Weymouth, MA 3rd Quarter 2018 Real Estate Activity Report

During the 3rd quarter of 2018, real estate activity in Weymouth saw a decrease in total sales volume but an increase in average sales price.

 

There was a 9% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Weymouth during the 3rd quarter 2018. 3,061 land documents were recorded versus 3,352 during the third quarter 2017.  

 

The total volume of real estate sales in Weymouth during the 3rd quarter 2018 was $139,519,054, a 3% decrease from the same time period in 2017. However, the average sale price of homes and commercial property increased 1% in Weymouth. The average sales price was $412,778.   

 

The number of mortgages recorded (559) on Weymouth properties during the 3rd quarter 2018 was down 19% from the previous year. Also, total mortgage indebtedness decreased 96% to $155,350,948. This percentage decrease was impacted by the $1.6 billion mortgage taken out against the Calpine Fore River Energy Center, property located in Weymouth and Quincy, on 7/7/17. 

 

There were 11 foreclosure deeds filed against Weymouth properties during the 3rd quarter 2018, compared to 3 filed during the 3rd quarter 2017.  

 

Finally, homestead activity decreased 4% in Weymouth during the 3rd quarter 2018 with 320 homesteads filed compared to 333 during the same time period in 2017.

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.