Westwood, MA 1st Quarter 2017 Real Estate Activity Report

During the 1st quarter of 2017, real estate activity in Westwood saw increases in both total sales volume and average sales price.

 

There was a 1% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Westwood during the 1st quarter 2017. 755 land documents were recorded versus 763 during the first quarter 2016.  

 

The total volume of real estate sales in Westwood during the 1st quarter 2017 was $50,715,863, a 12% increase from the same time period in 2016. Also, the average sale price of homes and commercial property increased 47% in Westwood. The average sale price was $1,207,520.  

 

The number of mortgages recorded (152) on Westwood properties during the 1st quarter 2017 was down 11% from the previous year. Also, total mortgage indebtedness decreased 68% to $218,526,565 during the same period. 

 

There were 2 foreclosure deeds filed against Westwood properties during 1st quarter 2017 compared to 0 filings during the 1st quarter 2016. 

 

Finally, homestead activity increased 10% in Westwood during the 1st quarter 2017 with 74 homesteads filed compared to 67 during the same time period in 2016.

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.