During the 2nd quarter of 2021, real estate activity in Dedham saw increases in total sales volume and average sales price.
There was a 33% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Dedham during the 2nd quarter 2021. 1,928 land documents were recorded versus 1,454 during the 2nd quarter 2020.
The total volume of real estate sales in Dedham during the 2nd quarter 2021 was $139,219,178, a 158% increase from the same time period in 2020. Also, the average sale price of homes and commercial property increased 44% in Dedham. The average sale price was $843,752. These figures were impacted by two commercial sales that took place during the quarter.
The number of mortgages recorded (482) on Dedham properties during the 2nd quarter 2021 was up 3% from the previous year. Total mortgage indebtedness was $275,999,396, up 91% from the 2nd quarter 2020.
There were 0 foreclosure deeds filed against Dedham properties during the 2nd quarter 2021 compared to 2 foreclosure deed filed during the 2nd quarter 2020.
Finally, homestead activity in Dedham increased 48% during the 2nd quarter 2021 with 173 homesteads filed, compared to 117 filed during the same time period in 2020.