During 2014, real estate activity in Quincy saw increases in total volume and average sales price.
There was a 22% decrease in documents recorded at the Norfolk County Registry of Deeds for Quincy in 2014, resulting in a reduction of 4,609 documents from 18,085 to 14,016.
The total volume of real estate sales in Quincy during 2014 was $711,429,015 which showed a 6% increase from 2013. The average sale price of homes and commercial property was up 11% in Quincy. The average sale was $551,495.
The number of mortgages recorded (2,645) on Quincy properties in 2014 was down by 30% from the previous year. Total mortgage indebtedness also decreased by 47% to $1,124,097,500 during the same period.
There were 33 foreclosure deeds filed in Quincy during 2014, representing a 43% increase from the previous year when there was 23 foreclosure deeds filed.
Finally, homestead activity decreased 11% in Quincy during 2014 with 1,149 homesteads filed compared to 1,297 in 2013.