Real Estate activity in Bellingham during the 2nd quarter of 2015 was a mixed bag. Increases were seen in total real estate sales volume but a decrease in average residential and commercial sales price. Mortgage activity was also mixed.
There was an 18% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Bellingham during the 2nd quarter of 2015. 1,024 land documents were recorded versus 869 during the 2nd quarter of 2014.
The total volume of real estate sales in Bellingham during the 2nd quarter of 2015 was $29,112,540, a 4% increase over 2014 2nd quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $297,066, a 6% decrease from the same time period in 2014.
The number of mortgages recorded against Bellingham properies during the 2nd quarter of 2015 was 211, a 27% increase from the 2nd quarter 2014 number. Total mortgage indebtedness was $54,175,147 for the quarter compared to $62,761,434 for the 2nd quarter 2014.
There were 5 foreclosuire deeds filed against Bellingham properties during the 2nd quarter 2015 compared to 1 during the same time period in 2014.
Finally, homestead activity increased in Bellingham during the 2nd quarter 2015 with 88 Homesteads recorded representing a 16% increase from the 2nd quarter 2014 total of 76.