Needham, MA 2nd Quarter 2016 Real Estate Activity Report

During the 2nd quarter of 2016, real estate activity in Needham saw decreases in both total sales volume and average sales price.

 

There was a 1% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Needham during the 2nd quarter 2016. 2,043 land documents were recorded versus 2,073 during the second quarter 2015.  

 

The total volume of real estate sales in Needham during the 2nd quarter 2016 was $173,595,819, a 52% decrease from the same time period in 2015. Also, the average sale price of homes and commercial property decreased 50% in Needham. The average sale price was $1,021,151. 

 

The number of mortgages recorded (543) on Needham properties during the 2nd quarter 2016 was up 3% from the previous year. Total mortgage indebtedness increased by 5% to $311,995,887 during the same period.

 

There were 0 foreclosure deeds filed against Needham properties during 2nd quarter 2016, the same number recorded during the 2nd quarter 2015.  

 

Finally, homestead activity decreased 10% in Needham during the 2nd quarter 2016 with 174 homesteads filed compared to 194 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.