During the 1st quarter of 2017, real estate activity in Canton saw increases in both total sales volume and average sales price.
There was a 1% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Canton during the 1st quarter 2017. 1,195 land documents were recorded versus 1,189 during the first quarter 2016.
The total volume of real estate sales in Canton during the 1st quarter 2017 was $50,903,153, a 25% increase from the same time period in 2016. Also, the average sale price of homes and commercial property was up 38% in Canton. The average sale price was $644,343.
The number of mortgages recorded (230) on Canton properties during the 1st quarter 2017 was down 8% compared to the previous year. Total mortgage indebtedness also decreased 28% to $80,445,382 during the same period.
There was 1 foreclosure deed filed against a Canton property during 1st quarter 2017 compared to 0 foreclosure deed filings during the 1st quarter 2016.
Finally, homestead activity increased 4% in Canton during the 1st quarter 2017 with 101 homesteads filed compared to 97 during the same time period in 2016.