Real Estate activity in Westwood during the 2nd quarter of 2015 saw increases in both total real estate sales volume and borrowing.
There was a 21% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Westwood during the 2nd quarter of 2015. 941 land documents were recorded versus 777 during the 2nd quarter of 2014.
The total dollar volume of real estate sales in Westwood during the 2nd quarter of 2015 was $102,836,506, a 35% increase over 2014 2nd quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $1,318,416, a 42% increase from the same time period in 2014.
The number of mortgages recorded against Westwood properties during the 2nd quarter of 2015 was 239, a 35% increase from the 2nd quarter 2014 number. Total mortgage indebtedness was $93,875,216 for the quarter compared to $90,368,427 for the 2nd quarter 2014.
No foreclosure deeds were filed against Westwood property during the 2nd quarter 2015.
Finally, homestead activity increased in Westwood during the 2nd quarter 2015 with 92 Homesteads recorded representing a 15% increase from the 2nd quarter 2014 total of 80.