Providing accurate and timely information about what matters in Franklin, MA since 2007. * Working in collaboration with Franklin TV and Radio (wfpr.fm) since October 2019 *
Monday, October 2, 2023
GOOD DEEDS: Finding Your Roots!
Sunday, October 1, 2023
Census data for MA by county and age for homeownership vs rental
"The U.S. Census Bureau released an interactive map illustrating 2020 Census data about homeownership by the age, race and ethnicity of the householder. The map provides data at the national, state and county levels and data from the 2010 Census for comparison.
The Census Bureau also released the brief Housing Characteristics: 2020, which provides an overview of homeownership, renters, vacant housing and other 2020 Census housing statistics previously released through the 2020 Census Demographic and Housing Characteristics File (DHC)."
Continue reading the press release -> https://www.census.gov/newsroom/press-releases/2023/2020-census-map-homeownership.html
homeownership vs rental for MA at State level |
homeownership vs rental for MA at County level |
homeownership vs rental for MA at County level by Age |
Monday, September 25, 2023
Register O'Donnell reveals Norfolk County’s most expensive real estate sales 3rd Quarter of 2023
Norfolk County Register of Deeds William P. O’Donnell reported that during the summer of 2023, ten properties, a mix of commercial and residential, sold for more than $11,000,000, with an average price of $34,887,000.
The prices on the property to follow concern real estate sales during the period of July 1st, 2023, through September 20th, 2023.
real estate sales 3rd Quarter of 2023
The ten properties were:
- 108 Bodwell Street, Avon, a 49,090-square-foot industrial warehouse built in 1970 on 6.33 acres of land, sold in August for $11,250,000;
- 85 John Road, Canton, a 435,600-square-foot research and development facility on 10 acres, sold in August for $22,750,000;
- 206 Grove Street, Franklin, a 150,000-square-foot warehouse and distribution facility, sold in July for $28,000,000;
- Wheeler Circle, Stoughton, the 280-unit, 809-room apartment complex, known as Stone Ends Apartments, sold in July for $28,972,000;
- 176 Grove Street, Franklin, a 171,000-square-foot freight transportation center and warehouse, was sold in May for $29,500,000;
- 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;
- 57 Littlefield, Avon, the "Avon Business Center," a multi-building rental unit complex for industrial companies and small businesses, in July for $47,250,000;
- 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;
- 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;
- 29, 39, & 51 Trotter Road, Weymouth, known as the MIO Apartments, an upscale residential studio apartment complex, sold in July for $94,600,000.
The top sales appear to have been a combination of apartment complexes, retail, industrial and warehouse space, and distribution facilities.
"The industrial and commercial nature of these developments bodes well for the Norfolk County economy, both in terms of employment and revenue," said Register 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 from these 10 sales totaled more than $1,927,000 for the state and county.
"Despite the overall decline in activity throughout the county, there are still pockets of the market here in Norfolk County that are seeing growth and stability, particularly in commercial real estate and certain neighborhoods and property types," noted Register O’Donnell.
Since July 2023, there have been 2,068 property sales recorded in Norfolk County, down 21% over the same time period last year. The average sales price for these properties which include, commercial and residential property was $1,235,419, up 8% from last year.
"As we head into the fall season, we hope to see similar real estate activity, but higher property prices, relative to relative 2020 and 2021 prices, and a limited supply of new and existing homes, along with the interest rate environment the economy is in, may temper expectations," 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.
Monday, September 11, 2023
Average Property Prices Reach Record Highs in August 2023
Norfolk County Register of Deeds William P. O’Donnell reported that Norfolk County recordings indicate average property sales prices rose to a record high for the month of August as compared to previous years. This increase can likely be attributed to a limited inventory of new housing up for sale and a lack of existing houses on the market.
“Average property prices in August are up significantly this year compared to the same month in previous years,” stated Register of Deeds William P. O'Donnell. “Seasoned homebuyers and those looking to purchase their first home are faced with the challenge of property values that are 19% higher than 2022 prices, 34% higher than 2021 prices, and 37% higher than 2020 prices, in addition to a mortgage interest rate that for some exceeds 7%.”
Average August Property Prices Reach Record Highs |
The average sale price of commercial and residential properties for August 2023 was $1,212,694, a 19% increase compared to August 2022 but a decrease of 17% from July 2023. The total dollar volume of commercial and residential sales is down, decreasing 6% from last year and 12% from last month.
“Looking at the numbers from August 2022, 2021, and 2020 shows that average property prices fell seasonally by 12% to 17% in August compared to July,” noted Register O'Donnell. “This means that while prices remain high, the seasonal fluctuations in the housing market month over month have remained constantly steady when you compare them to the ebbs and flows of previous years.”
Notwithstanding the increase in average property sales prices, the total number of deeds recorded for August 2023, which reflects both commercial and residential real estate sales and transfers, was 1,478, down 12% from August 2022 but up 16% from July.
“Overall real estate activity is on a downward trend compared to the previous year, driven by two likely factors: limited inventory and high interest rates, resulting in a reduction of the number of deeds and mortgages, which make up a large portion of the total document volume at the Registry.” Register O'Donnell continued. “A slight increase in the number of deeds from last July may suggest that some sellers are taking advantage of higher property values, increasing the number of existing homes on the market.”
The Registry of Deeds recorded 9,527 documents in August 2023. This was 18% less than in August 2022 but an 11% increase compared to July 2023.
Register O'Donnell noted, “Higher mortgage interest rates have an impact on the number of mortgages and deeds recorded at the Registry. Higher interest rates affect seasoned homebuyers' eagerness to refinance, which means fewer mortgages. It also affects a homeowner’s willingness to sell, which results in fewer homes on the market that can be bought. Higher interest rates also impact buyers.”
For the month of August, lending activity overall continued to decline from last year. A total of 1,328 mortgages were recorded, which is 33% less than last year but 6% more than last month.
“In addition to fewer people refinancing, the decline in lending activity can also be attributed to fewer first-time home loans,” said Register O'Donnell “High property prices and increased mortgage interest rates make it more challenging for first-time homebuyers to afford a mortgage and to keep up with payments.”
The Norfolk County Registry of Deeds continues to closely monitor the foreclosure market. In August 2023, there were 4 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, whereas in August 2022, there were 7 recorded. Additionally, this month, there were 25 notices to foreclose, the first step in the foreclosure process, less than the 33 recorded in August 2022.
“We hope to see this trend continue into the fall season, especially as the weather gets cooler. With that said, we cannot forget that foreclosure activity has a human face associated with it, and there are still a number of our neighbors who have lost their homes, and even more are dangerously close to losing their homes,” said Register O'Donnell. “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, “We have seen some increases in the number of property sales and in the total number of documents compared to last month, but with record property prices for this month and a limited housing inventory, we are seeing significant decreases in overall real estate activity compared to 2022.”
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.
Monday, September 4, 2023
Back to School at the Registry of Deeds
As the new school year starts and students file into class rooms, Norfolk County Register of Deeds William P. O’Donnell takes residents on another educational journey and reminds homeowners and those looking to enter the housing market of the easy and straightforward process of recording land documents at the Registry of Deeds.
“It is back-to-school time for many families, and while students are busy preparing for the academic year ahead, it is also a great opportunity for homeowners and those looking to enter the housing market to become familiar with the process of recording land documents at the Registry of Deeds,” said Register of Deeds William P. O’Donnell. “Whether you are a first-time homebuyer or a seasoned homeowner, understanding the importance of properly recording your property transactions can provide peace of mind and protect your investment in the long run.”
Back to School at the Registry of Deeds
Correctly drafted land documents are crucial for maintaining accurate property records at the Registry of Deeds. By familiarizing themselves with this process, residents can protect their property rights and contribute to the overall integrity of the county's land records system.
“By taking the time to educate yourself on this straightforward process, you can ensure that your property rights are secure and that any future transactions go smoothly,” said Register O’Donnell.
The Norfolk County Registry of Deeds is also a depository for over 10 million land documents recorded from the Registry’s beginning in 1793 right up to the present day. This extensive collection of land documents serves as a valuable resource for researchers, title examiners, historians, and anyone interested in tracing the history of land ownership in the county. This depository plays a significant role in preserving the county's rich history for future generations.
“Electronically or in person, whether the document in question is a deed, mortgage, homestead, mortgage discharge, or any other type of land document, Registry staff have been trained to record the documents in as expeditious and accurate a manner as possible, but there are certain basic steps that need to be followed when submitting a land document for recording,” noted O’Donnell.
The document needs to be associated with one of the twenty-eight communities comprising Norfolk County. In addition, the document must be an original; the Registry will not record photocopies or documents submitted via fax. In many cases, land documents require signatures to be notarized before they are recorded.
The formatting standards for land documents must also be followed, including the use of specific font sizes and margins. Additionally, any fees associated with recording the document must be paid at the time of submission. Individuals looking for these specific standards can view them on the Norfolk County Registry of Deeds website, https://www.norfolkdeeds.org/
“It should also be noted that the Registry does not draft land documents. The Registry of Deeds is in the business of recording land documents only. If an individual is unsure if a drafted land document, particularly a deed, is in proper order, it may be prudent to have a lawyer familiar with real estate law review the document for its accuracy. A simple mistake on a deed, for example, could lead to a major problem.”
Another crucial point to keep in mind is that the Commonwealth of Massachusetts has set various fees associated with the recording of land documents at the Registry. Recording fees vary depending on the specific land document type. The Registry’s website: www.norfolkdeeds.org, has a fee schedule that can be consulted for specific recording fee amounts. The Registry accepts checks made out to the Norfolk County Registry of Deeds. The Registry also accepts cash payments.
“Once you have a land document ready for recording and know the fee and type of payment, we offer multiple options for document delivery,” stated O’Donnell.
The options to get an original document and payment to the Registry of Deeds building for recording are via regular mail, Federal Express, or in person at 649 High Street, Dedham, MA.
Register O’Donnell concluded by stating, “Our trained recording staff is more than happy to record your land documents. Land documents are recorded in an expeditious manner once they arrive at the Registry. It should also be noted that institutional users such as lending institutions and law firms have the additional option to submit documents electronically via our two e-file vendors, Simplifile and ePN. Finally, if you have any questions about land documents in general, please call our 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, 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.
Monday, August 28, 2023
GOOD DEEDS: Probate Court Records and Your Real Estate Title
Monday, August 21, 2023
Register O’Donnell Announces 41,000th Book Printed at Norfolk County Registry of Deeds
Celebrating a significant milestone at the Norfolk County Registry of Deeds, Register William P. O’Donnell today (08/17/23) announced the Registry recently completed printing its 41,000th book of recorded land documents, marking an important occasion for the many who appreciate the convenience of modernization and the reliability of the time-tested method of printing land document books to keep records.
Register O’Donnell noted, “The printing of our 41,000th book, which includes land documents such as deeds, homesteads, mortgages, and mortgage discharges, is a significant event in the life of the Registry and a testament to the volume of work completed each and every business day here at the Registry of Deeds. The printing of Book 41,000 links us to the Registry’s rich history, which dates back to 1793.
"The printing of Book 41,000 links us to the Registry’s rich history, which dates back to 1793"
While the printing of books is ongoing, it is important to note that the Registry continues to embrace and utilize cutting-edge technologies, allowing us to record land documents instantaneously. Documents are scanned and available for viewing within 24 business hours of recording at www.norfolkdeeds.org. This modern approach to document recording makes it possible for the digital land document library, which is on Book 41,356, to stay up-to-date and accurate.
This digitalization process has greatly improved accessibility and efficiency for those seeking land records. Additionally, the Registry of Deeds actively works to ensure the security and integrity of these digital records through regular backups and advanced data protection measures.
“Our computer systems have been backed up on a nightly and weekly basis for decades. This redundancy allows the Registry to maintain a permanent record of all land document recordings in the event of a disaster affecting our building at 649 High Street, Dedham. In addition, the Registry also, per state law, microfilms all recorded land documents and ships the microfilm off-site to a secure location where it can be retrieved in the event of a catastrophe,” stated the Register.
The Register further emphasized the importance of these measures, stating that the backup systems and off-site storage ensure the preservation and accessibility of important land documents even in the face of unforeseen circumstances. This commitment to safeguarding records reflects the Registry's dedication to providing reliable and uninterrupted services to the public.
Residents and those with an interest in Norfolk County property records are encouraged to visit the Registry of Deeds. Users of the Registry have options to view land documents by whichever means they are comfortable with. You, as a member of the public, can research property in hard copy via books, online at one of our many computer workstations available to the public, or from the convenience of your home or work computer.
The Registry of Deeds understands the importance of accessibility and convenience for its users. By offering both physical and online options to view land documents, individuals can choose the method that best suits their needs and preferences. This commitment to flexibility ensures that residents and those with an interest in Norfolk County property records can easily access the information they require, further enhancing the Registry's dedication to providing reliable and uninterrupted services.
Concluding his remarks, Register O’Donnell stated, “The core mission of the Registry of Deeds is to record land documents in a safe, accurate, secure, and accessible manner. Part of this charge is to serve as a depository for over 10 million land documents recorded from the Registry’s beginning in 1793 right up to the present day. While we have embraced the latest technologies to improve efficiencies, the printing of books allows us to maintain a permanent hard copy record of each recorded land document on-site.”
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.
Monday, August 7, 2023
Increasing Strain on Limited Housing Inventory Pushes July Prices to Surge
Norfolk County Register of Deeds William P. O’Donnell reported that Norfolk County recordings for July show a significant increase in average property sale prices compared to both the previous year and the previous month. This surge can likely be attributed to having limited housing inventory in a competitive market.
“Average property prices are up significantly this month, and while this may be good news for sellers and investors, it makes it increasingly difficult for first-time homebuyers and homeowners looking to move, especially with high interest rates relative to what they were in 2020 and 2021,” stated Register of Deeds William P. O'Donnell.
The average sale price of commercial and residential properties for July 2023 was $1,452,378, a 19% increase compared to July 2022 and an increase of 40% from June 2023. However, the total dollar volume of commercial and residential sales is down, decreasing 7% from last year but up 7% from last month.
“Based on prior years and trusted economic theory, we know that even when demand remains the same but the supply of an item decreases, the price will increase,” said Register O’Donnell. “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 who must now deal with the added cost of higher interest rates to afford homes and properties.”
Notwithstanding the increase in average property sales prices the total number of deeds for July 2023, which reflects both commercial and residential real estate sales and transfers, was 1,272, down 18% from July 2022 and decreased 26% from June.
Register O'Donnell noted, “Higher interest rates have a particular impact on first-time homebuyers, especially given that the average price for commercial and residential property is 43% higher than the value in 2021 and 74% higher than the value in 2020. Higher interest rates also affect seasoned homebuyers' eagerness to refinance and willingness to sell, which results in fewer mortgages being recorded.
For the month of July, lending activity overall continued to decline. A total of 1,258 mortgages were recorded, which is 47% less than last year and 14% less than last month.
“Overall real estate activity is on a downward trend, driven by two likely factors: limited inventory and high interest rates, which reduce the number of deeds and the number of mortgages, which make up a large portion of the total document volume at the registry,” said Register O'Donnell.
The Registry of Deeds recorded 8,620 documents in July 2023. This was 21% less than in July 2022 and 18% less than in June 2023.
Norfolk County recordings for July show a significant increase in average property sale prices
“On a positive note, for the first time this year, we are seeing a reduction in both the number of foreclosure deeds and the number of notices to foreclose compared to last year,” said Register O'Donnell.
The Norfolk County Registry of Deeds continues to closely monitor the foreclosure market. In July 2023, there were 5 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, whereas in July 2022, there were 9 recorded. Additionally, this month, there were 18 notices to foreclose, the first step in the foreclosure process, less than the 21 recorded in July 2022.
“There is no question that these foreclosure numbers are good news. With that said, we cannot forget that foreclosure activity has a human face associated with it, and there are still a number of our neighbors who have lost their homes, and even more are dangerously close to losing their homes,” said Register O'Donnell. “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, “We have seen some good news in regard to the decrease in foreclosure activity only to be tempered by a limited housing inventory creating an increasingly competitive market. We need to increase new home construction and housing initiatives in order to increase the supply and make homeownership more attainable.”
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.
Monday, July 31, 2023
Good Deeds: Norfolk County Destination Locations
Good Deeds: Norfolk County Destination Locations |