During 2014, real estate activity in Canton saw increases in total volume and average sales price.
There was a 23% decrease in documents recorded at the Norfolk County Registry of Deeds for Canton in 2014, resulting in a reduction of 1,460 documents from 6,227 to 4,767.
The total volume of real estate sales in Canton during 2014 was $224,120,601 which showed a 20% increase from 2013. The average sale price of homes and commercial property was up by 13% in Canton. The average sales price was $541,354.
The number of mortgages recorded (938) on Canton properties in 2014 was down by 32% from the previous year. Total mortgage indebtedness actually increased by 27% to $707,780,370 during the same period.
There were 12 foreclosure deeds filed in Canton during 2014, representing a significant 140% increase from the previous year when there was 5 foreclosure deeds filed.
Finally, homestead activity decreased by 16% in Canton during 2014 with 426 homesteads filed compared to 505 in 2013.