During the 3rd quarter of 2018, real estate activity in Bellingham saw and increase in total sales volume but a decrease in average sales price.
There was a 10% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Bellingham during the 3rd quarter 2018. 1,037 land documents were recorded versus 945 during the third quarter 2017.
The total volume of real estate sales in Bellingham during the 3rd quarter 2018 was $35,126,077, an 18% increase from the same time period in 2017. However, the average sale price of homes and commercial property decreased 7% in Bellingham. The average sale price was $344,373.
The number of mortgages recorded (183) on Bellingham properties during the 3rd quarter 2018 was down 1% from the previous year. Also, total mortgage indebtedness decreased 92% to $37,878,783 during the same period.
There were 5 foreclosure deeds filed against Bellingham properties during 3rd quarter 2018 compared to 3 foreclosure deed filings during the 3rd quarter 2017.
Finally, homestead activity increased 23% in Bellingham during the 3rd quarter 2018 with 95 homesteads filed compared to 77 during the same time period in 2017.