Brought to you by Hingham Real Estate Agent Alice Pierce
Plymouth & Norfolk County Registry of Deeds: October 2016 Real Estate Activity
In the monthly round up of October 2016 real estate activity for Plymouth County, Plymouth Register of Deeds John R. Buckley, Jr. said, “Even as the days get shorter, the sales and mortgage activity continues to rise.”
The statistical data for Plymouth County is even more striking given that the holiday season is upon us. Historically, the real estate market slows during the months of November, December and January in response to Thanksgiving, Christmas and New Year’s. The year 2016 and 2017 will likely be no exception, however, entering into the season with such strong numbers bodes well.
The Plymouth County Registry of Deeds had a 13 percent increase in sales for the first ten months of 2016 when compared to the same time period during 2015. There were 8,911 deeds recorded as of October 31st, 2016, and 7,867 were recorded during in 2015. Register John R. Buckley, Jr. said, “The 13% increase in sales attests to the
continued stability of the market. It is likely that low interest rates continue to play a role in the market stability.”
Mortgage activity as of the end of October 2016 was 10% higher than last year. There were 19,647 mortgages this year compared to 17,866 mortgages recorded by the same time last year.
Foreclosures have continued to grow to a level 38% higher than last year, but the number of foreclosure notices has not kept the same pace. In the first ten months of 2015, there were 450 foreclosures, and this year there have been 621 foreclosures, representing a 38% increase. The year-to-date recorded foreclosure notices showed only a 5% increase compared to last year. The first ten months of 2016 there were 1,174 foreclosure notices recorded compared to the 1,114 foreclosure notices recorded last year by this time.
In October 2015 there were 172 notices of foreclosure recorded compared to only 137 recorded in October of 2016. This translates to a 20% decrease for October 2016 and is the second month in a row that notice filings have decreased. September 2016 saw a 53% decrease in recorded foreclosure notices.
The Plymouth Registry of Deeds continues to display some of our countries most important documents. On Wednesday, November 30th, from 9:00 am to 3:00 pm, the Registry will display the original Plymouth Colony record for the deed that set the original boundaries for the town of Mattapoisett. This deed is dated October 3, 1673 and it can be found at “Book of Indian Deeds”, p.1.
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 or visit the Plymouth County Registry of Deeds website.
Enjoy all the positives of the south shore of Boston. Feel free to contact Coldwell Banker Realtor Alice Pierce through her website, email or telephone 781-724-7622 about articles, community information for Hingham, MA, Cohasset, MA, Hull, MA, Norwell, MA and any other South Shore towns.