Westwood, MA 3rd Quarter 2017 Real Estate Activity Report

During the 3rd 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 3rd quarter 2017. 761 land documents were recorded versus 928 during the third quarter 2016.  

 

The total volume of real estate sales in Westwood during the 3rd quarter 2017 was $56,660,917, an 81% decrease from the same time period in 2016. Also, the average sale price of homes and commercial property decreased 79% in Westwood. The average sale price was $913,885. These numbers were significantly impacted by the $205 million sale of the Westwood Station property in August, 2016. This particular transaction included the sale of property located in both Westwood and Canton.  

 

The number of mortgages recorded (175) on Westwood properties during the 3rd quarter 2017 was down 28% from the previous year. However, total mortgage indebtedness increased 22% to $137,357,163 during the same period. 

 

There were 0 foreclosure deeds filed against Westwood properties during the 3rd quarter 2017, compared to 1 foreclosure deed filed during the 3rd quarter 2016. 

 

Finally, homestead activity decreased 5% in Westwood during the 3rd quarter 2017 with 75 homesteads filed compared to 79 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.