During 2019, real estate activity in Randolph saw decreases in both total sales volume and average sales price.
There was a 5% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Randolph during 2019. 5,822 land documents were recorded versus 5,570 during 2018.
The total volume of real estate sales in Randolph during 2019 was $185,919,341, a 32% decrease from 2018. Also, the average sale price of homes and commercial property decreased 29% in Randolph. The average sale price was $392,234. These figures were impacted by a $70 million transaction recorded against a Randolph property on 5/29/18.
The number of mortgages recorded (1,147) on Randolph properties during 2019 was up 15% from the previous year. Total mortgage indebtedness came in at $399,148,251, no statistical change from 2018.
There were 18 foreclosure deeds filed against Randolph properties during 2019 compared to 27 foreclosure deeds filed during 2018.
Finally, homestead activity decreased 1% in Randolph during 2019 with 488 homesteads filed compared to 491 during 2018.