Randolph, MA 3rd Quarter 2016 Real Estate Activity Report

During the 3rd quarter of 2016, real estate activity in Randolph saw decreases in both total sales volume and average sales price.

 

There was an 1% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Randolph during the 3rd quarter 2016. 1,581 land documents were recorded versus 1,591 during the third quarter 2015.  

 

The total volume of real estate sales in Randolph during the 3rd quarter 2016 was $44,315,515, a 9% decrease from the same time period in 2015. Also, the average sale price of homes and commercial property decreased 5% in Randolph. The average sale price was $323,470. 

 

The number of mortgages recorded (302) on Randolph properties during the 3rd quarter 2016 was up 7% from the previous year. Total mortgage indebtedness also increased a significant 133% to $143,910,952 during the same period.

 

There were 8 foreclosure deeds filed against Randolph properties during the 3rd quarter 2016 compared to 9 foreclosure deed filings during the 3rd quarter 2015. 

 

Finally, homestead activity decreased 24% in Randolph during the 3rd quarter 2016 with 111 homesteads filed compared to 146 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.