Wellesley, MA 2018 Real Estate Activity Report

During 2018, real estate activity in Wellesley saw increases in both total sales volume and average sales price.  

 

There was a 15% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Wellesley in 2018.  4,936 land documents were recorded versus 5,795 in 2017. 

 

The total volume of real estate sales in Wellesley during 2018 was $750,421,230, a 1% increase from 2017. The average sales price of homes and commercial property was up 9% in Wellesley. The average sale price was $1,620,780.     

 

The number of mortgages recorded (1,034) on Wellesley properties in 2018 was down 15% from the previous year. Total mortgage indebtedness decreased 7% to $806,229,595 during the same period.

 

There were 0 foreclosure deeds filed against Wellesley properties during 2018, compared to 4 foreclosure deed filings in 2017. 

 

Finally, homestead activity decreased 6% in Wellesley during 2018 with 528 homesteads filed compared to 561 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.