Needham, MA 2nd Quarter 2017 Real Estate Activity Report

During the 2nd quarter of 2017, real estate activity in Needham saw increases in both total sales volume and average sales price.

 

There was an 18% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Needham during the 2nd quarter 2017. 1,670 land documents were recorded versus 2,040 during the second quarter 2016.  

 

The total volume of real estate sales in Needham during the 2nd quarter 2017 was $188,202,901, an 8% increase from the same time period in 2016. Also, the average sale price of homes and commercial property increased 8% in Needham. The average sale price was $1,107,075. 

 

The number of mortgages recorded (380) on Needham properties during the 2nd quarter 2017 was down 30% from the previous year. Also, total mortgage indebtedness decreased by 28% to $225,437,540 during the same period.

 

There was 1 foreclosure deed filed against a Needham property during the 2nd quarter 2017 compared to 0 filings during the 2nd quarter 2016. 

 

Finally, homestead activity increased 7% in Needham during the 2nd quarter 2017 with 187 homesteads filed compared to 174 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.