Westwood, MA 3rd Quarter 2019 Real Estate Activity Report

During the 3rd quarter of 2019, real estate activity in Westwood saw an increase in total sales volume and but a decrease in average sales price.

 

There was a 60% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Westwood during the 3rd quarter 2019. 1,185 land documents were recorded versus 741 during the third quarter 2018.  

 

The total volume of real estate sales in Westwood during the 3rd quarter 2019 was $104,328,432, an 86% increase from the same time period in 2018. However, the average sale price of homes and commercial property decreased 6% in Westwood. The average sale price was $848,198.  

 

The number of mortgages recorded (282) on Westwood properties during the 3rd quarter 2019 was up 73% from the previous year. Also, total mortgage indebtedness increased 142% to $167,233,808 during the same time period.    

 

There were 0 foreclosure deeds filed against Westwood properties during the 3rd quarter 2019, the same number filed during the 3rd quarter 2018.  

 

Finally, homestead activity increased 79% in Westwood during the 3rd quarter 2019 with 129 homesteads filed compared to 72 during the same time period in 2018.

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.