During 2014, real estate activity in Weymouth saw dramatic increases in total volume and average sales price.
There was a 21% decrease in documents recorded at the Norfolk County Registry of Deeds for Weymouth in 2014, resulting in a reduction of 2,569 documents from 12,324 to 9,755.
The total volume of real estate sales in Weymouth during 2014 was $885,492,647 which showed a 178% increase from 2013. The average sale price of homes and commercial property was up 189% in Weymouth. The average sale was $1,090,508. These numbers were significantly influenced by the November 17th sale of Fore River Energy for $265 million.
The number of mortgages recorded (1,895) on Weymouth properties in 2014 was down by 26% from the previous year. Total mortgage indebtedness also decreased by 8% to $534,354,761 during the same period.
There were 29 foreclosure deeds filed in Weymouth during 2014, representing a 21% increase from the previous year when there was 24 foreclosure deeds filed.
Finally, homestead activity decreased 12% in Weymouth during 2014 with 858 homesteads filed compared to 980 in 2013.