Wellesley, MA 2nd Quarter 2015 Real Estate Activity Report

Real Estate activity in Wellesley, MA during the 2nd quarter of 2015 saw increases in both total real estate sales volume and borrowing.


There was a 27% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Wellesley during the 2nd quarter of 2015. 1,774 land documents were recorded versus 1,397 during the 2nd quarter of 2014.


The total dollar volume of real estate sales in Wellesley during the 2nd quarter of 2015 was $232,685,548, a 22% increase over 2014 2nd quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $1,482,073, a 7% increase from the same time period in 2014.


The number of mortgages recorded against Wellesley properties during the 2nd quarter of 2015 was 399, a 30% increase from the 2nd quarter 2014 number. Total mortgage indebtedness was $274,741,070 for the quarter compared to $186,419,514 for the 2nd  quarter 2014.


No foreclosure deeds were filed against Wellesley property during the 2nd quarter 2015.


Finally, homestead activity increased in Wellesley during the 2nd quarter 2015 with 163 Homesteads recorded representing a 15% increase from the 2nd quarter 2014 total of 142.


 

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.