During the 3rd quarter of 2021, real estate activity in Wellesley saw increases in total sales volume and average sales price.
There was a 6% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Wellesley during the 3rd quarter 2021. 1,884 land documents were recorded versus 2,000 during the 3rd quarter 2020.
The total volume of real estate sales in Wellesley during the 3rd quarter 2021 was $310,461,775, a 2% increase from the same time period in 2020. Also, the average sale price of homes and commercial property increased 3% in Wellesley. The average sale price was $1,881,586.
The number of mortgages recorded (454) on Wellesley properties during the 3rd quarter 2021 was down 8% from the previous year. However, total mortgage indebtedness was $543,798,753, up 64% from the 3rd quarter 2020.
There were 0 foreclosure deeds filed against Wellesley properties during the 3rd quarter 2021 compared to 0 foreclosure deed filed during the 3rd quarter 2020.
Finally, homestead activity in Wellesley decreased 5% during the 3rd quarter 2021 with 159 homesteads filed, compared to 167 filed during the same time period in 2020.