During the 3rd quarter of 2016, 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 the 3rd quarter 2016. 1,116 land documents were recorded versus 1,136 during the third quarter 2015.
The total volume of real estate sales in Bellingham during the 3rd quarter 2016 was $56,642,981, a 50% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 86% in Bellingham. The average sale price was $622,450.
The number of mortgages recorded (246) on Bellingham properties during the 3rd quarter 2016 was up 6% from the previous year. Total mortgage indebtedness increased 31% to $67,618,164 during the same period.
There were 2 foreclosure deeds filed against Bellingham properties during 3rd quarter 2016, compared to 5 foreclosure deed filings during the 3rd quarter 2015.
Finally, homestead activity decreased 17% in Bellingham during the 3rd quarter 2016 with 86 homesteads filed compared to 104 during the same time period in 2015.