Wellesley, MA 1st Quarter 2016 Real Estate Activity Report

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

 

There was a 7% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Wellesley during the 1st quarter 2016. 1,394 land documents were recorded versus 1,299 during the first quarter 2015.  

 

The total volume of real estate sales in Wellesley during the 1st quarter 2016 was $138,585,711, a 31% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 4% in Wellesley. The average sale price was $1,474,316. 

 

The number of mortgages recorded (322) on Wellesley properties during the 1st quarter 2016 was down 3% from the previous year. Total mortgage indebtedness also decreased by 1% to $215,646,571 during the same period.

 

There were 0 foreclosure deeds filed against Wellesley properties during 1st quarter 2016, the same number filed during the 1st quarter 2015. 

 

Finally, homestead activity increased 40% in Wellesley during the 1st quarter 2016 with 122 homesteads filed compared to 87 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.