During 2019, real estate activity in Wellesley 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 town of Wellesley during 2019. 5,199 land documents were recorded versus 4,934 during 2018.
The total volume of real estate sales in Wellesley during 2019 was $679,030,583, a 10% decrease from 2018. Also, the average sale price of homes and commercial property decreased 1% in Wellesley. The average sale price was $1,605,273.
The number of mortgages recorded (1,168) on Wellesley properties during 2019 was up 13% from the previous year. Also, total mortgage indebtedness increased 37% to $1,100,261,022.
There was 1 foreclosure deed filed against a Wellesley property during 2019, compared to 0 foreclosure deeds filed in 2018.
Finally, homestead activity decreased 11% in Wellesley during 2019 with 469 homesteads filed, compared to 528 recorded in 2018