During the 3rd quarter of 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 the 3rd quarter 2019. 1,403 land documents were recorded versus 1,330 during the third quarter 2018.
The total volume of real estate sales in Wellesley during the 3rd quarter 2019 was $194,190,502, an 18% decrease from the same time period in 2018. Also, the average sale price of homes and commercial property decreased 4% in Wellesley. The average sale price was $1,553,524.
The number of mortgages recorded (318) on Wellesley properties during the 3rd quarter 2019 was up 17% from the previous year. Also, total mortgage indebtedness increased 26% to $277,988,194.
There were 0 foreclosure deeds filed against Wellesley properties during the 3rd quarter 2019, the same number filed during the 3rd quarter 2018.
Finally, homestead activity decreased 21% in Wellesley during the 3rd quarter 2019 with 119 homesteads filed, compared to 151 recorded during the same time period in 2018