During the 1st quarter of 2018, real estate activity in Stoughton saw increases in both total sales volume and average sales price.
There was a 5% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Stoughton during the 1st quarter 2018. 1,207 land documents were recorded versus 1,274 during the first quarter 2017.
The total volume of real estate sales in Stoughton during the 1st quarter 2018 was $51,268,060, a 43% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 38% in Stoughton. The average sale price was $545,404.
The number of mortgages recorded (220) on Stoughton properties during the 1st quarter 2018 was up 3% from the previous year. Also, total mortgage indebtedness increased 174% to $452,948,392.
There were 6 foreclosure deeds filed against Stoughton properties during the 1st quarter 2018 compared to 7 foreclosure deeds filed during the 1st quarter 2017.
Finally, homestead activity increased 8% in Stoughton during the 1st quarter 2018 with 108 homesteads filed compared to 100 during the same time period in 2017.