Westwood, MA 2nd Quarter 2018 Real Estate Activity Report

During the 2nd quarter of 2018, real estate activity in Westwood saw increases in both total sales volume and average sales price.

 

There was a 15% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Westwood during the 2nd quarter 2018. 904 land documents were recorded versus 785 during the second quarter 2017.  

 

The total volume of real estate sales in Westwood during the 2nd quarter 2018 was $81,564,840, a 7% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 7% in Westwood. The average sale price was $1,032,466.

 

The number of mortgages recorded (211) on Westwood properties during the 2nd quarter 2018 was up 17% from the previous year. Also, total mortgage indebtedness increased 12% to $135,372,413.   

 

There were 0 foreclosure deeds filed against Westwood properties during the 2nd quarter 2018, the same number filed during the 2nd quarter 2017.  

 

Finally, homestead activity increased 10% in Westwood during the 2nd quarter 2018 with 97 homesteads filed compared to 88 during the same time period in 2017.

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.