During the 3rd quarter of 2016, real estate activity in Quincy saw significant increases in both total sales volume and average sales price.
There was a 3% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the city of Quincy during the 3rd quarter 2016. 4,653 land documents were recorded versus 4,507 during the third quarter 2015.
The total volume of real estate sales in Quincy during the 3rd quarter 2016 was $339,274,730, a 72% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 68% in Quincy. The average sale price was $739,160.
The number of mortgages recorded (976) on Quincy properties during the 3rd quarter 2016 was up 17% compared to the previous year. Total mortgage indebtedness increased 10% to $498,247,653 during the same period.
There were 9 foreclosure deeds filed against Quincy properties during the 3rd quarter 2016 compared to 4 foreclosure deed filings during the 3rd quarter 2015.
Finally, homestead activity decreased 5% in Quincy during the 3rd quarter 2016 with 373 homesteads filed compared to 392 during the same time period in 2015.