Needham, MA 1st Quarter 2017 Real Estate Activity Report

During the 1st quarter of 2017, real estate activity in Needham saw decreases in both total sales volume and average sales price.

 

There was a 12% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Needham during the 1st quarter 2017. 1,396 land documents were recorded versus 1,586 during the first quarter 2016.  

 

The total volume of real estate sales in Needham during the 1st quarter 2017 was $98,729,587, a 16% decrease from the same time period in 2016. Also, the average sale price of homes and commercial property decreased 21% in Needham. The average sale price was $958,539. 

 

The number of mortgages recorded (301) on Needham properties during the 1st quarter 2017 was down 24% from the previous year. Also, total mortgage indebtedness decreased by 6% to $198,126,027 during the same period.

 

There were 0 foreclosure deeds filed against Needham properties during 1st quarter 2017 compared to 2 filings during the 1st quarter 2016. 

 

Finally, homestead activity decreased 17% in Needham during the 1st quarter 2017 with 106 homesteads filed compared to 127 during the same time period in 2016.

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.