Westwood, MA 2014 Real Estate Activity Report

During 2014, real estate activity in Westwood saw significant increases in total volume and average sales price.


There was a 25% decrease in documents recorded at the Norfolk County Registry of Deeds for Westwood in 2014, resulting in a reduction of 1,011 documents from 4,057 to 3,046.


The total volume of real estate sales in Westwood during 2014 was $281,155,715 which showed a 91% increase from 2013. The average sale price of homes and commercial property was up 66% in Westwood. The average sale was $1,206,676. These numbers were influenced by a small number of high dollar transactions that took place at the University Station (Westwood Station) location, Dartmouth Street and Allied Drive.


The number of mortgages recorded (696) on Westwood properties in 2014 was down by 33% from the previous year. Total mortgage indebtedness actually increased by 5% to $572,473,638 during the same period.


There was 1 foreclosure deed filed in Westwood during 2014, representing a 67% decrease from the previous year when there were 3 foreclosure deeds filed.


Finally, homestead activity decreased 12% in Westwood during 2014 with 282 homesteads filed compared to 322 in 2013.


 

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.