Wellesley, MA 1st Quarter 2017 Real Estate Activity Report

During the 1st quarter of 2017, real estate activity in Wellesley saw an increase in total sales volume and no statistical change in average sales price.

 

There was a 3% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Wellesley during the 1st quarter 2017. 1,353 land documents were recorded versus 1,394 during the first quarter 2016.  

 

The total volume of real estate sales in Wellesley during the 1st quarter 2017 was $151,424,635, a 9% increase from the same time period in 2016. Statistically, the average sale price of homes and commercial property was unchanged in Wellesley. The average sale price was $1,470,142. 

 

The number of mortgages recorded (291) on Wellesley properties during the 1st quarter 2017 was down 10% from the previous year. However, total mortgage indebtedness increased by 17% to $253,060,940 during the same period.

 

There was 1 foreclosure deed filed against a Wellesley property during 1st quarter 2017 compared to 0 filings during the 1st quarter 2016. 

 

Finally, homestead activity increased 5% in Wellesley during the 1st quarter 2017 with 128 homesteads filed compared to 122 during the same time period in 2016.

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.