During 2019, real estate activity in Weymouth saw a decrease in total sales volume but an increase in average sales price.
There was a 1% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Weymouth during 2019. 11,562 land documents were recorded versus 11,500 during 2018.
The total volume of real estate sales in Weymouth during 2019 was $461,854,846, a 9% decrease from 2018. However, the average sale price of homes and commercial property increased 6% in Weymouth. The average sales price was $447,533.
The number of mortgages recorded (2,498 on Weymouth properties during 2019 was up 18% from the previous year. However, total mortgage indebtedness decreased 81% to $980,293,280 during the same time period. This figure was impacted by a $2 billion mortgage recorded against commercial property located in both Weymouth and Quincy on 2/6/18.
There were 17 foreclosure deeds filed against Weymouth properties during 2019, compared to 31 filed during 2018.
Finally, homestead activity decreased 5% in Weymouth during 2019 with 1,102 homesteads filed compared to 1,162 recorded during 2018.