During the 2nd quarter of 2018, real estate activity in Wellesley saw no percentage increase or decrease in total sales volume and a medium increase in average sales price.
There was a 6% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Wellesley during the 2nd quarter 2018. 1,424 land documents were recorded versus 1,509 during the second quarter 2017.
The total volume of real estate sales in Wellesley during the 2nd quarter 2018 was $233,298,323, no percentage change from the same time period in 2017. However, the average sale price of homes and commercial property increased 9% in Wellesley. The average sale price was $1,608,953.
The number of mortgages recorded (281) on Wellesley properties during the 2nd quarter 2018 was down 11% from the previous year. However, total mortgage indebtedness increased 17% to $241,913,859.
There were 0 foreclosure deeds filed against Wellesley properties during the 2nd quarter 2018 compared to 3 foreclosure deeds filed during the 2nd quarter 2017.
Finally, homestead activity decreased 1% in Wellesley during the 2nd quarter 2018 with 159 homesteads filed compared to 160 during the same time period in 2017.