During the 2nd quarter of 2019, real estate activity in Dedham saw decreases in both total sales volume and average sales price.
There was a 0% change in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Dedham during the 2nd quarter 2019. 1,321 land documents were recorded, the same number filed during the second quarter 2018.
The total volume of real estate sales in Dedham during the 2nd quarter 2019 was $78,873,154, a 27% decrease from the same time period in 2018. Also, the average sale price of homes and commercial property decreased 21% in Dedham. The average sale price was $621,048.
The number of mortgages recorded (303) on Dedham properties during the 2nd quarter 2019 was up 13% from the previous year. Also, total mortgage indebtedness increased 114% to $259,600,641 during the same time period.
There was 1 foreclosure deed filed against a Dedham property during the 2nd quarter 2019, compared to 3 foreclosure deeds filed during the 2nd quarter 2018.
Finally, homestead activity increased 9% in Dedham during the 2nd quarter 2019 with 144 homesteads filed compared to 132 during the same time period in 2018.