Real estate activity in Wellesley, MA during the 1st quarter of 2015 saw increases in both total real estate sales volume and borrowing.
There was a 16% increase in total land documents recorded at the Norfolk County Registry of Deeds from the town of Wellesley during the 1st quarter of 2015. 1,299 land documents were recorded versus 1,120 during the 1st quarter of 2014.
The total dollar volume of real estate sales in Wellesley during the 1st quarter of 2015 was $105,894,721, a 16% increase over 2014 1st quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $1,411,929, a 13% increase over 1st quarter 2014.
The number of mortgages recorded on Wellesley properties during the 1st quarter of 2015 was 332, a 41% increase from the same time period in 2014. Total mortgage indebtedness was $217,121,182 for the quarter compared to $130,532,563 for the 1st quarter 2014.
There were no foreclosure deeds recorded against Wellesley properties during the 1st quarter of 2015.
Finally, Homestead activity decreased in Wellesley during the 1st quarter of 2015. 87 Homesteads were recorded in the quarter representing a 12% reduction from the 1st quarter 2014 number of 99.