During the 3rd quarter of 2018, real estate activity in Needham saw increases in both total sales volume and average sales price.
There was a 3% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Needham during the 3rd quarter 2018. 1,602 land documents were recorded versus 1,645 during the third quarter 2017.
The total volume of real estate sales in Needham during the 3rd quarter 2018 was $286,631,384, a 41% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 31% in Needham. The average sale price was $1,737,159.
The number of mortgages recorded (294) on Needham properties during the 3rd quarter 2018 was down 17% from the previous year. However, total mortgage indebtedness increased 3% to $207,101,374 during the same period.
There were 0 foreclosure deeds filed against Needham properties during the 3rd quarter 2018, the same number filed during the 3rd quarter 2017.
Finally, homestead activity decreased 5% in Needham during the 3rd quarter 2018 with 167 homesteads filed compared to 175 during the same time period in 2017.