During 2019, real estate activity in Walpole saw significant 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 Walpole during 2019. 5,534 land documents were recorded versus 5,053 during 2018.
The total volume of real estate sales in Walpole during 2019 was $572,245,123, a 100% increase from 2018. Also, there was a 119% increase in the average sale price of homes and commercial property in Walpole. The average sale price was $1,315,506. These figures were impacted by the $270 million sale of Windsor Gardens apartment complex on 8/23/19. Property for the site is located in both Norwood and Walpole.
The number of mortgages recorded (1,247) on Walpole properties during 2019 was up 19% from the previous year. However, total mortgage indebtedness decreased 10% to $518,754,515.
There were 7 foreclosure deeds filed against Walpole properties during 2019 compared to 5 foreclosure deeds filed during 2018.
Finally, homestead activity increased 3% in Walpole during 2019 with 563 homesteads filed compared to 545 during 2018.