During 2016, real estate activity in Canton saw increases in both 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 for the town of Canton in 2016. 5,776 land documents were recorded versus 5,345 in 2015.
The total volume of real estate sales, both residential and commercial, in Canton during 2016 was $560,844,542, a 51% increase from 2015. The average sale price of homes and commercial property was also up 40% in Canton. The average sales price was $1,173,314.
The number of mortgages recorded (1,297) against Canton properties in 2016 was up 12% from the previous year. Total mortgage indebtedness actually decreased by 19% to $532,518,894 during the same period.
There were 8 foreclosure deeds filed against Canton propertes during 2016, representing a 60% increase from the previous year when there were 5 foreclosure deeds filed.
Finally, homestead activity increased 10% in Canton during 2016 with 510 homesteads filed compared to 463 in 2015.