) on Bellingham properties in 2017 was down 19% from the previous year. However, total mortgage indebtedness increased 143% to $641,690,166. This figure was impacted by a $450 million mortgage taken out against a commercial property in July, 2017.
There were 18 foreclosure deeds filed against Bellingham properties during 2017, representing a 20% increase from the previous year when there were 15 foreclosure deeds filed.
Finally, homestead activity decreased 15% in Bellingham during 2017 with 289 homesteads filed compared to 341 in 2016.