Real Estate activity in Quincy, MA during the 2nd quarter of 2015 saw increases in both total real estate sales volume and borrowing.
There was a 22% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the city of Quincy during the 2nd quarter of 2015. 4,309 land documents were recorded versus 3,538 during the 2nd quarter of 2014.
The total dollar volume of real estate sales in Quincy during the 2nd quarter of 2015 was $269,295,446, a 60% increase over 2014 2nd quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $723,912, a 43% increase from the same time period in 2014.
The number of mortgages recorded against Quincy properties during the 2nd quarter of 2015 was 870, a 33% increase from the 2nd quarter 2014 number. Total mortgage indebtedness was $341,189,004 for the quarter compared to $156,052,432 for the 2nd quarter 2014.
There were 7 foreclosure deeds filed against Quincy properties during the 2nd quarter 2015.
Finally, homestead activity increased in Quincy during the 2nd quarter 2015 with 370 Homesteads recorded representing a 26% increase from the 2nd quarter 2014 total of 293.