Needham, MA 3rd Quarter 2017 Real Estate Activity Report

During the 3rd quarter of 2017, real estate activity in Needham saw a decrease in total sales volume but an increase in average sales price.

 

There was a 21% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Needham during the 3rd quarter 2017. 1,649 land documents were recorded versus 2,098 during the third quarter 2016.  

 

The total volume of real estate sales in Needham during the 3rd quarter 2017 was $203,897,313, a 2% decrease from the same time period in 2016. However, the average sale price of homes and commercial property increased 10% in Needham. The average sale price was $1,324,008. 

 

The number of mortgages recorded (353) on Needham properties during the 3rd quarter 2017 was down 33% from the previous year. Also, total mortgage indebtedness decreased 51% to $201,937,302 during the same period.

 

There were 0 foreclosure deeds filed against Needham properties during the 3rd quarter 2017 compared to 1 filing during the 3rd quarter 2016. 

 

Finally, homestead activity decreased 4% in Needham during the 3rd quarter 2017 with 176 homesteads filed compared to 184 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.