Quincy, MA 1st Quarter 2019 Real Estate Activity Report

During the 1st quarter of 2019, real estate activity in Quincy saw decreases in both total sales volume and average sales price.

 

There was a 13% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the city of Quincy during the 1st quarter 2019. 2,727 land documents were recorded versus 3,129 during the first quarter 2018.  

 

The total volume of real estate sales in Quincy during the 1st quarter 2019 was $118,871,243, a 54% decrease from the same time period in 2018. Also, the average sale price of homes and commercial property decreased 47% in Quincy. The average sale price was $510,177.  These figures were impacted by 2 commercial transactions of $80 million and $43 million that were recorded during the first quarter of 2018. 

 

The number of mortgages recorded (451) on Quincy properties during the 1st quarter 2019 was down 19% from the previous year. Also, total mortgage indebtedness decreased 89% to $247,132,332. This percentage decrease figure was impacted by a $2 billion mortgage taken out against the Calpine Fore River Energy Center property located in Weymouth and Quincy on 2/6/18.    

 

There were 3 foreclosure deeds filed against Quincy properties during the 1st quarter 2019, compared to 6 foreclosure deeds filed during the 1st quarter 2018.  

 

Finally, homestead activity decreased 1% in Quincy during the 1st quarter 2019 with 236 homesteads filed compared to 239 during the same time period in 2018.

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.