During 2018, real estate activity in Westwood saw increases in both total sales volume and average sales price.
There was a 3% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Westwood in 2018. 2,910 land documents were recorded versus 3,010 in 2017.
The total volume of real estate sales in Westwood during 2018 was $281,181,947, a 22% increase from 2017. The average sales price of homes and commercial property was up 26% in Westwood. The average sale price was $1,238,686.
The number of mortgages recorded (636) on Westwood properties in 2018 was down 6% from the previous year. Total mortgage indebtedness decreased 44% to $359,739,686 during the same period.
There was 1 foreclosure deed filed against a Westwood property during 2018, compared to 2 foreclosure deeds filed in 2017.
Finally, homestead activity decreased 10% in Westwood during 2017 with 269 homesteads filed compared to 300 in 2017.