Weymouth, MA 2015 Real Estate Activity Report

During 2015, real estate activity in Weymouth saw decreases in both total volume and average sales price.  

 

There was a 16% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Weymouth in 2015.  11,363 land documents were recorded versus 9,755 in 2014. 

 

The total volume of real estate sales in Weymouth during 2015 was $394,098,085, a 55% decrease from 2014. The average sales price of homes and commercial property was down 62% in Weymouth. The average sale price was $410,946. These numbers were significantly impacted by the November 2014 sale of Fore River Energy.     

 

The number of mortgages recorded (2,357) on Weymouth properties in 2015 was up 24% from the previous year. Total mortgage indebtedness increased by 69% to $902,901,648 during the same period.

 

There were 52 foreclosure deeds filed against Weymouth properties during 2015, representing a 79% increase from the previous year when there were 29 foreclosure deeds recordings. During 2015, lending institutions worked to resolve foreclosure issues that in some cases dated back to the height of the economic slowdown in 2008.

 

Finally, homestead activity increased 13% in Weymouth during 2015 with 969 homesteads filed compared to 858 in 2014.

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.