During the 2nd quarter of 2016, real estate activity in Dover saw a large increase in total sales volume but a decrease in average sales price.
There was a 29% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Dover during the 2nd quarter 2016. 578 land documents were recorded versus 449 during the second quarter 2015.
The total volume of real estate sales in Dover during the 2nd quarter 2016 was $55,794,326, a 48% increase from the same time period in 2015. However, the average sale price of homes and commercial property decreased 9% in Dover. The average sale price was $978,847.
The number of mortgages recorded (135) on Dover properties during the 2nd quarter 2016 was up 41% from the previous year. Total mortgage indebtedness also increased by 41% to $77,143,639 during the same period.
There were 0 foreclosure deeds filed against Dover properties during 2nd quarter 2016, the same number of foreclosure deed filings during the 2nd quarter 2015.
Finally, homestead activity increased 34% in Dover during the 2nd quarter 2016 with 55 homesteads filed compared to 41 during the same time period in 2015.