During the 3rd quarter of 2018, real estate activity in Quincy saw increases in both total sales volume and average sales price.
There was a 9% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the city of Quincy during the 3rd quarter 2018. 3,778 land documents were recorded versus 4,149 during the third quarter 2017.
The total volume of real estate sales in Quincy during the 3rd quarter 2018 was $256,408,668, an 8% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 9% in Quincy. The average sale price was $577,497.
The number of mortgages recorded (730) on Quincy properties during the 3rd quarter 2018 was down 10% from the previous year. Also, total mortgage indebtedness decreased 87% to $263,148,568. This percentage decrease figure was impacted by a $1.6 billion mortgage taken out against the Calpine Fore River Energy Center property located in Weymouth and Quincy on 7/7/17.
There were 4 foreclosure deeds filed against Quincy properties during the 3rd quarter 2018, the same number filed during the 3rd quarter 2017.
Finally, homestead activity decreased 7% in Quincy during the 3rd quarter 2018 with 369 homesteads filed compared to 397 during the same time period in 2017.