Westwood, MA 2nd Quarter 2016 Real Estate Activity Report

During the 2nd quarter of 2016, real estate activity in Westwood saw a decrease in total sales volume but an increase in average sales price.

 

There was a 1% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Westwood during the 2nd quarter 2016. 954 land documents were recorded versus 942 during the second quarter 2015.  

 

The total volume of real estate sales in Westwood during the 2nd quarter 2016 was $92,691,180, a 10% decrease from the same time period in 2015. However, the average sale price of homes and commercial property increased 3% in Westwood. The average sale price was $1,363,105.  

 

The number of mortgages recorded (239) on Westwood properties during the 2nd quarter 2016 was the exact same figure recorded the previous year. Total mortgage indebtedness increased 67% to $156,358,693 during the same period. 

 

There were 0 foreclosure deeds filed against Westwood properties during 2nd quarter 2016, the same number filed during the 2nd quarter 2015. 

 

Finally, homestead activity decreased 18% in Westwood during the 2nd quarter 2016 with 75 homesteads filed compared to 92 during the same time period 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.