During the 1st quarter of 2019, real estate activity in Foxborough saw increases in both total sales volume and average sales price.
There was an 8% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Foxborough during the 1st quarter 2019. 640 land documents were recorded versus 695 during the first quarter 2018.
The total volume of real estate sales in Foxborough during the 1st quarter 2019 was $21,418,497, an 8% increase from the same time period in 2018. Also, the average sale price of homes and commercial property increased 15% in Foxborough. The average sale price was $465,619.
The number of mortgages recorded (114) on Foxborough properties during the 1st quarter 2019 was down 14% from the previous year. However, total mortgage indebtedness increased 10% to $42,516,170 during the same period.
There was 1 foreclosure deed filed against a Foxborough property during the 1st quarter 2019 compared to 0 foreclosure deeds filed during the 1st quarter 2018.
Finally, homestead activity increased 6% in Foxborough during the 1st quarter 2019 with 50 homesteads filed compared to 47 during the same time period in 2018.