During 2016, real estate activity in Stoughton saw increases in both total sales volume and average sales price.
There was a 10% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Stoughton in 2016. 6,317 land documents were recorded versus 5,743 in 2015.
The total volume of real estate sales in Stoughton during 2016 was $251,974,380, a 52% increase from 2015. The average sales price of homes and commercial property was up 35% in Stoughton. The average sale price was $493,100.
The number of mortgages recorded (1,299) on Stoughton properties in 2016 was up 17% from the previous year. Total mortgage indebtedness increased by 11% to $367,214,383 during the same period.
There were 22 foreclosure deeds filed against Stoughton properties during 2016, representing a 38% increase from the previous year when there were 16 foreclosure deeds recorded.
Finally, homestead activity increased 15% in Stoughton during 2016 with 540 homesteads filed compared to 470 in 2015.