During 2019, real estate activity in Bellingham saw increases in both total sales volume and average sales price.
There was a 12% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Bellingham during 2019. 4,189 land documents were recorded versus 3,740 during 2018.
The total volume of real estate sales in Bellingham during 2019 was $252,949,623, a 21% increase from 2018. Also, the average sales price of homes and commercial property increased 7% in Bellingham. The average sale price was $645,279.
The number of mortgages recorded (862) on Bellingham properties during 2019 was up 25% from the previous year. Also, total mortgage indebtedness increased 14% to $269,289,595 during the same period.
There were 11 foreclosure deeds filed against Bellingham properties during 2019 compared to 12 foreclosure deed filings during 2018.
Finally, homestead activity increased 11% in Bellingham during 2019 with 364 homesteads filed compared to 327 during 2018.