During 2014, real estate activity in Stoughton saw significant increases in total volume and average sales price.
There was a 15% decrease in documents recorded at the Norfolk County Registry of Deeds for Stoughton in 2014, resulting in a reduction of 984 documents from 6,438 to 5,454.
The total volume of real estate sales in Stoughton during 2014 was $261,730,796 which showed an 87% increase from 2013. The average sale price of homes and commercial property was up 94% in Stoughton. The average sale was $604,459. These numbers were impacted by the following 2014 sales transactions; $20 million sale of 501 Technology Center Drive on June 20th, $54 million sale of 400 Technology Center Drive that took place on July 2nd, and the $23 million sale of New England Sinai Hospital recorded on December 29th.
The number of mortgages recorded (1,003) on Stoughton properties in 2014 was down by 23% from the previous year. Total mortgage indebtedness also decreased by 4% to $360,140,057 during the same period.
There were 3 foreclosure deeds filed in Stoughton during 2014, representing an 80% decrease from the previous year when there was 15 foreclosure deeds filed.
Finally, homestead activity decreased 3% in Stoughton during 2014 with 475 homesteads filed compared to 489 in 2013.