Real Estate activity in Quincy during the 3rd quarter of 2015 saw a decrease in total real estate sales volume but an increase in borrowing.
There was a 14% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the city of Quincy during the 3rd quarter of 2015. 4,507 land documents were recorded versus 3,954 during the 3rd quarter of 2014.
The total dollar volume of real estate sales in Quincy during the 3rd quarter of 2015 was $197,597,910, an 11% decrease over 2014 3rd quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $440,084, an 18% decrease from the same time period in 2014.
The number of mortgages recorded against Quincy properties during the 3rd quarter of 2015 was 837, a 13% increase from the 3rd quarter 2014 number. Total mortgage indebtedness was $454,766,828 for the quarter compared to $417,365,191 for the 3rd quarter 2014.
There were 4 foreclosure deeds filed against Quincy properties during the 3rd quarter 2015. This represented a decrease of 56% over the same time period in 2014.
Finally, homestead activity increased in Quincy during the 3rd quarter 2015 with 392 Homesteads recorded representing a 12% increase from the 3rd quarter 2014 total of 351.