Westwood, MA 2nd Quarter 2017 Real Estate Activity Report

During the 2nd quarter of 2017, real estate activity in Westwood saw decreases in both total sales volume and average sales price.

 

There was an 18% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Westwood during the 2nd quarter 2017. 783 land documents were recorded versus 952 during the second quarter 2016.  

 

The total volume of real estate sales in Westwood during the 2nd quarter 2017 was $75,939,240, an 18% decrease from the same time period in 2016. Also, the average sale price of homes and commercial property decreased 29% in Westwood. The average sale price was $961,256.  

 

The number of mortgages recorded (180) on Westwood properties during the 2nd quarter 2017 was down 25% from the previous year. Also, total mortgage indebtedness decreased 22% to $121,296,619 during the same period. 

 

There were 0 foreclosure deeds filed against Westwood properties during the 2nd quarter 2017, the same number filed during the 2nd quarter 2016. 

 

Finally, homestead activity increased 17% in Westwood during the 2nd quarter 2017 with 88 homesteads filed compared to 75 during the same time period in 2016.

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.