During 2014, real estate activity in Dedham saw increases in total volume and average sales price.
There was an 18% decrease in documents recorded at the Norfolk County Registry of Deeds for Dedham in 2014, resulting in a reduction of 1,046 documents from 5,661 to 4,615.
The total volume of real estate sales in Dedham during 2014 was $260,571,717 which showed a 65% increase from 2013. The average sale price of homes and commercial property was up by 54% in Dedham. The average sale was $648,188. These figures were impacted by the following transactions recorded in 2014; $31 million sale of Allied Drive property on October 2nd, $19 million sale of 25 Fox Drive on October 19th, and the $16 million sale of Dedham Medical Associates on December 23rd.
The number of mortgages recorded (956) on Dedham properties in 2014 was down by 24% from the previous year. Total mortgage indebtedness actually increased by 38% to $1,048,462,415 during the same period.
There were 11 foreclosure deeds filed in Dedham during 2014, representing a 10% increase from the previous year when there was 10 foreclosure deeds filed.
Finally, homestead activity decreased by 5% in Dedham during 2014 with 450 homesteads filed compared to 476 in 2013.