During 2017, real estate activity in Westwood saw decreases in both total sales volume and average sales price.
There was a 16% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Westwood in 2017. 3,008 land documents were recorded versus 3,597 in 2016.
The total volume of real estate sales in Westwood during 2017 was $229,880,443, a 60% decrease from 2016. The average sales price of homes and commercial property was down 58% in Westwood. The average sale price was $986,611. These numbers were impacted by the $205 million sale of Westwood Station that took place in mid-August, 2016.
The number of mortgages recorded (677) on Westwood properties in 2017 was down 25% from the previous year. Total mortgage indebtedness decreased 42% to $645,318,443 during the same period.
There were 2 foreclosure deeds filed against Westwood properties during 2017, the same number recorded in 2016.
Finally, homestead activity increased 3% in Westwood during 2017 with 300 homesteads filed compared to 292 in 2016.