Weymouth, MA 1st Quarter 2017 Real Estate Activity Report

During the 1st quarter of 2017, real estate activity in Weymouth saw decreases in both total sales volume and average sales price.

 

There was a slight decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Weymouth during the 1st quarter 2017. 2,532 land documents were recorded versus 2,542 during the first quarter 2016.  

 

The total volume of real estate sales in Weymouth during the 1st quarter 2017 was $79,789,254, a 35% decrease from the same time period in 2016. Also, the average sale price of homes and commercial property decreased 43% in Weymouth. The average sale price was $428,974. 

 

The number of mortgages recorded (520) on Weymouth properties during the 1st quarter 2017 was down 3% from the previous year. Total mortgage indebtedness also decreased by 14% to $159,750,155 during the same period.

 

There were 8 foreclosure deeds filed against Weymouth properties during 1st quarter 2017 compared to 11 foreclosure deed filings during the 1st quarter 2016. 

 

Finally, homestead activity increased 6% in Weymouth during the 1st quarter 2017 with 202 homesteads filed compared to 191 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.