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

FEBRUARY 2017

ALL IS GOOD SO FAR FOR PLYMOUTH COUNTY REAL ESTATE SALES

            This February we enjoyed record breaking weather when we saw temperatures rise to 70 degrees. Sales activity might not have broken any records but it continues to outperform last year.  Plymouth County recorded 572 deeds this February, compared to 565 deeds recorded during February, 2016.  Total sales thus far are up 5%.  2016 sales at this time were 1,202.  This year we have recorded 1,257 deeds.  Register John R. Buckley, Jr. said, ”I see it as a positive that sales have modestly increased so far this year.  Given the low inventory this is a good sign.”   

            The challenges going forward include shortage of inventory, increases in house prices, and a slowdown in the economy.  A recent Boston Globe headline read “Looking to buy a home this spring?  Good luck with that”.  The article quotes Ralph McLaughlin, the chief economist at real estate website Trulia, who said, “This spring housing market is shaping up to be another doozy for home buyers.”  In a separate article the Globe cited a Commerce Department report that the fourth quarter grew only by 1.9%.  How the spring market responds to factors like these remains to be seen.  Register Buckley added, “All I know is that our numbers are up and I am optimistic that we can continue the upward trend.”

            The increases in interest rates may be slowing down the mortgage activity.  Although total mortgages in 2017 are higher than the total number of mortgages recorded last year at this time (2,928 mortgages recorded this year compared to 2,917 mortgages recorded last year at this time), the mortgage numbers had a huge drop this February compared to February, 2016.  Plymouth County recorded 1,254 mortgages in February, down 17% from the 1,505 mortgages recorded in February, 2016.  This dramatic decline bears watching as we enter the spring market. 

            Foreclosure notices, the first document to reach the Registry in the foreclosure process, provided some very good news.  Register Buckley reports that the 180 foreclosure notices recorded thus far this year is 22% fewer than were recorded during the corresponding period in 2016, when 231 notices were recorded in Plymouth County.  The news on actual foreclosures is also good.  So far in 2017, there have been 109 foreclosures recorded in Plymouth County.  This represents an 8% decrease from the 118 foreclosures recorded at this time in 2016. 

             As part of our ongoing effort to share with the public some of America’s earliest records, on Friday, March 31st,  from 10:00 am to 3:00 pm, the Registry will display an original Plymouth Colony record of an early real estate transaction that clearly shows rising land values over the past 360 years.  The October 8, 1637 sale of four (4) acres owned by Clement Briggs of Wessaguscus located at the “Joanes Riuer”.  Briggs sold the land to John Browne of Plymouth ”in consideracon of the sume of fiue shillings in money”.  The sale is recorded at Deeds, Volume 1, page 21. 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 FOR FEBRUARY 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: 1,257

2016 sales volume: 1,202

 (5% increase)

 

2017 total sales value: $467,534,542

2016 total sales value: $420,399,414

 (11% increase)

 

2017 average sales price: $371,945

2016 average sales price: $349,750

 (6% increase)

 

2017 mortgage volume: 2,928

2016 mortgage volume: 2,917

 (0% increase)

 

2017 average mortgage amount: $274,492

2016 average mortgage amount: $247,411

 (11% increase)

 

2017 foreclosure deeds:  109

2016 foreclosure deeds:  118

 (8% decrease)

 

2017 foreclosure notices: 180

2016 foreclosure notices: 231

 (22% decrease)

 

Foreclosures and Orders of Notice

 February 2017

Town

Foreclosure Deeds

Orders of Notice

ABINGTON

3

5

BRIDGEWATER

1

3

BROCKTON

11

29

CARVER

1

1

DUXBURY

1

1

EAST BRIDGEWATER

1

1

HALIFAX

3

4

HANOVER

0

3

HANSON

0

2

HINGHAM

0

1

HULL

4

3

KINGSTON

1

4

LAKEVILLE

2

7

MARION

0

1

MARSHFIELD

1

4

MATTAPOISETT

0

0

MIDDLEBORO

5

4

NORWELL

0

3

PEMBROKE

2

2

PLYMOUTH

8

16

PLYMPTON

2

0

ROCHESTER

0

1

ROCKLAND

0

3

SCITUATE

1

2

WAREHAM

5

6

WEST BRIDGEWATER

0

3

WHITMAN

2

6

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