Weymouth, MA 3rd Quarter 2015 Real Estate Activity Report

Real Estate activity in Weymouth during the 3rd quarter of 2015 saw a decrease in total real estate sales volume but an increase in borrowing.


There was a 21% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Weymouth during the 3rd quarter of 2015. 3,296 land documents were recorded versus 2,715 during the 3rd quarter of 2014.


The total dollar volume of real estate sales in Weymouth during the 3rd quarter of 2015 was $132,777,393, a 13% decrease over 2014 3rd quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $411,075, a 28% decrease from the same time period in 2014.


The number of mortgages recorded against Weymouth properties during the 3rd quarter of 2015 was 671, a 22% increase from the 3rd quarter 2014 number. Total mortgage indebtedness was $232,745,297 for the quarter compared to $120,867,536 for the 3rd quarter 2014.


There were 13 foreclosure deeds filed against Weymouth properties during the 3rd quarter 2015. This represented an increase of 44% over the same time period in 2014.


Finally, homestead activity increased in Weymouth during the 3rd quarter 2015 with 295 Homesteads recorded representing a 10% increase from the 3rd quarter 2014 total of 267.

 

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.