During 2018, real estate activity in Plainville saw increases in both total sales volume and average sales price.
There was an 18% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Plainville in 2018. 1,667 land documents were recorded versus 2,023 in 2017.
The total volume of real estate sales in Plainville during 2018 was $310,710,393, a 237% increase from 2017. Also, the average sales price of homes and commercial property was up 417% in Plainville. The average sale price was $2,219,359. These figures were impacted by the $250 million sale of Plainridge Park Casino that took place on 10/17/18.
The number of mortgages recorded (326) on Plainville properties in 2018 was down 12% from the previous year. However, total mortgage indebtedness increased by 6% to $177,919,018 during the same period.
There were 7 foreclosure deeds filed against Plainville properties during 2018, representing a 133% increase from the previous year when there were 3 foreclosure deeds recorded.
Finally, homestead activity decreased 21% in Plainville during 2018 with 140 homesteads filed compared to 177 in 2017.