During the 3rd quarter of 2021, real estate activity in Needham saw increases in total sales volume and average sales price.
There was a 15% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Needham during the 3rd quarter 2021. 2,145 land documents were recorded versus 2,512 during the 3rd quarter 2020.
The total volume of real estate sales in Needham during the 3rd quarter 2021 was $225,320,453, a 19% increase from the same time period in 2020. Also, the average sale price of homes and commercial property increased 20% in Needham. The average sale price was $1,502,136.
The number of mortgages recorded (585) on Needham properties during the 3rd quarter 2021 was down 22% from the previous year. However, total mortgage indebtedness was $411,407,259, up 8% from the 3rd quarter 2020.
There were 0 foreclosure deeds filed against Needham properties during the 3rd quarter 2021 compared to 0 foreclosure deed filed during the 3rd quarter 2020.
Finally, homestead activity in Needham decreased 2% during the 3rd quarter 2021 with 170 homesteads filed, compared to 173 filed during the same time period in 2020.