During the 1st quarter of 2018, real estate activity in Plainville saw a decrease in total sales volume but an increase in average sales price.
There was a 10% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Plainville during the 1st quarter 2018. 404 land documents were recorded versus 450 during the first quarter 2017.
The total volume of real estate sales in Plainville during the 1st quarter 2018 was $17,983,369, a 4% decrease from the same time period in 2017. However, the average sale price of homes and commercial property increased 52% in Plainville. The average sale price was $620,116.
The number of mortgages recorded (72) on Plainville properties during the 1st quarter 2018 was down 14% from the previous year. However, total mortgage indebtedness increased 182% to $75,898,822. This figure was impacted by a $55 million mortgage taken out against a Plainville property on 3/7/18.
There were 3 foreclosure deeds filed against Plainville properties during the 1st quarter 2018 compared to 0 foreclosure deeds filed during the 1st quarter 2017.
Finally, homestead activity decreased 39% in Plainville during the 1st quarter 2018 with 23 homesteads filed compared to 38 during the same time period in 2017.