During the 1st quarter of 2018, real estate activity in Wrentham saw increases in both total sales volume and average sales price.
There was a 17% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Wrentham during the 1st quarter 2018. 521 land documents were recorded versus 628 during the first quarter 2017.
The total volume of real estate sales in Wrentham during the 1st quarter 2018 was $23,048,515, a 32% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 71% in Wrentham.
The number of mortgages recorded (103) on Wrentham properties during the 1st quarter 2018 was down 10% from the previous year. However, total mortgage indebtedness increased 138% to $70,730,671. This figure was impacted by a $41.7 million mortgage that was recorded against a commercial development property during the first quarter.
There was 1 foreclosure deed filed against a Wrentham property during the 1st quarter 2018 compared to 3 foreclosure deeds filed during the 1st quarter 2017.
Finally, homestead activity decreased 15% in Wrentham during the 1st quarter 2018 with 44 homesteads filed compared to 52 during the same time period in 2017.