During the 3rd quarter of 2018, real estate activity in Canton saw an increase in total sales volume and but a decrease in average sales price.
There was a 2% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Canton during the 3rd quarter 2018. 1,393 land documents were recorded versus 1,363 during the third quarter 2017.
The total volume of real estate sales in Canton during the 3rd quarter 2018 was $77,538,017, a 5% increase from the same time period in 2017. However, the average sale price of homes and commercial property was down 1% in Canton. The average sale price was $591,893.
The number of mortgages recorded (235) on Canton properties during the 3rd quarter 2018 was down 17% compared to the previous year. Also, total mortgage indebtedness decreased 25% to $80,438,039 during the same period.
There was 1 foreclosure deed filed against a Canton property during the 3rd quarter 2018 compared to 2 foreclosure deeds filed during the 3rd quarter 2017.
Finally, homestead activity decreased 1% in Canton during the 3rd quarter 2018 with 144 homesteads filed compared to 146 during the same time period in 2017.