During 2019, real estate activity in Foxborough saw decreases in both total sales volume and average sales price.
There was a 4% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Foxborough during 2019. 3,425 land documents were recorded versus 3,289 during 2018.
The total volume of real estate sales in Foxborough during 2019 was $222,362,896, a 36% decrease from the same time period in 2018. Also, the average sale price of homes and commercial property decreased 32% in Foxborough. The average sale price was $788,520.
The number of mortgages recorded (769) on Foxborough properties during 2019 was up 16% from the previous year. Also, total mortgage indebtedness increased 144% to $491,338,799 during the same period.This particular figure was impacted by a $115.5 mortgage recorded against a Foxborough property on 12/31/19.
There were 3 foreclosure deeds filed against Foxborough properties during 2019 compared to 2 foreclosure deeds filed during 2018.
Finally, homestead activity increased 6% in Foxborough during 2019 with 321 homesteads filed compared to 304 during 2018.