Register O’Donnell Delivers 2024 First Quarter Real Estate Activity Report

Norfolk County Register of Deeds William P. O’Donnell reported that Norfolk County recordings for the first quarter of 2024 (January-March 2024) indicate a slight decrease in overall real estate activity due to a drop in mortgage activity as compared to the first quarter of 2023. 

Register O’Donnell Delivers 2024 First Quarter Real Estate Activity Report

 

The Norfolk County Registry of Deeds recorded 21,980 documents in the first quarter of 2024. This was 3% less than the first quarter of 2023.

 

“During the recently completed 2024 first quarter, the number of deeds recorded fluctuated in line with seasonal trends,” noted Norfolk County Register of Deeds William P. O’Donnell. “However, lending activity, which makes up a significant percentage of overall recordings, was down, likely due to higher interest rates relative to what they were in 2020 and 2021.”

 

The number of deeds for the first quarter of 2024, which reflect both commercial and residential real estate sales and transfers, was 3,262, an increase of half a percent from the first quarter of 2023.

 

“Real estate sales and transfers have remained steady this quarter when compared to the first quarter in 2023, but despite an increase in property listings in the first quarter of 2024, the number of available properties on the market is still not able to keep up with demand, leading to a rise in average property sales prices,” said Register O’Donnell.

 

Overall lending activity was down overall for the first quarter. A total of 2,960 mortgages were recorded this quarter, 7% less than the first quarter of 2023.

 

“Homeowners who took advantage of lower interest rates in 2020 and 2021 are less likely to refinance and are more hesitant to buy at current mortgage interest rates. Higher interest rates also make it harder for first-time home buyers to secure affordable repayment options,” noted O'Donnell.

 

The first quarter's sale prices have increased compared to the first quarter of 2023. The average sale price in the first quarter was $1,019,512, a 14% increase from the first quarter of 2023. The total dollar volume of commercial and residential sales is up $153,241,526, increasing 11% from the same period a year ago.

 

O'Donnell stated, “The increase in sale prices reflects the competitive real estate market in Norfolk County and Massachusetts as a whole, with the number of available properties not being able to meet demand.”

 

The Norfolk County Registry of Deeds has been closely monitoring the foreclosure market. In the first quarter of 2024, there were 29 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, whereas in the first quarter of 2023, there were 16 recorded. However, in the first quarter of 2024, there were 90 notices to foreclose, the first step in the foreclosure process, less than the 203 recorded in the first quarter of 2023.

 

“We cannot begin to know all the causes that have contributed to these foreclosures and notices to foreclose, but what we do know is that a number of our neighbors have lost their homes,” said Register O'Donnell. “We all experience unforeseen events in our lives, and sometimes events beyond our control can have devastating emotional and financial effects, so I would urge anyone struggling to pay their mortgage or who knows someone who is struggling to contact one of the non-profit organizations listed on our website, www.norfolkdeeds.org.”

 

For the past several years, the Norfolk County Registry of Deeds has partnered with Quincy Community Action Programs (617-479-8181 x376) and NeighborWorks Housing Solutions (508-587-0950) to help anyone facing challenges paying their mortgage. Another option for homeowners is to contact the Massachusetts Attorney General’s Consumer Advocacy and Response Division (CARD) at 617-727-8400.

  

Register O’Donnell concluded, “The first quarter of 2024 revealed a real estate market that is feeling the effects of a limited inventory of available properties. The demand to both live and work in Norfolk County remains high, which is one factor contributing to the competitive market, and until more inventory becomes available, this trend is likely to persist. An increase in new home construction could alleviate some of the strain, leading to a more balanced market for buyers and sellers alike.”

 

To learn more about these and other Registry of Deeds events and initiatives, “like” us on Facebook at facebook.com/norfolkdeeds. Follow us on Twitter and Instagram at @norfolkdeeds.

 

The Norfolk County Registry of Deeds, located at 649 High St., Dedham, is the principal office for real property in Norfolk County. The Registry is a resource for homeowners, title examiners, mortgage lenders, municipalities, and others with a need for secure, accurate, and accessible land record information. All land record research information can be found on the Registry's website, www.norfolkdeeds.org. Residents in need of assistance can contact the Registry of Deeds Customer Service Center at (781) 461-6101 or email us at registerodonnell@norfolkdeeds.org.

Norfolk County Register of Deeds schedule office hours in Franklin, May 7 from 10 AM to 2 PM

Norfolk County Register of Deeds William P. O’Donnell and his outreach team will hold office hours Tuesday, May 7th, from 10 AM to 12 PM at Franklin Town Hall in the Council Chambers as part of his ongoing efforts to bring the Registry of Deeds directly to the residents of Norfolk County.

The Registry of Deeds is the principal office for real property records in Norfolk County, cataloging and housing more than 13.1 million land documents dating back to 1793. The office hours will be held to assist residents with any questions or concerns regarding real property records or land documents.

The Register expressed his strong belief in the benefits of bringing the Registry directly to Franklin. “These Registry office hours,” noted the Register, “allow us to bring the services of the Registry of Deeds directly to the citizens of Norfolk County without the inconvenience of having them travel to the Registry’s central office in Dedham.”

By offering office hours in Franklin, the Register aims to make it more convenient for residents to access and inquire about real property records. This initiative reflects the Register's commitment to providing efficient and accessible services to the citizens of Norfolk County.

Registry staff are able to provide local residents with certified copies of land documents, such as deeds and mortgage discharges. They can also bring original land documents for residents back to the Registry for recording.

Register O’Donnell concluded by stating, “I understand that not everyone has the ability to travel to the Registry. By offering office hours in Franklin, we hope to accommodate those who may have difficulty making it to our main location. Additionally, residents can also utilize our online services to access and request real property records from the comfort of their own homes. Our goal is to ensure that all Norfolk County residents have convenient and flexible options for accessing and inquiring about their real property records.”

Shared from -> https://www.norfolkdeeds.org/news-event/news-announcements/register-o-donnell-to-bring-the-registry-of-deeds-directly-to-franklin-residents-1930

Norfolk County Register of Deeds schedule office hours in Franklin, May 7 from 10 AM to 2 PM

Register O'Donnell Promotes Massachusetts Homestead Act

Norfolk County Register of Deeds William P. O’Donnell today reminded homeowners about the importance of filing for Homestead Protection. 

 

In 2023 there were 9,693 decelerations of Homestead filed at the Norfolk County Registry of Deeds, 14% less than in 2022.

 

"If you own a home, and it is your primary residence, you have an automatic homestead exemption of $125,000. However, if you file a Declaration of Homestead at the Registry of Deeds, the exemption increases to $500,000. The Homestead Law provides a homeowner with limited protection against the forced sale of their primary residence to satisfy unsecured debt up to $500,000 if they have filed. This is especially important when you consider that for most of us, a home is our most valuable asset. Consumers should take steps to protect that asset," noted Norfolk County Register of Deeds William P. O’Donnell. 

Register O'Donnell Promotes Massachusetts Homestead Act

Another feature of the Homestead Law is the allowance for the filing of an Elderly Homestead Declaration, which defines an elder as a person who is 62 years of age or older and provides protection of $500,000 for each qualified person.

 

The Register further noted, "In March of 2011, the Homestead Law was updated so that a valid Homestead is not terminated when refinancing a mortgage. Other changes that took place back in 2011 state that a Homestead can provide protections for a primary home even if it is held in a trust. The definition of a primary residence was also expanded to include a manufactured or mobile home." 

 

A Declaration of Homestead also protects the sale proceeds if the home is sold for up to one year after the date of the sale or on the date when a new home is purchased with the proceeds, whichever comes first. Additionally, if the home is damaged by a fire, for example, the insurance proceeds are protected for two years after the date of the fire or on the date when the home is reconstructed or a new home is purchased, whichever is earlier.

 

While the Homestead Statute provides important protections for homeowners, it is important to note that certain debts are exempt from protection under the Homestead Act. These include federal, state, and local tax liens, as well as mortgages contracted for the purchase of a primary home and nursing home liens. Most other mortgages, debts, and encumbrances existing prior to the filing of the Declaration of Homestead, along with probate court executions for spousal and child support, are also not covered under the Homestead Protection Statute.

 

Declarations of Homestead are recorded at the Registry of Deeds for a state-imposed fee of $36.00. Additional information about the Homestead Law and the forms are available at no cost by going to the Registry’s website at www.norfolkdeeds.org.

 

Register O’Donnell concluded, "I want to reiterate that a Homestead provides limited protection against the forced sale of a homeowner’s primary residence to satisfy unsecured debt up to $500,000. While the debt is still owed, homeowners can have peace of mind knowing that with a Declaration of Homestead recorded at the Registry of Deeds, their primary residence cannot be forcibly sold to satisfy some debts."

 

If you have any questions about a Homestead, please contact the Norfolk County Registry of Deeds Customer Service Center at 781-461-6101, Monday through Friday between the hours of 8:30 a.m. and 4:30 p.m.

 

To learn more about these and other Registry of Deeds events and initiatives, "like" us on Facebook at facebook.com/norfolkdeeds. Follow us on Twitter and Instagram at @norfolkdeeds.

 

The Norfolk County Registry of Deeds is located at 649 High Street in Dedham.  The Registry is a resource for homeowners, title examiners, mortgage lenders, municipalities and others with a need for secure, accurate, accessible land record information.  All land record research information can be found on the Registry’s website www.norfolkdeeds.org.  Residents in need of assistance can contact the Registry of Deeds Customer Service Center via telephone at (781) 461-6101, or email us at registerodonnell@norfolkdeeds.org.

Norfolk County Registry of Deeds: Available Property Inventory Tries to Catch Up

Norfolk County Register of Deeds William P. O’Donnell reports that Norfolk County recordings in March 2024 show a decrease in the total number of documents recorded, which includes a decrease in property sales and mortgage recordings compared to March 2023. This decrease can be attributed to a variety of factors, including high competition, high property prices, and a limited inventory of available property.

The Registry of Deeds recorded 7,664 documents in March 2024. This was 10% less than in March 2023, but a 13% increase compared to February 2024.

Available Property Inventory Tries to Catch Up

“The number of deed recordings and mortgage recordings are significant contributors to overall real estate activity, and whenever either or both of these numbers decline, there will be a substantial decrease in the total number of recordings,” stated Norfolk County Register of Deeds William P. O’Donnell.

For the month of March, lending activity also showed a decrease compared to the same month a year ago. A total of 1087 mortgages were recorded in March 2024, down 15% from March 2023 but up 19% from last month.

“The decreasing trend in mortgage recordings has significantly slowed, but total recordings are still lower than last year, likely because those who locked in lower mortgage interest rates in 2020 and 2021 are less likely to refinance at current rates and some may be holding out for lower mortgage interest rates, predicted for later this year.” stated O’Donnell.

The average sale price of commercial and residential properties for March 2024 rose to $1,043,639, an 18% increase compared to March 2023 and an increase of 5% from February 2024. The total dollar volume of commercial and residential sales is up, increasing 8% from last year and up 36% from last month.

O’Donnell noted, “With a limited supply of available properties on the market, any increase in demand is likely to cause an increase in the average property sales price even with the increase in listing moving into the home buying season.”

According to the Massachusetts Association of Realtors, since the start of 2024, new listings have increased each month compared to the previous month.

The total number of deeds recorded for March 2024, which reflects both commercial and residential real estate sales and transfers, was 1,176, down 6% from March 2023, but up 22% from February of last month.

“I think many would agree that it is a difficult market for buyers, especially first-time home buyers, due to the limited inventory of available property and an increase in property prices compared to previous years,” said Register O'Donnell. “As we move into the traditional home buying season, there are some signs of improvement in regards to the number of property listings, which may help alleviate some of the pressure on buyers. However, the overall trend of a lack of inventory and increasing prices is still a concern.”

The Norfolk County Registry of Deeds continues to closely monitor the foreclosure market. In March 2024, there were 12 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, whereas in March 2023, there were 4 recorded. The total number of notices to foreclose, the first step in the foreclosure process, decreased from last year, going from 30 notices in March 2023 to 28 in March 2024.

“We all experience unforeseen events in our lives. Sometimes these events are beyond our control and can have a devastating impact on our finances. I would urge anyone struggling to pay their mortgage or who knows someone who is struggling to contact one of the non-profit organizations listed on our website, www.norfolkdeeds.org,” said O'Donnell.

For the past several years, the Norfolk County Registry of Deeds has partnered with Quincy Community Action Programs (617-479-8181 x376) and NeighborWorks Housing Solutions (617-770-2227) to help anyone facing challenges paying their mortgage. Another option for homeowners is to contact the Massachusetts Attorney General’s Consumer Advocacy and Response Division (CARD) at 617-727-8400.

O’Donnell concluded, “Overall, the real estate market still has a few hurdles to overcome and continues to be highly competitive due to the high demand to live and work in Norfolk County communities and the inventory of available property. We will need to wait and see if the increase in property listings is enough to overcome the demands for housing here in the communities of Norfolk County.”

To learn more about these and other Registry of Deeds events and initiatives, “like” us on Facebook at facebook.com/norfolkdeeds. Follow us on Twitter and Instagram at @norfolkdeeds.

The Norfolk County Registry of Deeds, located at 649 High St., Dedham, is the principal office for real property in Norfolk County. The Registry is a resource for homeowners, title examiners, mortgage lenders, municipalities, and others with a need for secure, accurate, and accessible land record information. All land record research information can be found on the Registry's website, www.norfolkdeeds.org. Residents in need of assistance can contact the Registry of Deeds Customer Service Center at (781) 461-6101 or email us at registerodonnell@norfolkdeeds.org

Good Deeds: A Deed in Hand

During my 2024 office hours tour I have had the pleasure of visiting various towns throughout Norfolk County while letting residents know what programs and services are available through the Norfolk Registry of Deeds. While holding these Registry office hours it is not uncommon for a homeowner to ask, "Do I need a copy of my deed?" To which I reply, "You don't have to have one, but it's good to keep one on hand in case you need it."

Your deed can tell you a lot about your property. Exactly who owns it. How it is owned for probate purposes. The price you paid for it. The description of your land. And for some people, all this information contained brings them peace of mind. After all, when you think of it, most people's homes are their greatest financial asset.

To some people getting a copy of their deed presents a whole host of questions: "Do I need an attorney to access my deed for me? Is it expensive to get a copy? Do I have to drive all the way to the Registry of Deeds to get it? If I decide to come to the Registry for a copy, is it hard to research?" 

Well, the good news is, and I think you'll find all the answers to your liking, you do not need a lawyer to obtain your deed. All you have to do is go online at the Norfolk County Registry of Deeds website at www.norfolkdeeds.org. Click on 'Online Research' at the top of the bar, and when the pop-up box appears, click on 'Search for Your Deed,' and you can print a non-certified copy for free. If you would like a certified copy, all you have to do is visit or call our well-regarded Customer Service Center, Monday through Friday, between 8:30 a.m. to 4:30 p.m., at 781-461-6101.

Good Deeds: A Deed in Hand 

There is more good news. The cost of a certified homeowner's deed is usually very inexpensive and can serve as a replacement for an original of it is ever lost or damaged. Certified deeds cost a dollar per page, and most deeds are two pages. Add a dollar for mailing, and an official copy of your deed will be sent to your home for $3.00!

By getting it at the Registry of Deeds, you won't pay an outrageous price from a deed solicitation company, which could charge you nearly 30 times the cost ($86) of what you would pay for it at the Registry. These companies prey on the elderly or new homeowners by 'suggesting' the homeowner is required to pay the "document fee" in what appears to be a government correspondence that almost looks like a property tax bill you would receive from the community you live in.

If you cannot make it to our main office in Dedham and wish to obtain a certified copy of your deed, visit the Norfolk County Registry of Deeds website at https://www.norfolkdeeds.org/news-event/upcoming-events to see a complete list of office hours, dates, and locations to find a scheduled office hour near your community.

Finally, I do suggest to homeowners if they get a certified copy of their deed to store it in a memorable place, like a safety deposit box or a file cabinet with their other papers. You would be surprised at how many people come to the Registry and say to the Customer Service Center, "I thought I had it, but I can't find it now." To that, I say, "No problem. We can get you another certified copy for you right now."

Norfolk County Sheriff: Find Your Voice- leadership through the arts

Are you the teen or the parent of a teen with a passion for performance and an interest in leadership? The Norfolk County Sheriff's Office has partnered with the South Shore Children's Chorus for the second year in a row for the "Find Your Voice" leadership program! This program gives teens the opportunity to develop their leadership skills and learn important lessons about identity and self-expression through the performing arts!  Registration is open now! Learn more at https://www.sscchorus.org/findyourvoice Norfolk County Sheriff: Find Your Voice- leadership through the arts

Norfolk County Sheriff's Office | 200 West St, Dedham, MA 02027 Sent by norfolkcountysheriffma@norfolkcountysheriffsoffice.ccsend.com powered by Try email marketing for free today!

Register O'Donnell’s “Suits for Success” Expands Partnership

Norfolk County Register of Deeds William P. O’Donnell recently partnered with The Office of Youth Employment and Opportunity of Boston to donate more than 300 articles of smart casual clothing, business attire, and suits for the 2024 City of Boston Youth Jobs & Resource Fair.

For individuals just starting out on the road to success, the high price of a suit can be an insurmountable obstacle, and it can represent a missed opportunity.

 Register O'Donnell’s “Suits for Success” Expands Partnership

“It is my great pleasure to donate these men's and women's suits and dress clothes on behalf of the residents of Norfolk County, and I hope that by partnering with the Office of Youth Employment and Opportunity, we can help to eliminate some of the barriers for young job seekers, empowering them to present themselves confidently in interviews,” stated Norfolk County Register of Deeds William P. O’Donnell.

The goal of the 2024 City of Boston Youth Jobs & Resource Fair is to connect young job seekers with over 150 employers. The event features job placement opportunities, and career development workshops. For more information contact the Office of Youth Employment and Opportunity at https://www.boston.gov/departments/youth-employment-and-opportunity or email them at Youthline@boston.gov.

“It’s a great partnership for the future because sometimes we don’t have access to a lot of suits,” said Jasmin Argueta, Youth and Career Development Coordinator for the Office of Youth Employment and Opportunity. “A donation like this allows for the youth to have access to clothes that they need for interviews or to have clothes for when they get a job in the future.”

Since the Registry started the “Suits for Success” program in February 2009, it has distributed more than 12,000 articles of clothing to local charitable organizations.

“During the past decade and a half, we have learned that programs like ‘Suits for Success’ work,” said O’Donnell. “This program has given many people a valuable resource to help them on the path to success. It is rewarding just to help others in our community who may be looking to take that next step in a search for a job.”

The Youth Engagement and Opportunities Program finds job prospects, develops, and engages Boston's youth. Their mission is to prepare young individuals to enter the workforce by supplying them with the necessary tools to do so, including training, clothing, and networking.

“Coming to job fair and finding out that they are able to have access to professional clothing that they might not have at home can play a lot with someone’s confidence, knowing that they are able to show up to a job interview in a nice suit,” said Argueta.

The “Suits for Success” program, developed by Register O’Donnell, partners with groups like Interfaith Social Services of Quincy, Father Bill’s & MainSpring of Quincy, the Veterans Affairs Boston Healthcare System Voluntary Service Program, Needham community council, Circle of Hope in Needham, United Parish’s Thrifty Threads, St. Vincent de Paul in Plainville, St. Francis House in Boston, Suits and Smiles in Jamaica Plain, InnerCity Weightlifting, New Life Furniture Bank of Massachusetts in Walpole, and The Office of Youth Employment and Opportunity of Boston to assist those who are in need of clothing as well as household items. The mission of “Suits for Success” is to collect donations of suitable clothing to be distributed to individuals who may need appropriate attire for employment interviews.

“I want to thank the individuals of Norfolk County and the surrounding communities who have taken the time and effort to donate to the “Suits for Success” program making, the partnerships we have with nonprofit organizations throughout Norfolk County and beyond possible,” stated O’Donnell.

If you would like to stay up-to-date on upcoming Registry of Deeds events, programs, and real estate information, you can sign up for our Registry email updates at www.norfolkdeeds.org, like us on Facebook at www.facebook.com/norfolkdeeds, or follow us on Twitter at www.twitter.com/norfolkdeeds.

The Norfolk County Registry of Deeds, located at 649 High St., Dedham, is the principal office for real property in Norfolk County. The Registry is a resource for homeowners, title examiners, mortgage lenders, municipalities, and others with a need for secure, accurate, and accessible land record information. All land record research information can be found on the Registry’s website, www.norfolkdeeds.org. Residents in need of assistance can contact the Registry of Deeds Customer Service Center at (781) 461-6101 or email us at registerodonnell@norfolkdeeds.org.

Register O’Donnell Delivered Food Donations to the Franklin Food Pantry

Norfolk County Register of Deeds William P. O'Donnell recently delivered donations of food to the Franklin Food Pantry. The contributions came from the Registry staff, title examiners, and the public, who participated in the Registry's Annual Holiday Food Drive which was held from November 14th to December 14th.

 

"On behalf of the many people who contributed to the Registry's food drive, it is my pleasure to deliver these items to the Franklin Food Pantry," stated Norfolk County Register of Deeds William P. O'Donnell. "I am thankful that so many Norfolk County residents, including our employees and title examiners, took the opportunity to donate and to help those with hardships during the holiday season."

 

Register O’Donnell Delivered Food Donations to the Franklin Food Pantry

The Registry collected more than 280 pounds of food during the drive, including items such as boxes of spaghetti, jars of sauce, canned soups, and fruits.

"Community donations are a big help and give us a good deal of variety that we wouldn't otherwise have," said Anne McGillis, Operations Director for the Franklin Food Pantry.

Last year, the Franklin Food Pantry helped more than 1,324 individuals in more than 650 households. Of those who received food assistance, more than one in four were children, and 36% were 65 or older.

 

"The food pantries throughout Norfolk County provide a valuable and much-needed resource for residents facing both long-term and temporary hardships, including children, families, and individuals, and I am grateful to be able to help in this small way," said Register O'Donnell.

 

According to Project Bread, household food insecurity in Massachusetts has been fluctuating between 20 and 26%. Many Norfolk County food pantries have seen a significant increase in demand in the last year. ​

"It is a great feeling to be able to help the community and to know that other members of the community understand that there is a need for this," said McGillis.

Franklin residents in need of assistance can register for services, schedule shopping appointments, or schedule home delivery by contacting the Franklin Food Pantry Client Services Coordinator at 508-528-3115.

 

Register O'Donnell concluded, "Hunger does not stop after the holidays it is a persistent issue affecting many of our neighbors. I encourage residents to consider dropping off food supplies at their local pantry. Pantries are requesting canned goods, breakfast cereals, pasta, sauces, toiletries, and paper products. Dropping off a food donation at a local pantry can make a world of difference in helping a family in need."

To see a list of Norfolk County food pantries, visit the Registry of Deeds website: https://www.norfolkdeeds.org/support/FAQs/where-are-the-norfolk-county-food-pantry-locations-142. Donations are needed all year long.

To learn more about these and other Registry of Deeds events and initiatives, "like" us on Facebook at facebook.com/norfolkdeeds. Follow us on Twitter and Instagram at @norfolkdeeds.

The Norfolk County Registry of Deeds, located at 649 High St., Dedham, is the principal office for real property in Norfolk County. All land record research information can be found on the Registry's website, www.norfolkdeeds.org. Residents in need of assistance can contact the Registry of Deeds Customer Service Center at (781) 461-6101 or email us at registerodonnell@norfolkdeeds.org.

Norfolk County Monthly Property Sales Increase for 2nd Month

Norfolk County Register of Deeds William P. O’Donnell reports that Norfolk County recordings in February 2024 show a slight increase in the total number of documents recorded, which includes an increase in property sales and mortgage recordings compared to February 2023. This marks the second month in a row that year over year property sales have increased.

The Registry of Deeds recorded 6,787 documents in February 2024. This was 1% more than in February 2023 and a 10% decrease compared to January 2024.

Norfolk County Monthly Property Sales Increase for 2nd Month

“Looking at the recordings from the past few months indicates that real estate activity in Norfolk County seems to be holding steady with some increases in property sales," stated Norfolk County Register of Deeds William P. O’Donnell. "It is still very early in the year, and with the traditional home buying season yet to begin, it will be important to continue monitoring these trends and to see how external factors, such as interest rates, may impact the real estate market in the coming months to see if this positive momentum will be sustained throughout the year.”

The total number of deeds recorded for February 2024, which reflects both commercial and residential real estate sales and transfers, was 961, which was nearly equal to the number in February 2023. However, looking at just commercial and residential real estate sales, the number was up 1% from last year.

“Despite some difficult market conditions, the total number of commercial and residential property sales in February 2024 showed a slight increase compared to the previous year,” stated Register O’Donnell. “This year-over-year increase may suggest that the prospects of lower mortgage interest rates, predicted by some market observers to come down by the first half of the upcoming year in 2024, are bringing buyers to the table early.”

The average sale price of commercial and residential properties for February 2024 rose to $994,236, a 5% increase compared to February 2023 but a decrease of 2% from January 2024. The total dollar volume of commercial and residential sales is up, increasing 6% from last year but down 11% from last month.

O’Donnell noted, “With a limited supply of available properties on the market, any increase in demand is likely to cause an increase in the average property sales price. Unfortunately, when prices rise without a corresponding rise in inventory, it may result in increased competition among buyers. This makes it harder for homebuyers in general, but especially for first-time homebuyers.”

For the month of February, lending activity showed an increase compared to the same month a year ago, the first time this has happened in over a year. A total of 916 mortgages were recorded in February 2024, up 1% from February 2023 and 4% less than last month.

“The increase in lending activity this month is likely a product of the increase in the number of property transactions compared to 2023,” stated O’Donnell. “This may suggest that while some homeowners are still hesitant to make moves with average mortgage interest rates above 6%, others are not dissuaded by current interest rates, but time will tell if this trend continues.”

The Norfolk County Registry of Deeds continues to closely monitor the foreclosure market. In February 2024, there were 6 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, whereas in February 2023, there were 3 recorded. The total number of notices to foreclose, the first step in the foreclosure process, increased from last year, going from 26 notices in February 2023 to 43 in February 2024.

“We all experience unforeseen events in our lives. Sometimes these events are beyond our control and can have a devastating impact on our finances. I would urge anyone struggling to pay their mortgage or who knows someone who is struggling to contact one of the non-profit organizations listed on our website, www.norfolkdeeds.org,” said O'Donnell.

For the past several years, the Norfolk County Registry of Deeds has partnered with Quincy Community Action Programs (617-479-8181 x376) and NeighborWorks Housing Solutions (617-770-2227) to help anyone facing challenges paying their mortgage. Another option for homeowners is to contact the Massachusetts Attorney General’s Consumer Advocacy and Response Division (CARD) at 617-727-8400.

O’Donnell concluded, “Real estate activity in Norfolk County is showing some positive trends, which is a good start to the year, but the housing market still has a few hurdles to overcome, including a limited inventory of available properties on the market, which is driving up prices and making it difficult for some buyers to find affordable options. To determine whether this positive momentum will last for the entire year, it will be important to keep an eye on these trends and observe how outside factors may affect the real estate market in the upcoming months.”

To learn more about these and other Registry of Deeds events and initiatives, “like” us on Facebook at facebook.com/norfolkdeeds. Follow us on Twitter and Instagram at @norfolkdeeds.

The Norfolk County Registry of Deeds, located at 649 High St., Dedham, is the principal office for real property in Norfolk County. The Registry is a resource for homeowners, title examiners, mortgage lenders, municipalities, and others with a need for secure, accurate, and accessible land record information. All land record research information can be found on the Registry's website, www.norfolkdeeds.org. Residents in need of assistance can contact the Registry of Deeds Customer Service Center at (781) 461-6101 or email us at registerodonnell@norfolkdeeds.org.

Register O'Donnell reveals Norfolk County’s top 20 real estate sales from 2023

Norfolk County Register of Deeds William P. O’Donnell reported that during 2023, twenty properties, a mix of commercial and residential, sold for more than $18,000,000, with an average price of $50,868,490.

The prices on the properties listed in this article relate to real estate sales during the period of January 1st, 2023, through December 31st, 2023 that occurred in the 28 communities that make up Norfolk County.

The twenty real estate properties were:

20. 2121 Central Street & Henry Street, Stoughton, a 91-unit, 277-room assisted living facility, sold in April for $18,713,000;

 

19. 210 Grove Street, Franklin, a 167,000-square-foot warehouse and distribution facility, sold in July for $19,500,000;

 

18. 85 John Road, Canton, a 435,600-square-foot research and development facility on 10 acres, sold in August for $22,750,000;

 

17. 102–104 Revere Street, Canton, a 3-story apartment building known as “Millside at Heritage Park,” housing 60 units built on 2.24 acres, sold in February for $26,625,000;

 

16. 206 Grove Street, Franklin, a 150,000-square-foot warehouse and distribution facility, sold in July for $28,000,000;

 

15. Wheeler Circle, Stoughton, the 280-unit apartment complex, known as Stone Ends Apartments, sold in July for $28,972,000;

 

14. 176 Grove Street, Franklin, a 171,000-square-foot freight transportation center and warehouse, was sold in May for $29,500,000;

 

13. 25 & 40 Kenwood Circle, Franklin, A multi-building storage and distribution center with a combined 200,000 square feet of space was sold in July to Boston Infill LLC for $37,500,000;

12. 40 Allied Drive, Dedham/Westwood, The Hilton hotel on the Dedham Westwood border sold in June for $41,900,000;

 

11. 57 Littlefield, Avon, multiple portions of land known as the "Avon Business Center" sold in July for $47,250,000;

 

10. 23.07 acres of land from the former U.S. Naval Air Station in Weymouth, sold in September for $50,000,000;

 

9. Finnell Drive Industrial Park, the 5-building, 246,625-square-foot industrial park located in Weymouth, sold on the last day of August for $51,000,000;

 

8. 45 Maple Street, Stoughton, a 49.98-acre asphalt and pavement quarry, sold on the first day of December for $62,000,000;

 

7. 135 Will Drive, Canton, a 417,014-square-foot warehouse and logistics facility on 26.3 acres of land, sold in December for $68,000,000;

 

6. 1284 Beacon Street, Brookline, the 8-story, 148-unit apartment building known as Pelham Hall, sold in December for $70,000,000;

 

5. Walpole Mall, which sits on 31 acres of land along the Boston Providence Highway, sold in July for $71,950,000 to LCR Walpole LLC;

 

4. 175-185 Campanelli Drive, Braintree, the 494,520-square-foot former United Liquors warehouse and distribution facility, sold in December for $77,500,000;

 

3. 51 Trotter Road, Weymouth, known as the MIO Apartments, an upscale residential studio apartment complex, sold in July for $94,600,000;

 

2. 8 Upland Woods Circle, Norwood, the 262-unit apartments complex known as One Upland, sold in December for $114,300,000;

 

1. The 472-unit apartment complex on the border of Canton and Randolph, known as Prynne Hills, sold in October for $143,500,000.

The top sales appear to have been a combination of apartment complexes, retail, industrial and warehouse space, and distribution facilities.

Register O'Donnell reveals Norfolk County’s top 20 real estate sales from 2023

"The industrial and commercial nature of these developments bodes well for the Norfolk County economy, both in terms of employment and revenue," stated Norfolk County Register of Deeds William P. O’Donnell. "This also indicates that Norfolk County is not only a desirable place to both live and work but is also a magnet for business, industry, and trade."

Excise taxes mandated by state law from these 20 real estate sales totaled more than $4,639,206 for the state and county.

"Despite a slowdown in overall real estate activity throughout Norfolk County in 2023, there were still pockets of the market that saw significant growth and development, particularly in commercial real estate and rental property," noted Register O’Donnell.

In 2023, there were 8,192 property sales recorded in Norfolk County, down 20% compared to 2022. The average real estate sales price, which include commercial and residential property, was $1,083,609, down 8% from last year.

"With many observers of the market predicting mortgage interest rates to decrease in the first half of the upcoming year in 2024, we hope to see more robust real estate activity in 2024, with continued growth in commercial real estate, rental, and residential properties," said Register O’Donnell.

To learn more about these and other Registry of Deeds events and initiatives, “like” us on Facebook at facebook.com/norfolkdeeds. Follow us on Twitter and Instagram at @norfolkdeeds.

The Norfolk County Registry of Deeds, located at 649 High St., Dedham, is the principal office for real property in Norfolk County. The Registry is a resource for homeowners, title examiners, mortgage lenders, municipalities, and others with a need for secure, accurate, and accessible land record information. All land record research information can be found on the Registry's website, www.norfolkdeeds.org. Residents in need of assistance can contact the Registry of Deeds Customer Service Center at (781) 461-6101 or email us at registerodonnell@norfolkdeeds.org.

Norfolk Deeds wishes the Town of Franklin a Happy Birthday! (video)

Norfolk Deeds (@NorfolkDeeds) posted Sat, Mar 02, 2024:

"Happy Birthday to the Town of Franklin, Incorporated, March 2, 1778. The Town of Franklin was named after United States Founding Father Benjamin Franklin.

Follow the link to watch Good Deeds: History Comes Alive, Franklin Public Library. https://t.co/a5bmZ4TkA3  or -> https://www.youtube.com/watch?v=KHCJUQDye2Y

@TOFranklinMA

Shared from -> https://t.co/FUgmoDqyWp

Norfolk County Deeds: "History Comes Alive" on the Franklin Public Library (video)

Friends of Franklin Library (@FriendsFranklin) posted Tue, Feb 27, 2024

Good Deeds: History Comes Alive, Franklin Public Library https://t.co/A98m9NOrFL via @YouTube  or  https://www.youtube.com/watch?v=KHCJUQDye2Y

Shared from -> https://t.co/eKCN8v8snC

a view of some of the books from Benjamin Franklin

Register O’Donnell Brings the Registry of Deeds Directly to Norfolk County Residents - Franklin, May 7, 2024

Norfolk County Register of Deeds William P. O'Donnell announced today that he and his outreach team will resume holding office hours in communities throughout Norfolk County as part of his ongoing efforts to bring the Registry of Deeds directly to the residents of Norfolk County.

 

The Registry of Deeds is the principal office for real property records in Norfolk County, cataloging and housing more than 10 million land documents dating back to 1793. The office hours will be held to assist residents in locating their property records and provide them with certified copies of land documents, such as deeds and mortgage discharges.

 

Norfolk County

The Register expressed his strong belief in the benefits of bringing the Registry directly to residents. "These office hours," noted Register O'Donnell, "allow us to bring Registry services directly to the residents of Norfolk County without the inconvenience of having them travel to the Registry's central office in Dedham."

 

By offering office hours, the Register aims to make it more convenient for residents to access and inquire about real property records. This initiative reflects the Register's commitment to providing efficient and accessible services to the residents of Norfolk County.

 

Although Registry staff cannot provide legal advice, they will be on hand along with the Register to answer basic questions, transport documents for recording, and assist in the filling out of a Declaration of Homestead form that provides limited protection against the forced sale of an individual's primary residence to satisfy unsecured debt up to $500,000. They will also assist a person in signing up for the Registry of Deeds Consumer Notification Program, which alerts a homeowner when a transaction has been made against their property to alert them against potential cases of fraud.

 

Register O'Donnell concluded by stating, "I understand that not everyone has the ability to travel to the Registry. By offering office hours in different locations throughout Norfolk County, we hope to accommodate those who may have difficulty making it to our main location. Additionally, residents can also utilize our online services at www.norfolkdeeds.org to access and request real property records from the comfort of their own homes. Our goal is to ensure that all Norfolk County residents have convenient and flexible options for accessing and inquiring about their real property records."

 

2024 Winter and Spring Scheduled Office Hours

 

 If you would like to stay up-to-date on upcoming Registry of Deeds events, programs, and real estate information, you can sign up for our Registry email updates at www.norfolkdeeds.org, like us on Facebook at www.facebook.com/norfolkdeeds, or follow us on Twitter at www.twitter.com/norfolkdeeds.

 

The Norfolk County Registry of Deeds, located at 649 High St., Dedham, is the principal office for real property in Norfolk County. The Registry is a resource for homeowners, title examiners, mortgage lenders, municipalities, and others with a need for secure, accurate, and accessible land record information. All land record research information can be found on the Registry's website, www.norfolkdeeds.org. Residents in need of assistance can contact the Registry of Deeds Customer Service Center at (781) 461-6101 or email us at registerodonnell@norfolkdeeds.org.

Norfolk County Registry of Deeds: President's Day Quiz

GOOD DEEDS: Quiz in Honor of Presidents' Day

By William P. O'Donnell

Norfolk County Register of Deeds

One of the many prominent reasons that Norfolk County is considered a destination community to live and work can be attributed to its rich history. It is one of the oldest counties, founded in 1793, in the United States just five years after George Washington became president.

Talking about presidents, did you know that Presidents' Day is Monday, February 19th?  And that Norfolk County is known as the County of Presidents?  That's right, four Presidents of the United States of America were born here: John Adams and John Quincy Adams (Braintree or Quincy depending on what community you are from), John F. Kennedy (Brookline), and George H.W. Bush (Milton).

So, I thought a great way to salute these four Norfolk County Presidents was to know a little bit more about each of them. This is a fun quiz, so everybody gets an "A" for taking the time to learn more about these four Norfolk County-born leaders who held the highest office in our land.

Presidents' Day Quiz

1.) He was considered by some historians to be the "Father of the Navy."

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H. W. Bush

2.) He is the only U.S. president to have won a Pulitzer Prize.

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

3.) He was the only U.S. president to serve in the Congressional House of Representatives following his presidency.

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

4.) He was the only president of the four who picked a "Chief Justice" of the U.S. Supreme Court. Hint: It was considered by historians as a great selection.

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

5.) He enrolled in the service on his 18^th birthday, immediately after graduating from high school, and was the recipient of multiple medals at the age of 20.

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

6.) He was the U.S. president who uttered the famous line, "Ask not what your country can do for you – ask what you can do for your country."

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

7.) He was the only U.S. president to head a spy agency.

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

8.) He said, "Liberty once lost is lost forever."

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

9.) He was the second-youngest U.S. president to be elected to office.

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

10.) He created the U.S. Marine Corps Band.

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

11.) He was famous for his work and advocacy of the Monroe Doctrine.

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

12.) He was the only president among the four not to attend Harvard.

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

13.) Famed historian David McCullough won a Pulitzer Prize for his biography.

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

14.) He once said, "Read my lips: no new taxes."

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

15.) Daily, he read six newspapers at his morning breakfast.

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

16.) He stated, "The four most miserable years in my life were my four years in the presidency."

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

17.) He was the President during the reunification of Germany.

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

18.) His administration was known as the "New Frontier."

A.) John Adams B.) John Q Adams C.) John F. Kennedy D.) George H.W. Bush

19.) He was Secretary of State before his presidency and is considered a great one.

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

20.) This president and wife exchanged more than 1,100 letters from the time of their courtship to the end of his presidency.

A.) John Adams B.) John Quincy Adams C.) John F. Kennedy D.) George H.W. Bush

 _________

Answers: 1A,  2C,  3B,  4A,  5D,  6C,  7D,  8A,  9C,  10A,  11B,  12D,  13A,  14D,  15C,   16B,  17D,  18C,  19B,  20A

 

four Presidents of the United States of America were born in Norfolk County

If you would like to stay up to date on upcoming Registry of Deeds events, programs and real estate information you can sign up for our Registry email updates at www.norfolkdeeds.org, like us on Facebook at www.facebook.com/norfolkdeeds or follow us on Twitter at www.twitter.com/norfolkdeeds.  Our Customer Service Center is also available to assist you at (781) 461-6101.