During 2016, real estate activity in Foxborough saw decreases in both total sales volume and average sales price.
There was a 10% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Foxborough in 2016. 3,821 land documents were recorded versus 3,480 during 2015.
The total volume of real estate sales in Foxborough during 2016 was $135,544,172, a 20% decrease from 2015. Also, the average sales price of homes and commercial property was down 20% in Foxborough. The average sale price was $480,653.
The number of mortgages recorded (882) on Foxborough properties in 2016 was up 15% from the previous year. Total mortgage indebtedness increased 84% to $945,429,911.
There were 6 foreclosure deeds filed against Foxborough properties during 2016, representing a 40% decrease from the previous year when there were 10 foreclosure deeds filed.
Finally, homestead activity increased 9% in Foxborough during 2016 with 322 homesteads filed compared to 295 in 2015.