Weymouth, MA 1st Quarter 2019 Real Estate Activity Report

During the 1st quarter of 2019, real estate activity in Weymouth saw decreases in both total sales volume and average sales price.

 

There was a 23% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Weymouth during the 1st quarter 2019. 1,985 land documents were recorded versus 2,578 during the first quarter 2018.  

 

The total volume of real estate sales in Weymouth during the 1st quarter 2019 was $54,402,654, a 46% decrease from the same time period in 2018. Also, the average sale price of homes and commercial property decreased 31% in Weymouth. The average sales price was $360,282.   

 

The number of mortgages recorded (359) on Weymouth properties during the 1st quarter 2019 was down 18% from the previous year. Also, total mortgage indebtedness decreased 97% to $138,800,074. This percentage decrease was impacted by the $2 billion mortgage taken out against the Calpine Fore River Energy Center, property located in Weymouth and Quincy, on 2/6/18.  

 

There was 1 foreclosure deed filed against a Weymouth property during the 1st quarter 2019, compared to 7 filed during the 1st quarter 2018.  

 

Finally, homestead activity decreased 20% in Weymouth during the 1st quarter 2019 with 164 homesteads filed compared to 205 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.