Quincy, MA 2nd Quarter 2016 Real Estate Activity Report

During the 2nd quarter of 2016, real estate activity in Quincy saw decreases in both total sales volume and average sales price.

 

There was a 14% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the city of Quincy during the 2nd quarter 2016. 3,700 land documents were recorded versus 4,309 during the second quarter 2015.  

 

The total volume of real estate sales in Quincy during the 2nd quarter 2016 was $151,253,600, a 44% decrease from the same time period in 2015. Also, the average sale price of homes and commercial property decreased 41% in Quincy. The average sale price was $429,697. 

 

The number of mortgages recorded (868) on Quincy properties during the 2nd quarter 2016 was flat compared to the previous year. Total mortgage indebtedness decreased by 26% to $253,039,946 during the same period.

 

There were 3 foreclosure deeds filed against Quincy properties during 2nd quarter 2016 compared to 7 foreclosure deed filings during the 2nd quarter 2015. 

 

Finally, homestead activity decreased 15% in Quincy during the 2nd quarter 2016 with 314 homesteads filed compared to 370 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.