Wellesley, MA 3rd Quarter 2018 Real Estate Activity Report

During the 3rd quarter of 2018, real estate activity in Wellesley saw increases in both total sales volume and average sales price.

 

There was a 12% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Wellesley during the 3rd quarter 2018. 1,331 land documents were recorded versus 1,515 during the third quarter 2017.  

 

The total volume of real estate sales in Wellesley during the 3rd quarter 2018 was $236,758,286, a 15% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 6% in Wellesley. The average sale price was $1,610,600.   

 

The number of mortgages recorded (271) on Wellesley properties during the 3rd quarter 2018 was down 12% from the previous year. Also, total mortgage indebtedness decreased 1% to $220,913,246.  

 

There were 0 foreclosure deeds filed against Wellesley properties during the 3rd quarter 2018, the same number filed during the 3rd quarter 2017.  

 

Finally, homestead activity remained unchanged in Wellesley during the 3rd quarter 2018 with 151 homesteads filed, the same number recorded during the same time period 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.