Wellesley, MA 3rd Quarter 2015 Real Estate Activity Report

Real Estate activity in Wellesley during the 3rd quarter of 2015 saw increase in both total real estate sales volume and borrowing.


There was a 20% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Wellesley during the 3rd quarter of 2015. 1,858 land documents were recorded versus 1,547 during the 3rd quarter of 2014.


The total dollar volume of real estate sales in Wellesley during the 3rd quarter of 2015 was $231,013,639, a 9% increase over 2014 3rd quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $1,269,305, a 6% decrease from the same time period in 2014.


The number of mortgages recorded against Wellesley properties during the 3rd quarter of 2015 was 394, a 17% increase from the 3rd quarter 2014 number. Total mortgage indebtedness was $284,199,095 for the quarter compared to $221,768,382 for the 3rd quarter 2014.


There were 0 foreclosure deeds filed against Wellesley property during the 3rd quarter 2015 compared to 1 filing during the same time period in 2014.


Finally, homestead activity increased in Wellesley during the 3rd quarter 2015 with 196 Homesteads recorded representing a 37% increase from the 3rd quarter 2014 total of 143.

 

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.