During the 1st quarter of 2018, real estate activity in Canton saw large increases in both total sales volume and average sales price.
There was a 20% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Canton during the 1st quarter 2018. 962 land documents were recorded versus 1,198 during the first quarter 2017.
The total volume of real estate sales in Canton during the 1st quarter 2018 was $204,575,873, a 302% increase from the same time period in 2017. Also, the average sale price of homes and commercial property was up 312% in Canton. The average sale price was $2,656,829. These numbers were significantly impacted by two commercial real estate transactions of $21 million and $76 million that took place on 2/20/18 and 3/14/18 respectively.
The number of mortgages recorded (188) on Canton properties during the 1st quarter 2018 was down 19% compared to the previous year. However, total mortgage indebtedness increased 30% to $104,361,920 during the same period.
There were 0 foreclosure deeds filed against Canton properties during the 1st quarter 2018 compared to 1 foreclosure deed filing during the 1st quarter 2017.
Finally, homestead activity decreased 25% in Canton during the 1st quarter 2018 with 188 homesteads filed compared to 231 during the same time period in 2017.