33% Growth in Hingham, South Shore Home Sales

Hingham Real Estate Trends

Hingham Real Estate Trends

Plymouth County Registry of Deeds: April 2016 Real Estate Activity brought to you by Hingham Real Estate Agent Alice Pierce

33% Growth in Hingham, South Shore Home Sales

John R. Buckley, Jr, Register of Deeds for Plymouth County, reported a 33% increase in real estate sales for the first quarter of 2016 when compared to last year’s quarterly data. A period of lower inventory of active real estate listings in Hingham and surrounding Plymouth County towns has not hindered the continued rise in sales.

“This is a terrific start for our spring market. It will be interesting to see if the inventory available in the next couple of months is able to keep up the pace,” Buckley said.

Recorded homes sales increased by a third when compared to the same time period in 2015. “The Plymouth County Registry of Deeds recorded 2,755 sales this year compared to 2,067 sales by this time last year,” reported Register John R. Buckley, Jr.

Looking at the data from April of 2016, home sales totaled 780 and in April of 2015 there were 583 sales recorded. Recorded mortgages increased by 7%. in April of 2016 when 1,815 mortgages were recorded compared to 1,698 mortgages in April of 2015.

The year-to-date figures that express the 33% increase in Plymouth County real estate sales thus far are 2,755 homes sold in 2016 compared to 2,067 in the year 2015. The sales volume totaled $953,210,912 so far this year, and $698,298,244 in 2015.

The numbers of foreclosure sales and foreclosure notices are still rising. Foreclosures rose by 49% in 2016 so far when compared to the same time period in 2015, and notices are up by 52% when using the same year-to-date comparison. While Buckley expressed some concern, he said “The number of foreclosure notices has continued to climb. Hopefully these numbers will stabilize.”

The Norfolk County Registry of Deeds saw an 18% increase in Norfolk County real estate sales for this year’s first quarter when compared the first quarter of 2015. Norfolk County Registry of Deeds has an increase in foreclosure activity as well.

Register William P. O’Donnell said, “I agree with the prevailing feeling that the increased foreclosure filings are attributable to lending institutions working through past delinquent mortgage loans, some going back to the 2008 economic downturn.”

Of note this month at the Plymouth County Registry of Deeds is a showing of the original Plymouth Colony law on forgery from 1645 on Friday, May 27th, from 9:00 am to 3:00 pm. For more information you may call Lorna Green-Baker at 508-830-9290 or visit the Plymouth County Registry of Deeds website.

 


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