Westwood, MA 3rd Quarter 2016 Real Estate Activity Report

During the 3rd quarter of 2016, real estate activity in Westwood saw dramatic and explainable increases in both total sales volume and average sales price.

 

There was a 2% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Westwood during the 3rd quarter 2016. 928 land documents were recorded versus 909 during the third quarter 2015.  

 

The total volume of real estate sales in Westwood during the 3rd quarter 2016 was $295,106,021, a 321% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 371% in Westwood. The average sale price was $4,339,794. These increases were the direct result of the $205 million sale of Westwood Station in mid-August.  

 

The number of mortgages recorded (242) on Westwood properties during the 3rd quarter 2016 was up 15% from the previous year. Total mortgage indebtedness decreased 1% to $112,920,033 during the same period. 

 

There was 1 foreclosure deed filed against a Westwood property during the 3rd quarter 2016, compared to 0 foreclosure deed filings during the 3rd quarter 2015. 

 

Finally, homestead activity decreased 4% in Westwood during the 3rd quarter 2016 with 79 homesteads filed compared to 82 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.