During the 2nd quarter of 2018, real estate activity in Dover saw a decrease in total sales volume but an increase in average sales price.
There was a 22% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Dover during the 2nd quarter 2018. 388 land documents were recorded versus 497 during the second quarter 2017.
The total volume of real estate sales in Dover during the 2nd quarter 2018 was $40,647,270, a 27% decrease from the same time period in 2017. However, the average sale price of homes and commercial property increased 9% in Dover. The average sale price was $1,195,507.
The number of mortgages recorded (75) on Dover properties during the 2nd quarter 2018 was down 26% from the previous year. Total mortgage indebtedness also decreased 33% to $41,511,934 during the same period.
There were 0 foreclosure deeds filed against Dover properties during the 2nd quarter 2018 compared to 1 foreclosure deed filed during the 2nd quarter 2017.
Finally, homestead activity decreased 31% in Dover during the 2nd quarter 2018 with 35 homesteads filed compared to 51 during the same time period in 2017.