During the 1st quarter of 2016, real estate activity in Canton saw decreases in both total sales volume and average sales price.
There was a 7% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Canton during the 1st quarter 2016. 1,190 land documents were recorded versus 1,115 during the first quarter 2015.
The total volume of real estate sales in Canton during the 1st quarter 2016 was $40,756,652, a 43% decrease from the same time period in 2015. Also, the average sale price of homes and commercial property fell 52% in Canton. The average sale price was $468,467.
The number of mortgages recorded (250) on Canton properties during the 1st quarter 2016 was flat compared to the previous year. Total mortgage indebtedness decreased 40% to $111,912,186 during the same period.
There were 0 foreclosure deeds filed against Canton properties during 1st quarter 2016 compared to 1 foreclosure deed filing during the 1st quarter 2015.
Finally, homestead activity increased 9% in Canton during the 1st quarter 2016 with 97 homesteads filed compared to 89 during the same time period in 2015.