Wellesley, MA 3rd Quarter 2016 Real Estate Activity Report

During the 3rd quarter of 2016, real estate activity in Wellesley saw a decrease in total sales volume but an increase in average sales price.

 

There was an 8% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Wellesley during the 3rd quarter 2016. 1,719 land documents were recorded versus 1,859 during the third quarter 2015.  

 

The total volume of real estate sales in Wellesley during the 3rd quarter 2016 was $196,667,882, a 15% decrease from the same time period in 2015. However, the average sale price of homes and commercial property increased 16% in Wellesley. The average sale price was $1,467,670. 

 

The number of mortgages recorded (421) on Wellesley properties during the 3rd quarter 2016 was up 7% from the previous year. Total mortgage indebtedness increased 56% to $442,063,298 during the same period.

 

There were 0 foreclosure deeds filed against Wellesley properties during 3rd quarter 2016, the same number filed during the 3rd quarter 2015. 

 

Finally, homestead activity decreased 24% in Wellesley during the 3rd quarter 2016 with 148 homesteads filed compared to 196 during the same time period in 2015.

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.