Needham, MA 1st Quarter 2018 Real Estate Activity Report

During the 1st quarter of 2018, real estate activity in Needham saw increases in both total sales volume and average sales price.

 

There was an 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 2018. 1,229 land documents were recorded versus 1,396 during the first quarter 2017.  

 

The total volume of real estate sales in Needham during the 1st quarter 2018 was $112,487,869, a 14% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 61% in Needham. The average sale price was $1,540,929. This particular number was impacted by the $34.5 million apartment complex sale that took place in Needham on 3/30/18.

 

The number of mortgages recorded (276) on Needham properties during the 1st quarter 2018 was down 8% from the previous year. Also, total mortgage indebtedness decreased 29% to $141,475,923 during the same period.

 

There were 0 foreclosure deeds filed against Needham properties during the 1st quarter 2018, the same number filed during the 1st quarter 2017. 

 

Finally, homestead activity decreased 9% in Needham during the 1st quarter 2018 with 96 homesteads filed compared to 106 during the same time period in 2017.

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.