Wellesley, MA 1st Quarter 2018 Real Estate Activity Report

During the 1st quarter of 2018, real estate activity in Wellesley saw a decrease in total sales volume but an increase in average sales price.

 

There was a 23% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Wellesley during the 1st quarter 2018. 1,036 land documents were recorded versus 1,350 during the first quarter 2017.  

 

The total volume of real estate sales in Wellesley during the 1st quarter 2018 was $128,256,599, a 15% decrease from the same time period in 2017. However, the average sale price of homes and commercial property increased 20% in Wellesley. The average sale price was $1,756,939.   

 

The number of mortgages recorded (232) on Wellesley properties during the 1st quarter 2018 was down 20% from the previous year. Also, total mortgage indebtedness decreased 38% to $156,929,896.   

 

There were 0 foreclosure deeds filed against Wellesley properties during the 1st quarter 2018 compared to 1 foreclosure deed filed during the 1st quarter 2017.  

 

Finally, homestead activity decreased 23% in Wellesley during the 1st quarter 2018 with 99 homesteads filed compared to 128 during the same time period in 2017.

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.