Quincy, MA 1st Quarter 2016 Real Estate Activity Report

During the 1st quarter of 2016, real estate activity in Quincy saw significant increases in both total sales volume and average sales price.

 

There was a 6% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the city of Quincy during the 1st quarter 2016. 3,280 land documents were recorded versus 3,095 during the first quarter 2015.  

 

The total volume of real estate sales in Quincy during the 1st quarter 2016 was $174,956,603, an 84% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 50% in Quincy. The average sale price was $714,108. These figures were impacted in part by a $31 million commercial real estate transaction that was recorded on 1/22/16.

 

The number of mortgages recorded (640) on Quincy properties during the 1st quarter 2016 was down 5% from the previous year. However, total mortgage indebtedness increased by 44% to $356,479,294 during the same period.

 

There were 6 foreclosure deeds filed against Quincy properties during 1st quarter 2016 compared to 7 foreclosure deed filings during the 1st quarter 2015. 

 

Finally, homestead activity increased 9% in Quincy during the 1st quarter 2016 with 222 homesteads filed compared to 204 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.