During the 1st quarter of 2018, real estate activity in Walpole saw a decrease in total sales volume but an increase in average sales price.
There was a 21% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Walpole during the 1st quarter 2018. 994 land documents were recorded versus 1,258 during the first quarter 2017.
The total volume of real estate sales in Walpole during the 1st quarter 2018 was $36,002,075, a 22% decrease from the same time period in 2017. However, the average sale price of homes and commercial property increased 2% in Walpole. The average sale price was $580,678.
The number of mortgages recorded (198) on Walpole properties during the 1st quarter 2018 was down 20% from the previous year. Also, total mortgage indebtedness decreased 64% to $61,329,540.
There were 3 foreclosure deeds filed against Walpole properties during the 1st quarter 2018, the same number filed during the 1st quarter 2017.
Finally, homestead activity decreased 24% in Walpole during the 1st quarter 2018 with 90 homesteads filed compared to 118 during the same time period in 2017.