During the 1st quarter of 2018, real estate activity in Randolph saw increases in both total sales volume and average sales price.
There was a 9% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Randolph during the 1st quarter 2018. 1,246 land documents were recorded versus 1,374 during the first quarter 2017.
The total volume of real estate sales in Randolph during the 1st quarter 2018 was $34,000,851, an 8% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 5% in Randolph. The average sale price was $369,574.
The number of mortgages recorded (200) on Randolph properties during the 1st quarter 2018 was down 15% from the previous year. Also, total mortgage indebtedness decreased 18% to $53,301,850.
There were 13 foreclosure deeds filed against Randolph properties during the 1st quarter 2018 compared to 9 foreclosure deeds filed during the 1st quarter 2017.
Finally, homestead activity increased 7% in Randolph during the 1st quarter 2018 with 97 homesteads filed compared to 91 during the same time period in 2017.