During the 1st quarter of 2019, real estate activity in Plainville saw decreases in both total sales volume and average sales price.
There was a 24% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Plainville during the 1st quarter 2019. 308 land documents were recorded versus 404 during the first quarter 2018.
The total volume of real estate sales in Plainville during the 1st quarter 2019 was $9,918,955, a 45% decrease from the same time period in 2018. Also, the average sale price of homes and commercial property decreased 43% in Plainville. The average sale price was $354,248. These figures were impacted by an $8.2 million deed recorded on 1/26/18.
The number of mortgages recorded (59) on Plainville properties during the 1st quarter 2019 was down 18% from the previous year. Also, total mortgage indebtedness decreased 73% to $20,752,282.
There was 1 foreclosure deed filed against a Plainville property during the 1st quarter 2019, compared to 3 filed during the 1st quarter 2018.
Finally, homestead activity increased 9% in Plainville during the 1st quarter 2019 with 25 homesteads filed compared to 23 during the same time period in 2018.