During the 2nd quarter of 2019, real estate activity in Westwood saw decreases in both total sales volume and average sales price.
There was a 27% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Westwood during the 2nd quarter 2019. 657 land documents were recorded versus 906 during the second quarter 2018.
The total volume of real estate sales in Westwood during the 2nd quarter 2019 was $46,194,378, a 43% decrease from the same time period in 2018. Also, the average sale price of homes and commercial property decreased 19% in Westwood. The average sale price was $839,897.
The number of mortgages recorded (156) on Westwood properties during the 2nd quarter 2019 was down 26% from the previous year. Also, total mortgage indebtedness decreased 43% to $77,229,324 during the same time period.
There were 0 foreclosure deeds filed against Westwood properties during the 2nd quarter 2019, the same number filed during the 2nd quarter 2018.
Finally, homestead activity decreased 29% in Westwood during the 2nd quarter 2019 with 69 homesteads filed compared to 97 during the same time period in 2018.