During 2019, real estate activity in Canton saw decreases in both total sales volume and average sales price.
There was a 5% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Canton during 2019. 5,092 land documents were recorded versus 4,868 during 2018.
The total volume of real estate sales in Canton during 2019 was $368,337,686, a 31% decrease from 2018. Also, the average sale price of homes and commercial property was down 23% in Canton. The average sale price was $918,547. These figures were impacted by the $76 million sale of the former Reebok headquarters that took place on 3/14/18.
The number of mortgages recorded (1,113) on Canton properties during 2019 was up 23% compared to the previous year. Also, total mortgage indebtedness increased 20% to $718,552,826 during the same period.
There were 3 foreclosure deeds filed against Canton properties during quarter 2019 compared to 2 filed during 2018.
Finally, homestead activity decreased 8% in Canton during 2019 with 437 homesteads filed compared to 477 during 2018.