During 2016, real estate activity in Plainville saw an increase in total sales volume but a small decrease in average sales price.
There was a 9% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Plainville in 2016. 2,076 land documents were recorded versus 1,910 in 2015.
The total volume of real estate sales in Plainville during 2016 was $69,718,926, a 21% increase from 2015. However, the average sales price of homes and commercial property was down 2% in Plainville. The average sale price was $353,903.
The number of mortgages recorded (425) on Plainville properties in 2016 was up 5% from the previous year. However, total mortgage indebtedness decreased by 84% to $115,781,077 during the same period.
There were 10 foreclosure deeds filed against Plainville properties during 2016, representing a 100% increase from the previous year when there were 10 foreclosure deeds recorded.
Finally, homestead activity increased 21% in Plainville during 2016 with 185 homesteads filed compared to 153 in 2015.