During the 2nd quarter of 2017, real estate activity in Bellingham saw small decreases in both total sales volume and average sales price.
There was a 10% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Bellingham during the 2nd quarter 2017. 988 land documents were recorded versus 1,095 during the second quarter 2016.
The total volume of real estate sales in Bellingham during the 2nd quarter 2017 was $26,371,676, a 3% decrease from the same time period in 2016. Also, the average sale price of homes and commercial property decreased 4% in Bellingham. The average sale price was $303,122.
The number of mortgages recorded (177) on Bellingham properties during the 2nd quarter 2017 was down 20% from the previous year. Total mortgage indebtedness also decreased 6% to $44,092,365 during the same period.
There were 10 foreclosure deeds filed against Bellingham properties during 2nd quarter 2017 compared to 5 foreclosure deed filings during the 2nd quarter 2016.
Finally, homestead activity decreased 10% in Bellingham during the 2nd quarter 2017 with 86 homesteads filed compared to 96 during the same time period in 2016.