November, 2015: Plymouth County Registry of Deeds Monthly Report
The Plymouth County Registry of Deeds published its monthly report for the month of November, 2015 and reported that in spite of the traditional holiday slowing, the real estate market continues to improve.
The stability of the real estate market in Plymouth county has proven itself over the past eleven months of 2015 by showing continuing growth in home sales and closings. The volume of house sales, the price of homes and monthly mortgage activities are higher when compared to the same eleven months of 2014.
The Plymouth County Registry of Deeds recorded 725 deeds in November of this year, showing a slight increase when compared to the 700 recorded in the same month last year. While October of 2015 saw 902 deeds recorded, November’s decrease is likely a result of typical seasonal decreases due to the holidays.
The cumulative Plymouth County 2015 numbers through this November show a 6% increase over the number of recordings through November of last year. As of November 30th, 2015, the Plymouth County Registry of Deeds has recorded 8,592 deeds, compared to 8,096 deeds at this the same time last year.
Plymouth County Register of Deeds John R. Buckley, Jr. reported that the average sale price in Plymouth County so far this year was $359,304, representing a 2% increase over the 2014 average sales price of $352,537.
The Registry numbers show that mortgage activity has declined slightly with the onset of the holiday season. The Registry recorded 1,545 mortgages in November, compared to the 1,803 mortgages recorded last month.
“More significantly, with only a month of activity ahead of us, we have already seen a 26% increase in mortgages recorded in 2015, compared to this time last year,” noted Register John R. Buckley, Jr. The Registry recorded 19,411 mortgages through November, 2015, compared to 15,345 mortgages through November, 2014. Register Buckley adds, “The 26% year-long increase in mortgage recordings is a welcome sight.”
Like the sales and mortgage market, the foreclosure activity in Plymouth County also slowed down in November. The Plymouth County Registry of Deeds recorded 156 foreclosures in November 2015 compared to 172 in October. The year to date numbers still remain much higher than last year. In the first eleven months of 2014, there were 356 foreclosures, and so far in 2015 there have been 503 foreclosures, representing a 41% increase.
The number of new foreclosure notices were also down in November. There were 156 foreclosure notices recorded by November 2015 compared to 172 recorded by the end of this past October. There have been 1,270 foreclosure notices so far this year compared to 895 foreclosure notices recorded by the same time last year.