Dedham, MA 3rd Quarter 2019 Real Estate Activity Report

During the 3rd quarter of 2019, real estate activity in Dedham saw decreases in both total sales volume and average sales price.

 

There was a 21% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Dedham during the 3rd quarter 2019. 1,492 land documents were recorded compared to 1,238 filed during the third quarter 2018.  

 

The total volume of real estate sales in Dedham during the 3rd quarter 2019 was $73,133,681, a 46% decrease from the same time period in 2018. Also, the average sale price of homes and commercial property decreased 44% in Dedham. The average sale price was $625,074. These figures were impacted by a $64 million commercial sale that took place on 7/3/18.    

 

The number of mortgages recorded (370) on Dedham properties during the 3rd quarter 2019 was up 48% from the previous year. Also, total mortgage indebtedness increased 76% to $167,558,360 during the same time period.

 

There were 5 foreclosure deeds filed against Dedham properties during the 3rd quarter 2019, compared to 1 foreclosure deed filed during the 3rd quarter 2018. 

 

Finally, homestead activity decreased 9% in Dedham during the 3rd quarter 2019 with 132 homesteads filed compared to 145 during the same time period in 2018.

The Norfolk County Registry of Deeds will be closed on Thursday, July 4th in celebration of Independence Day. We are open Friday, July 5th.

The Norfolk County Registry of Deeds is closed Today, July 4th in celebration of Independence Day. We are open Friday, July 5th.