Needham, MA 3rd Quarter 2015 Real Estate Activity Report

    Needham, MA Real Estate Activity Report


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July 1, 2015 – September 30, 2015


 


Real Estate activity in Needham during the 3rd quarter of 2015 saw a decrease in total real estate sales volume but an increase in borrowing.


 


There was a 4% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Needham during the 3rd quarter of 2015. 1,995 land documents were recorded versus 1,917 during the 3rd quarter of 2014.


 


The total dollar volume of real estate sales in Needham during the 3rd quarter of 2015 was $170,758,356, an 8% decrease over 2014 3rd quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $923,018, a 10% decrease from the same time period in 2014.


 


The number of mortgages recorded against Needham properties during the 3rd quarter of 2015 was 453, an 8% increase from the 3rd quarter 2014 number. Total mortgage indebtedness was $300,563,924 for the quarter compared to $213,083,168 for the 3rd quarter 2014.


 


There were 0 foreclosure deeds filed against Needham property during the 3rd quarter 2015. 


 


Finally, homestead activity decreased in Needham during the 3rd quarter 2015 with 200 Homesteads recorded representing a 2% decrease from the 3rd quarter 2014 total of 204.

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.