During 2016, real estate activity in Walpole 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 Walpole in 2016. 5,902 land documents were recorded versus 5,503 in 2015.
The total volume of real estate sales in Walpole during 2016 was $243,619,335, an 11% increase from 2015. The average sales price of homes and commercial property was also up 11% in Walpole. The average sale price was $566,556.
The number of mortgages recorded (1,502) on Walpole properties in 2016 was up 20% from the previous year. However, total mortgage indebtedness decreased by 27% to $676,991,930 during the same period.
There were 5 foreclosure deeds filed against Walpole properties during 2016, representing a 29% decrease from the previous year when there were 7 foreclosure deeds recorded.
Finally, homestead activity increased 5% in Walpole during 2016 with 537 homesteads filed compared to 511 in 2015.