During 2018, real estate activity in Bellingham saw increases in both total sales volume and average sales price.
There was a 2% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Bellingham during 2018. 3,740 land documents were recorded versus 3,834 in 2017.
The total volume of real estate sales, both residential and commercial, in Bellingham during 2018 was $208,321,397, a 98% increase from 2017. The average sale price of homes and commercial property was also up 84% in Bellingham. The average sale price was $603,830.
The number of mortgages recorded (691) on Bellingham properties in 2018 was down 3% from the previous year. Also, total mortgage indebtedness decreased 63% to $237,077,655.
There were 14 foreclosure deeds filed against Bellingham properties during 2018, representing a 33% decrease from the previous year when there were 21 foreclosure deeds filed.
Finally, homestead activity increased 13% in Bellingham during 2018 with 327 homesteads filed compared to 289 in 2017.