Westwood, MA 1st Quarter 2019 Real Estate Activity Report

During the 1st quarter of 2019, real estate activity in Westwood saw decreases in both total sales volume and average sales price.

 

There was a 4% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Westwood during the 1st quarter 2019. 569 land documents were recorded versus 590 during the first quarter 2018.  

 

The total volume of real estate sales in Westwood during the 1st quarter 2019 was $36,086,847, a 64% decrease from the same time period in 2018. Also, the average sale price of homes and commercial property decreased 73% in Westwood. The average sale price was $820,155. These numbers were impacted by a $53.1 real estate transaction recorded on 2/27/18. 

 

The number of mortgages recorded (118) on Westwood properties during the 1st quarter 2019 was down 2% from the previous year. Also, total mortgage indebtedness decreased 34% to $59,434,677.    

 

There were 0 foreclosure deeds filed against Westwood properties during the 1st quarter 2019, the same number filed during the 1st quarter 2018.  

 

Finally, homestead activity increased 65% in Westwood during the 1st quarter 2018 with 66 homesteads filed compared to 40 during the same time period in 2018.

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.