During the 2nd quarter of 2019, real estate activity in Wellesley saw increases in both total sales volume and average sales price.
There was a 1% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Wellesley during the 2nd quarter 2019. 1,442 land documents were recorded versus 1,426 during the second quarter 2018.
The total volume of real estate sales in Wellesley during the 2nd quarter 2019 was $252,343,676, an 8% increase from the same time period in 2018. Also, the average sale price of homes and commercial property increased 7% in Wellesley. The average sale price was $1,716,623.
The number of mortgages recorded (311) on Wellesley properties during the 2nd quarter 2019 was up 11% from the previous year. Also, total mortgage indebtedness increased 62% to $392,587,651.
There were 0 foreclosure deeds filed against Wellesley properties during the 2nd quarter 2019, the same number filed during the 2nd quarter 2018.
Finally, homestead activity increased 3% in Wellesley during the 2nd quarter 2019 with 164 homesteads filed, compared to 159 recorded during the same time period in 2018