Monthly Register's Report

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

JUNE 2021

SALES & MORTGAGE NUMBERS REMAIN HIGH AS FISCAL YEAR CLOSES

 

            Each fiscal year revenues generated by the Registry of Deeds are estimated for budgeting purposes.  Fiscal year 2021 came to a close on June 30.  “Notwithstanding the ongoing pandemic, Plymouth County real estate transactions exceeded all our expectations,” said Register John R. Buckley, Jr.. Total revenues exceeded estimates by approximately $2.2 million dollars, representing about a 35% increase in expected revenues.  Total revenues were estimated to be $5.6 million dollars.  Actual revenues have come in at $7.8 million dollars. 

            Plymouth County reports 1,127 sales in June, 2021, compared to 836 sales in June, 2020.  “That’s the most monthly sales we have seen this year,” noted Register Buckley.  “The demand appears relatively unaffected by the continued increase in home prices,” added Register Buckley.  The average sales price of a single-family home in Plymouth County jumped 17% compared to last June.  The average sales price today is $532,214.  Last year at this time the average sales price was $453,063.  The total sales volume for 2021 year-to-date exceeds 2020 sales by 22%.  Thus far in 2021, there have been 4,981 sales in Plymouth County, compared to 4,075 sales for the same time period in 2020.   The 170,232 number of documents recorded during FY 2021 are the highest number of documents recorded since 2006.

            In addition, Plymouth County recorded 3,115 mortgages during the month of June.  “We have recorded over 3,000 mortgages during each month except one during the past twelve months,” said Register of Deeds Buckley.   “The low interest rates have fueled the surge in mortgages.  Last year at this time Plymouth County had recorded 14,514 mortgages, representing a 57% increase over 2019.  This year at the half-way mark, 20,121 mortgages have been recorded, representing another 39% increase in mortgage recordings,” reports the Register.  With interest rates recently again dropping below 3%, it is likely that the number of recordings will continue to be robust.

            Year-to-date there have been 30 foreclosure deeds recorded compared to 108 foreclosure deeds recorded through June, 2020. This amounts to a 72% decline in foreclosure deed recorded.  There were 17 notices initiating new foreclosures recorded in June, compared to zero notices that were recorded in June, 2020. Thus far this year there have been 90 foreclosure notices recorded, compared to the 202 foreclosure notices recorded through June, 2020, most of which were pre-pandemic.  This represents a 56% decline in those recordings. With the impending expiration of the moratoriums, it is likely that the number of foreclosures will increase in the coming months. 

            As part of our ongoing effort to share with the public some of America’s oldest records, we are attaching a copy of a deed from 1637, recognizing the old custom of dowry.   On “The seauenth Day of ffebruary … Mrs Elizabeth Warren of the Eelle Riuer for and in consideration of a Marriage … transferred … one lot of land …containeing eighteene acrees …” to her daughter Sarah’s husband, John Cooke.”  Plymouth Colony Records, Deeds, Vol. 1, Part 1, p. 30.  

            The Register is happy to report that the Registry and the satellites are now open to the public.  Register Buckley recognizes the outstanding service of the Registry staff throughout the pandemic.  “I congratulate our staff for their hard work and their dedication during these trying times,” said Register Buckley.

            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 JUNE 2021

COMPARED TO THE SAME PERIOD IN 2020

 

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

 

2021 sales volume: 4,981

2020 sales volume: 4,075

(22% increase)

 

2021 total sales value: $2,650,960,000

2020 total sales value: $1,846,230,650

(44% increase)

 

2021 average sales price: $532,214

2020 average sales price: $453,063

(17% increase)

 

2021 mortgage volume:  20,121

2020 mortgage volume:  14,517

(39% increase)

 

2021 average mortgage amount: $343,805

2020 average mortgage amount: $329,789

(4% increase)

 

2021 foreclosure deeds:   30

2020 foreclosure deeds:  108

(72% decrease)

 

2021 foreclosure notices:  90

2020 foreclosure notices: 202

(56% decrease)

 

 

 

Foreclosures and Orders of Notice

 June 2021

Town

Foreclosure Deeds

Orders of Notice

ABINGTON

0

0

BRIDGEWATER

0

1

BROCKTON

0

7

CARVER

0

0

DUXBURY

0

0

EAST BRIDGEWATER

0

0

HALIFAX

0

0

HANOVER

0

0

HANSON

0

0

HINGHAM

0

0

HULL

0

1

KINGSTON

0

0

LAKEVILLE

0

0

MARION

0

0

MARSHFIELD

1

1

MATTAPOISETT

0

0

MIDDLEBORO

0

0

NORWELL

0

2

PEMBROKE

0

1

PLYMOUTH

0

3

PLYMPTON

0

0

ROCHESTER

0

0

ROCKLAND

1

0

SCITUATE

0

0

WAREHAM

0

1

WEST BRIDGEWATER

0

0

WHITMAN

0

0