During 2017, real estate activity in Canton saw decreases in both total sales volume and average sales price.
There was a 9% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds for the town of Canton in 2017. 5,221 land documents were recorded versus 5,769 in 2016.
The total volume of real estate sales, both residential and commercial, in Canton during 2017 was $270,483,167, a 52% decrease from 2016. The average sale price of homes and commercial property was also down 47% in Canton. The average sales price was $623,233.
The number of mortgages recorded (1,017) against Canton properties in 2017 was down 22% from the previous year. Total mortgage indebtedness also decreased by 7% to $493,918,194 during the same period.
There were 6 foreclosure deeds filed against Canton propertes during 2017, representing a 25% decrease from the previous year when there were 8 foreclosure deeds filed.
Finally, homestead activity decreased 4% in Canton during 2017 with 490 homesteads filed compared to 510 in 2016.