Wellesley, MA 2017 Real Estate Activity Report

During 2017, real estate activity in Wellesley saw increases in both total sales volume and average sales price.  

 

There was a 10% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Wellesley in 2017.  5,793 land documents were recorded versus 6,429 in 2016. 

 

The total volume of real estate sales in Wellesley during 2017 was $743,055,796, a 9% increase from 2016. The average sales price of homes and commercial property was up 5% in Wellesley. The average sale price was $1,483,145.     

 

The number of mortgages recorded (1,214) on Wellesley properties in 2017 was down 21% from the previous year. Total mortgage indebtedness decreased 29% to $863,753,345 during the same period.

 

There were 4 foreclosure deeds filed against Wellesley properties during 2017, compared to 1 foreclosure deed filing in 2016. 

 

Finally, homestead activity stayed flat in 2017 with 561 homesteads filed, the same number filed 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.