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

MAY 2017

 

SALES ARE UP, HOME PRICES CONTINUE TO RISE

            Home prices are on the rise across the country and Plymouth County is no exception.  Nationally, prices have appreciated in value 59 straight months, bringing the national average to a new high, $272,000.  This is according to Black Knight Financial Services.  In Massachusetts, average  home prices hit a new peak coming in at $381,000.  Plymouth County total sales values also continue to rise.  By the end of May, 2017, the average sales price is $1,392,648,313 compared to May, 2016, sales value of $1,297,109,948, a 7% increase.

            The number of sales in Plymouth county hit the highest level in nine (9) months, but are levelling off.  Register John R. Buckley, Jr. reports through the end of May, Plymouth County recorded 3,751 sales, compared to 3,666 sales recorded by this time last year.  “This represents a levelling off of sales in real estate activity and calculates out to a modest 2% increase in sales in Plymouth County,” noted Register Buckley. One piece of good news on sales comes from first time buyers.  According to the Urban Institute, first time buyers account for 60% of purchases.  The institute submits that the increase in first time home buyers is likely due to an improving economy and falling unemployment.

             Although mortgages recorded for May were the highest in four (4) months, overall mortgage volume dropped slightly. At the end of May in 2016, Plymouth County had recorded 8,628 mortgages.  So far in 2017, that number has decreased to 7,952 mortgages recorded here in Plymouth County.  This represents a 8% decrease in mortgages year to date compared to 2016.

            Both foreclosure sales and foreclosure notices have declined this year.  Through May, 2016, Plymouth County recorded 301 foreclosure sales compared to 284 foreclosure sales recorded through May, 2017, representing a 6% drop.  The number of foreclosure notices have declined even more.  Through the end of May, the number of foreclosure notices decreased by 25% compared to last year at this time, with a total of 407 notices being recorded in 2017, as compared to 542 foreclosure notices recorded by this time in 2016.

             As part of our ongoing effort to share with the public some of America’s earliest judicial acts, on Thursday, June 30th,  from 9:00 am to 3:00 pm, the Registry will display the original Plymouth Colony deed of a 1653 transaction.  Our first Register of Deeds, William Bradford, wanted to add land to his homestead.  On February 28, 1653, Bradford purchased 100 acres of land from his neighbor Captaine Thomas Willett.  He paid Williett seven pounds sterling for 100 acres of land abutting the Jones River.  The record of this sale is found in Deeds, Volume 3, Part 2, page 215.  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 or if you would like to learn more about the Plymouth Colony Records Reading and Storage Room, please contact Assistant Register of Deeds Timothy H. White at white@plymouthdeeds.org.

 

REAL ESTATE ACTIVITY THROUGH MAY 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: 3,751

2016 sales volume: 3,666

 (2% increase)

 

2017 total sales value: $1,392,648,313

2016 total sales value: $1,297,109,948

 (7% increase)

 

2017 average sales price: $371,274

2016 average sales price: $353,822

 (5% increase)

 

2017 mortgage volume: 7,952

2016 mortgage volume: 8,628

 (8% decrease)

 

2017 average mortgage amount: $275,033

2016 average mortgage amount: $263,947

 (4% increase)

 

2017 foreclosure deeds:  284

2016 foreclosure deeds:  301

 (6% decrease)

 

2017 foreclosure notices: 407

2016 foreclosure notices: 542

 (25% decrease)

 

Foreclosures and Orders of Notice

 May 2017

Town

Foreclosure Deeds

Orders of Notice

ABINGTON

4

0

BRIDGEWATER

3

3

BROCKTON

15

23

CARVER

0

0

DUXBURY

0

2

EAST BRIDGEWATER

3

1

HALIFAX

4

3

HANOVER

0

2

HANSON

1

0

HINGHAM

0

0

HULL

1

1

KINGSTON

1

4

LAKEVILLE

1

1

MARION

0

1

MARSHFIELD

0

5

MATTAPOISETT

0

3

MIDDLEBORO

3

1

NORWELL

1

1

PEMBROKE

2

2

PLYMOUTH

3

10

PLYMPTON

0

1

ROCHESTER

0

0

ROCKLAND

3

2

SCITUATE

1

3

WAREHAM

3

5

WEST BRIDGEWATER

0

0

WHITMAN

1

3

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