During the 2nd quarter of 2016, real estate activity in Sharon saw increases in both total sales volume and average sales price.
There was a 7% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Sharon during the 2nd quarter 2016. 1,173 land documents were recorded versus 1,097 during the second quarter 2015.
The total volume of real estate sales in Sharon during the 2nd quarter 2016 was $71,208,152, a 70% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 29% in Sharon. The average sale price was $719,274.
The number of mortgages recorded (286) on Sharon properties during the 2nd quarter 2016 was up 9% from the previous year. Total mortgage indebtedness also increased 20% to $101,975,275 during the same period.
There were 2 foreclosure deeds filed against Sharon properties during 2nd quarter 2016 compared to 0 foreclosure deed filings during the 2nd quarter 2015.
Finally, homestead activity increased 20% in Sharon during the 2nd quarter 2016 with 109 homesteads filed compared to 91 during the same time period in 2015.