Needham, MA 1st Quarter 2019 Real Estate Activity Report

During the 1st  quarter of 2019, real estate activity in Needham saw decreases in both total sales volume and average sales price.

 

There was no statistical change in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Needham during the 1st quarter 2019. 1,223 land documents were recorded versus 1,229 during the first quarter 2018.  

 

The total volume of real estate sales in Needham during the 1st quarter 2019 was $89,931,184, a 20% decrease from the same time period in 2018. Also, the average sale price of homes and commercial property decreased 31% in Needham. The average sale price was $1,058,013.  

 

The number of mortgages recorded (233) on Needham properties during the 1st quarter 2019 was down 16% from the previous year. However, total mortgage indebtedness increased 113% to $301,092,627 during the same period. This number was impacted by a $138 million commercial mortgage recorded on 3/29/19. 

 

There were 0 foreclosure deeds filed against Needham properties during the 1st quarter 2019, the same number filed during the 1st quarter 2018. 

 

Finally, homestead activity increased 20% in Needham during the 1st quarter 2019 with 115 homesteads filed compared to 96 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.