Monthly Register's Report

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For more information, please contact Lorna Green-Baker at Register Buckley’s office (508) 830-9298

 

JOHN R. BUCKLEY, JR., REGISTER OF DEEDS

PLYMOUTH COUNTY REAL ESTATE ACTIVITY FOR

MARCH 2017

SPRING MARKET SHOWS PROMISE

            As the first quarter of 2017 came to a close Plymouth County Register of Deeds John R. Buckley, Jr. reports that the real estate sales activity in Plymouth County has had a solid start.   The total sales volume for the first quarter of 2017 showed a slight increase over the sales volume for the busy first quarter of 2016.  The Registry of Deeds recorded 1,975 deeds during the first quarter of 2016.  This year the Registry has thus far recorded 2,016 deeds. This represents a 2% increase in sales volume.  The average sales price increased from $345,112 to $363,879, a 5% increase.  “We are seeing a steady start to the spring market. I am optimistic that it will be a good one," commented Register John R. Buckley, Jr.

            Another reason for optimism comes from the National Association of Home Builders.  The association reports that single family construction, multi-family construction, and home improvement spending are all on the rise.  Single family construction has increased by 3.4% and multi-home construction has increased by 10.6%. 

            Mortgage volume has slowed a bit, but given the recent increase in interest rates, this was expected.   Plymouth County recorded 1,645 mortgages in March, down from the 1,963 mortgages recorded in March, 2015.  Over the course of the quarter, Plymouth County saw a 6% decrease in volume, from 4,573 mortgages recorded in the first quarter in 2017, down from 4,880 mortgages recorded during the same period last year. 

            Continued increases in property values has affected the current equity landscape and this will likely continue into 2017.  Ben Graboske, an executive vice president with Black Knight Financial Services notes that “December, 2016 marked 56 consecutive months of annual home price appreciation.”  These increases in property values have also increased the tappable equity available and for some properties previously underwater, it has closed the gap.

            The number of sales taking place by way of foreclosure continues to fall.  In the first quarter of 2017, Plymouth County recorded 175 foreclosure deeds, down by 10% from the 194 foreclosure deeds recorded in the first quarter of 2016.  “The continued drop in this number is good news for Plymouth County," said Buckley.

            In 2016, Plymouth County recorded 350 notices initiating new foreclosures over the course of the first three months.  This year, that number decreased 24%, to 265 notices recorded at the Registry.

            As part of our ongoing effort to share with the public some of Plymouth County’s notable records and in recognition of the start of the 2017 baseball season and Opening Day at Fenway Park we have for public viewing in the display case in the entryway several baseball related land records.  We have the deeds of Dom DiMaggio, Mickey Cochrane, Billy McGunnigle, Ken Coleman, Honey Fitz (who threw out the first pitch when Fenway opened), King Kelly, Franklin Sports, and Ted Williams’ famous baseball camp. Go Sox!           

            If you would like to receive a copy of our monthly report by e-mail, please contact Assistant Register of Deeds Timothy H. White at white@plymouthdeeds.org.

 

REAL ESTATE ACTIVITY THROUGH MARCH 2017

COMPARED TO THE SAME PERIOD IN 2016

 

All figures are based on sales or mortgages between $25,000.00 and $3,000,000.

 

2016 sales volume: 1,975

2017 sales volume: 2,016

 (2% increase)

 

2016 total sales value: $681,596,774

2017 total sales value: $733,579,909

 (8% increase)

 

2016 average sales price: $345,112

2017 average sales price: $363,879

(5% increase)

 

2016 mortgage volume: 4,880

2017 mortgage volume: 4,573

(6% decrease)

 

2016 average mortgage amount: $252,581

2017 average mortgage amount: $277,244

 (10% increase)

 

2016 foreclosure deeds:  194

2017 foreclosure deeds:  175

 (10% decrease)

 

2016 foreclosure notices: 350

2017 foreclosure notices: 265

 (24 % decrease)

 

Foreclosures and Orders of Notice

 March 2017

Town

Foreclosure Deeds

Orders of Notice

ABINGTON

3

2

BRIDGEWATER

0

1

BROCKTON

16

24

CARVER

5

5

DUXBURY

0

1

EAST BRIDGEWATER

1

3

HALIFAX

0

1

HANOVER

0

2

HANSON

1

3

HINGHAM

1

2

HULL

2

1

KINGSTON

1

2

LAKEVILLE

1

0

MARION

0

0

MARSHFIELD

2

2

MATTAPOISETT

0

1

MIDDLEBORO

3

6

NORWELL

0

0

PEMBROKE

0

2

PLYMOUTH

8

17

PLYMPTON

2

0

ROCHESTER

0

0

ROCKLAND

4

1

SCITUATE

2

1

WAREHAM

7

5

WEST BRIDGEWATER

2

2

WHITMAN

5

1

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