Needham, MA 2015 Real Estate Activity Report

During 2015, real estate activity in Needham saw increases in both total volume and average sales price.

 

There was an 16% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Needham in 2015. 7,310 land documents were recorded versus 6,305 in 2014. 

 

The total volume of real estate sales in Needham during 2015 was $743,154,133, a 23% increase from 2014. The average sales price of homes and commercial property was up 13% in Needham. The average sale price was $1,274,706.

 

The number of mortgages recorded (1,768) on Needham properties in 2015 was up 24% from the previous year. Total mortgage indebtedness increased by 10% to $984,075,874 during the same period.

 

There was 1 foreclosure deed filed against a Needham property during 2015, the same number recorded in 2014. 

 

Finally, homestead activity increased 6% in Needham during 2015 with 683 homesteads filed compared to 647 in 2014.

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.