During the 3rd quarter of 2019, real estate activity in Quincy saw decreases in both total sales volume and average sales price.
There was a 5% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the city of Quincy during the 3rd quarter 2019. 3,950 land documents were recorded versus 3,779 during the third quarter 2018.
The total volume of real estate sales in Quincy during the 3rd quarter 2019 was $209,534,130, an 18% decrease from the same time period in 2018. Also, the average sale price of homes and commercial property decreased 7% in Quincy. The average sale price was $538,648.
The number of mortgages recorded (865) on Quincy properties during the 3rd quarter 2019 was up 18% from the previous year. Also, total mortgage indebtedness increased 249% to $921,126,443. This number was impacted by a $436.4 million mortgage taken out against a Quincy property on 7/17/19.
There were 3 foreclosure deeds filed against Quincy properties during the 3rd quarter 2019, compared to 4 foreclosure deeds filed during the 3rd quarter 2018.
Finally, homestead activity increased 4% in Quincy during the 3rd quarter 2019 with 386 homesteads filed compared to 370 during the same time period in 2018.