During 2017, real estate activity in Walpole saw increases in both total sales volume and average sales price.
There was a 9% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Walpole in 2017. 5,377 land documents were recorded versus 5,905 in 2016.
The total volume of real estate sales in Walpole during 2017 was $481,202,472, a 97% increase from 2016. The average sales price of homes and commercial property was also up 89% in Walpole. The average sale price was $1,069,338. These numbers were impacted by the $199 million sale of Windsor Gardens property in April, 2017. Windsor Gardens contains property in both Walpole and Norwood.
The number of mortgages recorded (1,080) on Walpole properties in 2017 was down 28% from the previous year. However, total mortgage indebtedness increased by 24% to $838,230,850 during the same period.
There were 11 foreclosure deeds filed against Walpole properties during 2017, representing a 120% increase from the previous year when there were 5 foreclosure deeds recorded.
Finally, homestead activity increased 3% in Walpole during 2017 with 552 homesteads filed compared to 537 in 2016.