Needham, MA 1st Quarter 2016 Real Estate Activity Report

During the 1st quarter of 2016, real estate activity in Needham saw increases in both total sales volume and average sales price.

 

There was a 2% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Needham during the 1st quarter 2016. 1,586 land documents were recorded versus 1,560 during the first quarter 2015.  

 

The total volume of real estate sales in Needham during the 1st quarter 2016 was $116,855,035, a 13% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 16% in Needham. The average sale price was $1,217,239. 

 

The number of mortgages recorded (394) on Needham properties during the 1st quarter 2016 was down 1% from the previous year. However, total mortgage indebtedness increased by 7% to $210,575,703 during the same period.

 

There were 2 foreclosure deeds filed against Needham properties during 1st quarter 2016 compared to 1 foreclosure deed filing during the 1st quarter 2015. 

 

Finally, homestead activity decreased 6% in Needham during the 1st quarter 2016 with 127 homesteads filed compared to 135 during the same time period in 2015.

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.