Westwood, MA 3rd Quarter 2018 Real Estate Activity Report

During the 3rd quarter of 2018, real estate activity in Westwood saw small decreases in both total sales volume and average sales price.

 

There was a 3% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Westwood during the 3rd quarter 2018. 741 land documents were recorded versus 762 during the third quarter 2017.  

 

The total volume of real estate sales in Westwood during the 3rd quarter 2018 was $56,129,037, a 1% decrease from the same time period in 2017. Also, the average sale price of homes and commercial property decreased 1% in Westwood. The average sale price was $905,307.

 

The number of mortgages recorded (163) on Westwood properties during the 3rd quarter 2018 was down 7% from the previous year. Also, total mortgage indebtedness decreased 50% to $69,101,789.   

 

There were 0 foreclosure deeds filed against Westwood properties during the 3rd quarter 2018, the same number filed during the 3rd quarter 2017.  

 

Finally, homestead activity decreased 4% in Westwood during the 3rd quarter 2018 with 72 homesteads filed compared to 75 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.