Quincy, MA 1st Quarter 2018 Real Estate Activity Report

During the 1st quarter of 2018, real estate activity in Quincy saw increases in both total sales volume and average sales price.

 

There was an 11% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the city of Quincy during the 1st quarter 2018. 3,129 land documents were recorded versus 3,507 during the first quarter 2017.  

 

The total volume of real estate sales in Quincy during the 1st quarter 2018 was $261,102,146, an 87% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 94% in Quincy. The average sale price was $959,934. These figures were impacted by two commercial transactions, $80 million and $43 million that were recorded in January 2018.  

 

The number of mortgages recorded (559) on Quincy properties during the 1st quarter 2018 was down 13% from the previous year. However, total mortgage indebtedness increased 189% to $2,311,478,256. This figure was impacted by a $2 billion mortgage that was recorded against shared property in Quincy and Weymouth during the first quarter.  

 

There were 6 foreclosure deeds filed against Quincy properties during the 1st quarter 2018 compared to 5 foreclosure deeds filed during the 1st quarter 2017.  

 

Finally, homestead activity decreased 13% in Quincy during the 1st quarter 2018 with 239 homesteads filed compared to 274 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.