Westwood, MA 1st Quarter 2016 Real Estate Activity Report

During the 1st quarter of 2016, real estate activity in Westwood saw an increase in total sales volume but a decrease in average sales price.

 

There was a 9% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Westwood during the 1st quarter 2016. 763 land documents were recorded versus 703 during the first quarter 2015.  

 

The total volume of real estate sales in Westwood during the 1st quarter 2016 was $45,118,330, a 49% increase from the same time period in 2015. However, the average sale price of homes and commercial property decreased 16% in Westwood. The average sale price was $820,333.  

 

The number of mortgages recorded (171) on Westwood properties during the 1st quarter 2016 was down 4% from the previous year. However, total mortgage indebtedness increased by a whopping 584% to $679,550,056 during the same period. This number was impacted by a $600 million mortgage against Westwood commercial property that was recorded on 3/24/16.

 

There were 0 foreclosure deeds filed against Westwood properties during 1st quarter 2016, the same number filed during the 1st quarter 2015. 

 

Finally, homestead activity increased 22% in Westwood during the 1st quarter 2016 with 67 homesteads filed compared to 55 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.