Plymouth County real estate, as measured by the filing of real estate documents in 2012, saw continuing improvement. The Plymouth County Registry of Deeds saw more douments recorded than in any year since 2006.
The number of sales were up 15% over 2011 activity. Even more impressive were the number of mortgages recorded in 2012. There were 28,507 mortgages recorded in 2012 as compared to 21,571 in 2011, a 32% increase. Historically low interest rates are expected to continue well into 2013.
The foreclosure crisis is continuing although at a slower pace.
With one month to go in 2012, the Plymouth County real estate market is coming to a strong close. Sales are up 16% and recorded mortgages are up 34% through the end of November, 2012 begin with what was termed by many an “early spring market” and in comparison with 2011 has been stronger each month than last year. We have recorded 128,619 recorded land and land court instruments though November 30th. In all of 2011, we recorded 119,394 instruments.
Join us for a hands-on training seminar on how to use our online search to it’s maximum potential, tomorrow, Tuesday, October 23rd, beginning at 4:30 p.m. Please call Lorna Green-Baker at 508-830-9290 to register. As our online indexes continue to go back in time (soon to be back to 1915) an understanding of our available online resources and how to access them becomes increasingly important. Don’t miss this free opportunity! Click here for more information.
In an effort to continue providing expanded access for online research, both our Grantor and Grantee Indexes are now available back to 1925. While a Massachusetts title examination typically requires a fifty year search, our online index search now extends over seventy five years.
June recordings continued a strong six-month stretch for recordings of both deeds and mortgages at the Plymouth County Registry of Deeds. The 847 deeds recorded in June were the highest number of sales in two years. Mortgage recordings were also up significantly in the first half of 2012.
In our report on real estate activity for the month of May, you can see a very strong beginning to 2012. We saw 807 deeds recorded, which brought deeds recorded for 2012 up to 3012–a 19% increase over the first five months of 2011.
In addition, we saw mortgage recordings continue to increase year-to-date over 2011mortgage recordings. The 2446 mortgages recorded in May resulted in a 34% increase in mortgages recorded as compered to the same time period for 2011.
The April 2012 recording numbers at the Plymouth County Registry of Deeds show continued gradual improvement in the Plymouth County housing market. Positive trends, particularly in the areas of property sales and mortgage refinancing over the first four months of 2012 have continued.
Last week, we were happy to be part of a Plymouth and South Shore Association of Realtors (PASS) membership meeting at their headquarters in Pembroke, on the topic of “How to Navigate the Plymouth County Registry of Deeds”. Our presentation included an Introduction to Registry Resources and a presentation by Information Systems Department Head, Christine Richards, on conducting on-line research.
Over the past weekend, a groundbreaking ceremony was held on the grounds of Brockton High School for a statue commemorating Rocky Marciano. The World Boxing Council has commissioned the statue, to be located near the Forest Avenue entrance to Brockton High School, across from the Little Red Schoolhouse.
Our report on real estate activity in Plymouth County for February is available. What many realtors have been calling the emergence of an early “Spring Market” has certainly been demonstrated by our recording activity over the month of February. There were 531 deeds recorded in February, 2012 compared to 401 deeds recorded in February, 2011, a 32% increase.