During the 2nd quarter of 2016, real estate activity in Wellesley saw decreases in both total sales volume and average sales price.
There was a 7% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Wellesley during the 2nd quarter 2016. 1,639 land documents were recorded versus 1,771 during the second quarter 2015.
The total volume of real estate sales in Wellesley during the 2nd quarter 2016 was $194,040,778, a 16% decrease from the same time period in 2015. Also, the average sale price of homes and commercial property decreased 11% in Wellesley. The average sale price was $1,329,046.
The number of mortgages recorded (386) on Wellesley properties during the 2nd quarter 2016 was down 3% from the previous year. Total mortgage indebtedness increased by 2% to $280,558,208 during the same period.
There were 0 foreclosure deeds filed against Wellesley properties during 2nd quarter 2016, the same number filed during the 2nd quarter 2015.
Finally, homestead activity decreased 6% in Wellesley during the 2nd quarter 2016 with 153 homesteads filed compared to 163 during the same time period in 2015.