During the 1st quarter of 2018, real estate activity in Foxborough 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 from the town of Foxborough during the 1st quarter 2018. 695 land documents were recorded versus 760 during the first quarter 2017.
The total volume of real estate sales in Foxborough during the 1st quarter 2018 was $19,856,803, a 22% decrease from the same time period in 2017. Also, the average sale price of homes and commercial property decreased 19% in Foxborough. The average sale price was $405,240.
The number of mortgages recorded (133) on Foxborough properties during the 1st quarter 2018 was down 14% from the previous year. Also, total mortgage indebtedness decreased by 15% to $38,705,055 during the same period.
There were 0 foreclosure deeds filed against Foxborough properties during the 1st quarter 2018 compared to 3 foreclosure deeds filed during the 1st quarter 2017.
Finally, homestead activity decreased 25% in Foxborough during the 1st quarter 2018 with 47 homesteads filed compared to 63 during the same time period in 2017.