Needham, MA 2nd Quarter 2018 Real Estate Activity Report

During the 2nd quarter of 2018, real estate activity in Needham saw increases in both total sales volume and average sales price.

 

There was no percentage increase or decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Needham during the 2nd quarter 2018. 1,670 land documents were recorded versus 1,673 during the second quarter 2017.  

 

The total volume of real estate sales in Needham during the 2nd quarter 2018 was $197,911,601, a 5% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 2% in Needham. The average sale price was $1,124,497. 

 

The number of mortgages recorded (382) on Needham properties during the 2nd quarter 2018 was up 1% from the previous year. Also, total mortgage indebtedness increased 62% to $365,460,677 during the same period. The total indebtedness figure was impacted by a $140 million commercial mortgage recorded on 5/17/18.

 

There were 0 foreclosure deeds filed against Needham properties during the 2nd quarter 2018 compared to 1 foreclosure deed filed during the 2nd quarter 2017. 

 

Finally, homestead activity decreased 7% in Needham during the 2nd quarter 2018 with 173 homesteads filed compared to 187 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.