During the 3rd quarter of 2021, real estate activity in Bellingham saw increases in total sales volume and average sales price.
There was an 8% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Bellingham during the 3rd quarter 2021. 1,340 land documents were recorded versus 1,237 during the 3rd quarter 2020.
The total volume of real estate sales in Bellingham during the 3rd quarter 2021 was $63,974,363, a 32% increase from the same time period in 2020. Also, the average sale price of homes and commercial property increased 30% in Bellingham. The average sale price was $581,585.
The number of mortgages recorded (350) on Bellingham properties during the 3rd quarter 2021 was up 14% from the previous year. Total mortgage indebtedness was $655,457,557, up 719% from the 3rd quarter 2020.
There were 2 foreclosure deeds filed against Bellingham properties during the 3rd quarter 2021 compared to 0 foreclosure deed filed during the 3rd quarter 2020.
Finally, homestead activity in Bellingham increased 9% during the 3rd quarter 2021 with 105 homesteads filed, compared to 96 filed during the same time period in 2020.