Weymouth, MA 3rd Quarter 2016 Real Estate Activity Report

During the 3rd quarter of 2016, real estate activity in Weymouth saw increases in both total sales volume and average sales price.

 

There was a 7% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Weymouth during the 3rd quarter 2016. 3,538 land documents were recorded versus 3,295 during the third quarter 2015.  

 

The total volume of real estate sales in Weymouth during the 3rd quarter 2016 was $175,582,829, a 32% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 34% in Weymouth. The average sale price was $550,416. 

 

The number of mortgages recorded (771) on Weymouth properties during the 3rd quarter 2016 was up 15% from the previous year. Total mortgage indebtedness increased by 50% to $348,172,950 during the same period.

 

There were 14 foreclosure deeds filed against Weymouth properties during the 3rd quarter 2016 compared to 13 foreclosure deed filings during the 3rd quarter 2015. 

 

Finally, homestead activity increased 15% in Weymouth during the 3rd quarter 2016 with 340 homesteads filed compared to 295 during the same time period in 2015.

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.