Westwood, MA 2016 Real Estate Activity Report

During 2016, real estate activity in Westwood saw significant increases in both total sales volume and average sales price.  

 

There was a 5% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Westwood in 2016.  3,597 land documents were recorded versus 3,431 in 2015. 

 

The total volume of real estate sales in Westwood during 2016 was $577,048,593, a 116% increase from 2015. The average sales price of homes and commercial property was up 109% in Westwood. The average sale price was $2,336,229. These numbers were impacted by the $205 million sale of Westwood Station that took place in mid-August, 2016.      

 

The number of mortgages recorded (907) on Westwood properties in 2016 was up 6% from the previous year. Total mortgage indebtedness increased 70% to $1,119,257,277 during the same period.

 

There were 2 foreclosure deeds filed against Westwood properties during 2016, compared to 0 foreclosure deed filings in 2015.

 

Finally, homestead activity decreased 2% in Westwood during 2016 with 292 homesteads filed compared to 298 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.