During 2014, real estate activity in Needham saw increases in total volume and average sales price.
There was a 30% decrease in documents recorded at the Norfolk County Registry of Deeds for Needham in 2014, resulting in a reduction of 2,709 documents from 9,014 to 6,305.
The total volume of real estate sales in Needham during 2014 was $603,382,375 which showed a 9% increase from 2013. The average sale price of homes and commercial property was up by 16% in Needham. The average sale was $1,125,713.
The number of mortgages recorded (1,427) on Needham properties in 2014 was down by 35% from the previous year. Total mortgage indebtedness also decreased by 30% to $897,452,741 during the same period.
There was 1 foreclosure deed filed in Needham during 2014, representing a 67% decrease from the previous year when there was 3 foreclosure deeds filed.
Finally, homestead activity decreased 3% in Needham during 2014 with 647 homesteads filed compared to 670 in 2013.