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

SEPTEMBER 2017

 

SALES STABLE, MORTGAGES AND FORECLOSURES DOWN

 

            Last year at this time we reported that both sales and mortgages were on the rise.  A year later the sales numbers remain strong while the mortgage activity has slowed.  Plymouth County Register of Deeds John R. Buckley, Jr. reported 1,000 sales in September, bringing the total through the third quarter of 2017 to 8,245.  “September is the 4th consecutive month during which we closed 1,000 or more sales,” Register Buckley noted.  Overall Plymouth County showed a 3% increase in sales numbers over the 8,018 deeds recorded at this point in 2016. 

            The average sale price has remained fairly stable, with the year-to-date average rising 4% compared to September, 2016.  The average sale price is $386,816 through the third quarter compared to $371,249 through the third quarter of 2016.  “These are positive signs for the market,” Buckley added.

            Refinances have slowed as seen in the mortgage numbers.  Plymouth County recorded 1,894 mortgages in September, bringing the year-to-date total to 15,704.  By way of comparison, Plymouth County recorded 17,443 mortgages during the first three quarters of 2016, and 2,229 during last September.  “Increasing rates and perhaps saturation of the market have played a role in the reductions in the volume of mortgages,” Buckley said.  “The 10% decrease is noteworthy, but it may well be a sign of where the market is going.” 

            The continued reductions in foreclosures remains a positive indicator for the health of the overall real estate market.  “We are down 6% from the number of foreclosure deeds we recorded in 2016,”  Buckley explained.  516 foreclosure deeds were recorded in the first three quarters of 2017, compared to 550 foreclosure deeds recorded in the first three quarters of 2016. “Given the decrease in foreclosures and the even larger decrease in foreclosure notices which represent the first step in the foreclosure process, I believe that we will see fewer foreclosures in 2017, than we saw last year,” said Register Buckley. 

            The downward trend seen in the number of foreclosure deeds is even more pronounced in the number of foreclosure notices, recorded at the Registry.  Plymouth County recorded only 43 foreclosure notices in September, which represents the lowest number in over two (2) years.  The year to date numbers show a similar decline.  For the first three quarters of 2017, Plymouth County recorded 672 foreclosure notices compared to 1,037 recorded in 2016, a 35% drop.  “We will continue to monitor the trends in foreclosures.  Certainly for the past year, the trend is a good one,” added Register Buckley.           

            As part of our ongoing effort to share with the public some of America’s oldest records, on Friday, October 28th,  from 9:00 am to 3:00 pm, the Registry will display the original Plymouth Colony record describing a real estate transaction wherein property was  “sold to Mr. Willett Mr. Allertons house att Plymouth att the rate of…” seven pounds.  This same property subsequently became the first courthouse in our country.  Deeds, Vol. II, Part I, p. 32.  The Plymouth Colony Records, Storage and  Reading Room is located on the second floor of the Plymouth County Registry building at 50 Obery Street, Plymouth.  Call Lorna Green-Baker at (508) 830-9290 for further information. 

 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 SEPTEMBER 2017

COMPARED TO THE SAME PERIOD IN 2016

 

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

 

2017 sales volume: 8,245

2016 sales volume: 8,018

 (3% increase)

 

2017 total sales value: $3,189,295,779

2016 total sales value: $2,976,673,211

 (7% increase)

 

2017 average sales price: $386,816

2016 average sales price: $371,249

 (4% increase)

 

2017 mortgage volume: 15,704

2016 mortgage volume: 17,443

 (10% decrease)

 

2017 average mortgage amount: $279,923

2016 average mortgage amount: $275,458

 (2% increase)

 

2017 foreclosure deeds:  516

2016 foreclosure deeds:  550

(6% decrease)

 

2017 foreclosure notices: 672

2016 foreclosure notices: 1,037

 (35% decrease)

 

 

Foreclosures and Orders of Notice

 September 2017

Town

Foreclosure Deeds

Orders of Notice

ABINGTON

1

0

BRIDGEWATER

6

1

BROCKTON

13

14

CARVER

3

0

DUXBURY

0

0

EAST BRIDGEWATER

1

0

HALIFAX

0

0

HANOVER

1

1

HANSON

0

2

HINGHAM

1

1

HULL

0

0

KINGSTON

1

1

LAKEVILLE

1

1

MARION

4

0

MARSHFIELD

2

0

MATTAPOISETT

0

0

MIDDLEBORO

0

1

NORWELL

0

1

PEMBROKE

1

1

PLYMOUTH

9

8

PLYMPTON

0

0

ROCHESTER

1

0

ROCKLAND

0

4

SCITUATE

3

0

WAREHAM

3

4

WEST BRIDGEWATER

1

0

WHITMAN

0

3

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