Randolph, MA 1st Quarter 2016 Real Estate Activity Report

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

 

There was an 11% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Randolph during the 1st quarter 2016. 1,333 land documents were recorded versus 1,204 during the first quarter 2015.  

 

The total volume of real estate sales in Randolph during the 1st quarter 2016 was $52,585,799, a 50% decrease from the same time period in 2015. Also, the average sale price of homes and commercial property decreased 66% in Randolph. The average sale price was $500,817. These numbers were impacted by an $84.8 million multi-family residential property sale that was recorded on 3/2/15.

 

The number of mortgages recorded (226) on Randolph properties during the 1st quarter 2016 was down 1% from the previous year. Total mortgage indebtedness also decreased by 33% to $85,340,476 during the same period.

 

There were 9 foreclosure deeds filed against Randolph properties during 1st quarter 2016 compared to 6 foreclosure deed filings during the 1st quarter 2015. 

 

Finally, homestead activity increased 1% in Randolph during the 1st quarter 2016 with 82 homesteads filed compared to 81 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.