Showing posts with label Real estate. Show all posts
Showing posts with label Real estate. Show all posts

Monday, June 6, 2022

Register O’Donnell Reports on May 2022 Real Estate Activity in Norfolk County (activity continues decline, $$ continue to increase)

Norfolk County Register of Deeds William P. O’Donnell reported that the May 2022 numbers relative to Norfolk County recordings indicate a continuing decrease in overall real estate activity compared to the May 2021 numbers but show a significant increase in average sale prices.

“Our data indicates that the Norfolk County real estate numbers in May signal a continued slowdown in the market compared to 2021 but show a slight uptick from last month,” noted Register O’Donnell. “There were 11,556 documents recorded at the Norfolk County Registry of Deeds in May, a 29% decrease from May, 2021 but an increase of 3% from April, 2022”.

“The number of deeds for May 2022, which reflect real estate sales and transfers, both commercial and residential, show a slight decrease of 3% from May, 2021 but an increase of 25% from April 2022. Sale prices continue to surge as compared to last year but may be starting to level off. The average sale price in May was $1,264,350, a 26% increase compared to May 2021 but down 18% from last month. Total dollar volume of commercial and residential sales also showed gains from one year ago, increasing 22% and up 3% from last month,” noted the Register.

Overall lending activity show a continued trend downward for the month of May. A total of 2,283 mortgages were recorded during the month, a significant decrease of 40% compared to a year ago. “It appears that the interest rate increases by the Federal Reserve Board and the fact that many consumers have already refinanced are impacting mortgage activity,” noted O’Donnell.

A continuing cause for concern in Norfolk County is the number of pending foreclosures. The Norfolk County Registry of Deeds has been closely watching the foreclosure market. During May, there were 5 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, one more than in May, 2021 and one less than in April.  However, there were 21 Notices to Foreclose, the first step in the foreclosure process, recorded in May, up significantly from 14 recorded in May 2021. “The dramatic increase in the number of these notices is alarming. It indicates that more of our neighbors are facing financial challenges going forward”, said O’Donnell.  “We will continue to monitor these numbers.”
 
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 stated, “If you are having difficulty paying your monthly mortgage, please consider contacting one of these non-profit agencies for help and guidance.”
 
Homestead recordings by owners of homes and condominiums decreased again this month at the Norfolk Registry of Deeds.   There was a 8% decrease in homestead recordings in May 2022 compared to May 2021 but increased 16% from last month. “The comparison from last May is not too surprising where the sales of homes have started to level off, but all homeowners, not just new purchasers, should keep in mind that a recorded Declaration of Homestead provides limited protection against the forced sale of an individual’s primary residence to satisfy unsecured debt up to $500,000,” noted O’Donnell. “We want to see folks protecting the biggest asset most of us have, our homes.  I would urge anyone who has not availed themselves of this important consumer protection tool to consider doing so.  The recording fee is only $36. Feel free to visit the Registry website at www.norfolkdeeds.org  to get more information on homesteads and to make sure you have taken advantage of this protection.”
 
Register O’Donnell concluded, “May real estate activity in Norfolk County continues to show a decline from last year. We still see the increase in sale prices from last year as indicating a continuing lack of available real estate inventory but looking at the numbers from last month, it appears the market may be starting to cool down a bit.”

The Registry of Deeds continues to be open to the public for business. Registry personnel are processing in-person recordings as well as electronically filed recordings.  The drop-off box located at the main entrance of the Registry building will continue to be available for use by those members of the public who may not be comfortable entering the Registry of Deeds building The volume of documents recorded electronically for many of our institutional users continues to increase. We are also receiving documents in person, via regular mail, Federal Express, UPS and from the outside drop-off box at 649 High Street, Dedham, MA.”   
 
To learn more about these and other Registry of Deeds events and initiatives, like us at facebook.com/NorfolkDeeds or follow us on twitter.com/NorfolkDeeds and Instagram.com/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.

May 2022 Real Estate Activity in Norfolk County (activity continues decline, $$ continue to increase)
May 2022 Real Estate Activity in Norfolk County (activity continues decline, $$ continue to increase)

Monday, May 16, 2022

Register O’Donnell Reports on April 2022 Real Estate Activity in Norfolk County

Norfolk County Register of Deeds William P. O’Donnell reported that the April numbers relative to Norfolk County show a continuing decrease in real estate activity compared to April 2021 and even compared to the March 2022 numbers.

 “Our data indicates that the Norfolk County real estate numbers in April indicate a continued slowdown in the market compared to 2021 and, except for a slight increase in sales, when compared to the overall numbers from last month,”, noted Register O’Donnell. “There were 11,179 documents recorded at the Norfolk County Registry of Deeds in April, a 37% decrease from April, 2021 and a decrease of 10% from March of 2022”.

“The number of deeds for April 2022, which reflect real estate sales and transfers both commercial and residential, decreased by 16% from April, 2021 but did increase by 3% from March. However, sale prices continue to surge. The average sale price in April was $1,534,065, a 32% increase compared to April 2021. Total dollar volume of commercial and residential sales also showed gains from one year ago, increasing 11% and surprisingly are up 41% from last month,” noted the Register. 

Overall lending activity show a continued trend downward for the month of April. A total of 2,210 mortgages were recorded during the month, a significant decrease of 48% compared to a year ago and down 8% from last month. “It appears that interest rate increases and the fact that many consumers have already refinanced may be impacting the numbers,” noted O’Donnell. 

A continuing cause for concern in Norfolk County is the number of pending foreclosures. The Norfolk County Registry of Deeds has been closely watching the foreclosure market. During April, there were 4 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, two less than in April, 2021 and one less than in March.  However, there were 22 Notices to Foreclose, the first step in the foreclosure process, recorded in April, up significantly from 4 recorded in April 2021, and up from 11 recorded last month. “The dramatic increase in the number of these notices is alarming. It indicates that more of our neighbors are facing financial challenges going forward”, said O’Donnell.  “We will continue to monitor these numbers.”

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 stated, “If you are having difficulty paying your monthly mortgage, please consider contacting one of these non-profit agencies for help and guidance.”

Homestead recordings by owners of homes and condominiums decreased again this month at the Norfolk Registry of Deeds.   There was a 13% decrease in homestead recordings in April 2022 compared to April 2021 but a slight increase from last month. “The comparison from last April is not too surprising where the sales of homes have started to level off, but all homeowners, not just new purchasers, should keep in mind that a recorded Declaration of Homestead provides limited protection against the forced sale of an individual’s primary residence to satisfy unsecured debt up to $500,000,” noted O’Donnell. “We want to see folks protecting the biggest asset most of us have, our homes.  I would urge anyone who has not availed themselves of this important consumer protection tool to consider doing so.  The recording fee is only $36. Feel free to visit the Registry website at www.norfolkdeeds.org  to get more information on homesteads and to make sure you have taken advantage of this protection.

Register O’Donnell concluded, “April real estate activity in Norfolk County continues to show a decline from last year. We still see the increase in sale prices as indicating a lack of available real estate inventory which for buyers, particularly first time buyers, suggests a disadvantage.”

The Registry of Deeds continues to be open to the public for business. Registry personnel are processing in-person recordings as well as electronically filed recordings.  The drop-off box located at the main entrance of the Registry building will continue to be available for use by those members of the public who may not be comfortable entering the Registry of Deeds building The volume of documents recorded electronically for many of our institutional users continues to increase. We are also receiving documents in person, via regular mail, Federal Express, UPS and from the outside drop-off box at 649 High Street, Dedham, MA.”    

To learn more about these and other Registry of Deeds events and initiatives, like us at facebook.com/NorfolkDeeds or follow us on twitter.com/NorfolkDeeds and Instagram.com/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.

Register O’Donnell Reports on April 2022 Real Estate Activity in Norfolk County
Register O’Donnell Reports on April 2022 Real Estate Activity in Norfolk County

Monday, April 25, 2022

Register O’Donnell Delivers 2022 First Quarter Real Estate Activity Report

Norfolk County Register of Deeds William P. O’Donnell reported that first quarter (January-March 2022) real estate stats showed an uptick in residential and commercial sales and sale prices, while overall numbers indicate a downturn. 

Register O’Donnell noted, “During the recently concluded first quarter of the 2022 calendar year, the average Norfolk County real estate sales price, both residential and commercial, increased 38% to $1,261,0181. Total real estate volume, again both residential and commercial, was $2.56 billion, a 53% increase year over the same period in 2021.”

Register O’Donnell further stated, “The lack of inventory and new construction have continue to push prices up. It remains to be seen if this trend continues as overall activity is starting to slow.”

For the first quarter of 2022, the number of land documents recorded, (such as deeds, mortgages, homesteads, mortgage discharges, etc.) was 34,315, a 33% decline from the first quarter of 2021. Register O’Donnell noted, “This figure tells us there is still a healthy real estate market, however we are not seeing the volume we saw in 2020 and 2021.”

There were 6,664 mortgages recorded at the Registry during the first quarter of the calendar year 2022 compared to 14,001 for the same time period in 2021, a 52% decrease. However, total mortgage borrowing was $7.5 billion for January through March compared to $5.7 billion during the same period in 2021. “With the increase in interest rates, consumers seem to be less inclined to borrow. The discrepancy between the decrease in the number of mortgages and the increase in the amount of mortgage indebtedness is due in part to some substantial mortgage loans on a few commercial properties”, stated the Register.

Norfolk County homeowners continued to benefit from the Homestead Act. A total of 2,378 declarations of homestead were recorded during the first half of the calendar year, a 12% decrease over the same period a year ago. “The Homestead law provides limited protection against the forced sale of an individual’s primary residence to satisfy unsecured debt up to $500,000. I urge Norfolk County residents to consider this important consumer protection tool,” noted O’Donnell.

A sharp increase in foreclosure activity in Norfolk County is a cause for concern. A total of 20 foreclosure deeds were recorded in the first quarter versus only 6 filed during the first quarter of 2021. In addition, there was a significant 81% increase in the number of Notice to Foreclose Mortgage recordings, the first step in the foreclosure process.

O’Donnell stated, “While the eastern Massachusetts economy remains on a solid footing, there are still those in Norfolk County experiencing economic hardship, in many cases through no fault of their own. The Registry continues to work with Quincy Community Action Programs, (617-479-8181 x376), and NeighborWorks Housing Solutions, (508-587-0950) to help homeowners who have received a Notice to Foreclose Mortgage document. A third option is to contact the Massachusetts Attorney General’s Consumer Advocacy and Response Division (CARD) at 617-727-8400.”

Register O’Donnell concluded, “The economy, particularly the job market in eastern Massachusetts, appears to be improving but inflation, rising interest rates and the lack of inventory may result in a slower real estate market going forward.”

Attached is a link to a Quincy QATV “Good Deeds” episode with host Mark Crosby and Register O’Donnell discussing the 2022 Norfolk County real estate statistics and other issues relating to the Registry of Deeds:

            To visit click here or copy the URL link below:       

https://www.qatv.org/GoodDeeds?modal=413,episode,201742

To learn more about these and other Registry of Deeds events and initiatives, like us at facebook.com/NorfolkDeeds or follow us on twitter.com/NorfolkDeeds and Instagram.com/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. 

Register O’Donnell Delivers 2022 First Quarter Real Estate Activity Report
Register O’Donnell Delivers 2022 First Quarter Real Estate Activity Report

Wednesday, April 13, 2022

Reminder: Home Selling (and Buying) Seminar with Industry Experts - Apr 14

Come hear from local experts, and gain insight as well as useful tips, on how to sell your home (or buy a home) in the current market.

Enjoy a light dinner and some incredible beer, while learning about Selling (and Buying) a home in the current real estate market.

Local Experts to include:

  • Ted Cormier- Leger, Realtor with Suburban Lifestyle Real Estate in Franklin, MA
  • Bob Melone, Loan Officer with Radius Financial Group
  • Stacy Norrell, Real Estate Attorney with Sharaf & Maloney, PC

Date and time

Location

67 Degrees Brewing

158 Grove Street

Franklin, MA 02038

To register (free) -> https://www.eventbrite.com/e/home-selling-and-buying-seminar-with-industry-experts-registration-308895563947 

Home Selling (and Buying) Seminar with Industry Experts - Apr 14
Home Selling (and Buying) Seminar with Industry Experts - Apr 14

Monday, April 11, 2022

Register O’Donnell Reports on March 2022 Real Estate Activity in Norfolk County

Norfolk County Register of Deeds William P. O’Donnell reported that the March numbers relative to Norfolk County real estate activity decreased as compared to March 2021 but showed an increase over February’s numbers.

“Our data indicates that the Norfolk County real estate market in March slowed when compared to March 2021 but has rebounded somewhat when compared to the February numbers”, noted Register O’Donnell. “There were 12,402 documents recorded at the Norfolk County Registry of Deeds in March, a 38% decrease from March, 2021 but an increase of 21% from last month.

“The number of deeds for March 2022, which reflect real estate sales and transfers both commercial and residential, decreased by 8% from March 2021 but increased by 58% from February. Sale prices continue to increase compared to last year but now appear to be leveling off. The average sale price in March  was $1,122,863, a 23% increase compared to March 2021 but down 8% from February. Total dollar volume of commercial and residential sales also showed gains from one year ago, increasing 13% and surprisingly are up 46% from February,” noted the Register. “The March number compared to February may be skewed somewhat by a small number of high priced commercial transactions. Four separate sales of commercial properties together totaling over $200 million dollars were recorded in March. It remains to be seen if this trend continues into the second quarter.”

Overall lending activity showed a decrease again for the month of March. A total of 2,399 mortgages were recorded during the month, a 56% decrease compared to a year ago but up 24% from last month. “It appears that many consumers have already refinanced given the past low interest rate environment, although the mortgage activity is starting to pick up from earlier this year, perhaps due to a concern about rates increasing,” noted O’Donnell.

A continuing cause for concern in Norfolk County is the number of foreclosures. The Norfolk County Registry of Deeds has been closely watching the foreclosure market. During March, there were 5 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County, one more than in March, 2021.  However, there were 11 Notices to Foreclose, the first step in the foreclosure process, recorded in March, down from 16 recorded in March 2021, and down from 27 recorded last month. “These numbers remind us that some of our neighbors are still facing financial challenges”, said O’Donnell.  “We will continue to monitor these numbers.”

 

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 stated, “If you are having difficulty paying your monthly mortgage, please consider contacting one of these non-profit agencies for help and guidance.”

 

Homestead recordings by owners of homes and condominiums decreased this month at the Norfolk Registry of Deeds.   There was a 17% decrease in homestead recordings in March 2022 compared to March 2021 but an increase of 39% from February. “The comparison from last March is not too surprising where the sales of homes have started to level off, but all homeowners, not just new purchasers, should keep in mind that a recorded Declaration of Homestead provides limited protection against the forced sale of an individual’s primary residence to satisfy unsecured debt up to $500,000,” noted O’Donnell. “We want to see folks protecting the biggest asset most of us have, our homes.  I would urge anyone who has not availed themselves of this important consumer protection tool to consider doing so.  The recording fee is only $36. Feel free to visit the Registry website at www.norfolkdeeds.org  to get more information on homesteads and to make sure you have taken advantage of this protection.”

 

Register O’Donnell concluded, “March real estate activity in Norfolk County continues to show a decline from last year but looks like it’s beginning to pick up as we head into the second quarter. We still see available real estate inventory as a source of concern in Norfolk County but clearly, the market is not as hot as last year. Whether this translates into more and better opportunities for buyers, particularly first time buyers, remains to be seen.”

The Registry of Deeds continues to be open to the public for business. Registry personnel are processing in-person recordings while vigilantly maintaining Covid related protocols.  The drop-off box located at the main entrance of the Registry Building will continue to be available for use by those members of the public who may not be comfortable entering the Registry of Deeds Building The volume of documents recorded electronically for many of our institutional users continues to increase.. We are also receiving documents in person, via regular mail, Federal Express, UPS and from our drop-off box located just outside our main entrance at 649 High Street, Dedham, MA.”     

To learn more about these and other Registry of Deeds events and initiatives, like us at facebook.com/NorfolkDeeds or follow us on twitter.com/NorfolkDeeds and Instagram.com/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.


March 2022 Real Estate Activity in Norfolk County
March 2022 Real Estate Activity in Norfolk County

Friday, April 1, 2022

Home Selling (and Buying) Seminar with Industry Experts - Apr 14

Come hear from local experts, and gain insight as well as useful tips, on how to sell your home (or buy a home) in the current market.

Enjoy a light dinner and some incredible beer, while learning about Selling (and Buying) a home in the current real estate market.

Local Experts to include:

  • Ted Cormier- Leger, Realtor with Suburban Lifestyle Real Estate in Franklin, MA
  • Bob Melone, Loan Officer with Radius Financial Group
  • Stacy Norrell, Real Estate Attorney with Sharaf & Maloney, PC

Date and time

Location

67 Degrees Brewing

158 Grove Street

Franklin, MA 02038

To register (free) -> https://www.eventbrite.com/e/home-selling-and-buying-seminar-with-industry-experts-registration-308895563947 

Home Selling (and Buying) Seminar with Industry Experts - Apr 14
Home Selling (and Buying) Seminar with Industry Experts - Apr 14

Monday, March 14, 2022

Register O’Donnell Discloses the Most Expensive Real Estate Sales in Norfolk County in 2021

Norfolk County Register of Deeds William P. O’Donnell reported that in 2021, seventeen properties, all commercial, sold for more than $50,000,000.

The top ten, most expensive properties were:

 

  1. 190 Mediterranean Drive, Weymouth, a 418 unit apartment complex known as “Weymouth Commons” sold in November for $151,925,000;
  2. 115-129 Dean Avenue, Franklin, a 23 acre parcel slated to be developed into a 250 unit apartment complex, sold in December for $129,125,000;
  3. 2 Hancock Street, Quincy, a 280 unit, 12 story apartment building known as “Neponset Landing”, sold in December for $114,500,000;
  4. 180-370 Providence Highway, known as the “Dedham Mall” with 510,000 square feet of retail space, sold in November for $108,154,573;
  5. 1 Investors Way, Norwood, a 54 acre property with an office building adjacent to the Moderna property, slated to be developed into a bio-manufacturing facility, sold in April for $105,000,000;
  6. 351-353 Maple Street, Bellingham, industrial property presently including two warehouses, one of which is now an Amazon delivery facility, sold in May for $93,350,000;
  7. 155 King Street, Cohasset, a 226 unit apartment complex built in 2012 and known as the “Preserve at Cohasset”  sold in January for $90,250,000;
  8. 100 Hilltop Drive, a 22 acre, 300 unit apartment complex built in 2004 and known as the “Preserve in Walpole”, sold in November for $$87,600,000;
  9. 10 Faxon Avenue, Quincy, a 10 story, 200 unit apartment building built in 2006 and known as the “Amelia Apartments”, sold in July for $84,000,000; and
  10. 625 Thomas Burgin Parkway, Quincy, a 180 unit apartment complex built in 2016 and  known as “Mill Creek Residences”, sold in February for $61,600,000.  

“Despite the pandemic, the Norfolk County commercial real estate market was one of the busiest in years”, noted Register O’Donnell. “It appears that the top sales consisted primarily of residential apartment complexes but the development of the three properties in Norwood, Bellingham and Franklin bodes well for the Norfolk County economy in terms of employment and tax revenue. The top ten sales generated over $4.6 million in excise taxes for the state and county. We hope 2022 continues in a positive trend”.

To learn more about the Registry of Deeds, like us at facebook.com/NorfolkDeeds or follow us on twitter.com/NorfolkDeeds and Instagram.com/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.

 

Register O’Donnell Discloses the Most Expensive Real Estate Sales  in Norfolk County in 2021
Register O’Donnell Discloses the Most Expensive Real Estate Sales  in Norfolk County in 2021

Monday, March 7, 2022

Register O’Donnell Reports on February 2022 Real Estate Activity in Norfolk County

Norfolk County Register of Deeds William P. O’Donnell reported that February’s numbers relative to Norfolk County real estate activity show a fairly sharp drop as compared to February 2021 and January’s numbers.

“Our data indicates that the Norfolk County real estate market in February was sluggish when compared not only to February 2021 but also to January”, noted Register O’Donnell. There were 10,291 documents recorded at the Norfolk County Registry of Deeds in February, a 34% decrease over last year’s February document volume and an 11% decrease from January.

“The number of deeds for February 2022, which reflect real estate sales and transfers both commercial and residential, decreased by 19% from February 2021 and by 32% from January. Sale prices increased significantly compared to last year but now appear to be leveling off. February’s average sales price was $1,218,942, an impressive 42% increase compared to February 2021 but down 15% from January. Total dollar volume of commercial and residential sales also showed gains from one year ago, increasing 14% but are down 42% from January,” noted the Register. “It remains to be seen if this trend continues into March.”

Overall lending activity showed a decrease again for the month of February. A total of 1,940 mortgages were recorded during the month, a 56% decrease compared to a year ago and a decrease of 17% from January. “It appears that many consumers have already refinanced given the past low interest rate environment,” noted O’Donnell.

A continuing cause for concern in Norfolk County, however, is the increase in foreclosures. The Norfolk County Registry of Deeds has been closely watching the foreclosure market. During February, there were 8 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County.  In addition, there were 27 Notices to Foreclose, the first step in the foreclosure process, recorded in February, up from 18 recorded in January.  In February 2021 there was only 1 Foreclosure Deed and 6 Notices to Foreclosure Mortgages filed. “The sharp increase in these numbers remind us that even more of our neighbors are now facing financial challenges”, said O’Donnell.  “We will continue to monitor these numbers.”

 

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 stated, “If you are having difficulty paying your monthly mortgage, please consider contacting one of these non-profit agencies for help and guidance.”

 

Homestead recordings by owners of homes and condominiums decreased this month at the Norfolk County Registry of Deeds.   There was a 17% decrease in homestead recordings in February 2022 compared to February 2021 and a decrease of 20% from January. “These figures are not too surprising where the sales of homes has decreased, but all homeowners, not just new purchasers, should keep in mind that a recorded Declaration of Homestead provides limited protection against the forced sale of an individual’s primary residence to satisfy unsecured debt up to $500,000,” noted O’Donnell. “We want to see folks protecting the biggest asset most of us have, our homes.  I would urge anyone who has not availed themselves of this important consumer protection tool to consider doing so.  The recording fee is only $36. Feel free to visit the Registry website at www.norfolkdeeds.org  to get more information on homesteads and to make sure you have taken advantage of this protection.”

 

Register O’Donnell concluded, “February real estate activity showed a decline in Norfolk County which is not unusual for this time of year however, there has been a drop in numbers in 2022 over 2021. We still see available real estate inventory as continuing to be a source of concern in Norfolk County but it does appear that the market is not as hot as last year. Whether this translates into more and better opportunities for buyers, particularly first time buyers, remains to be seen.”

The Registry of Deeds continues to be open to the public for business. The drop-off box located at the main entrance of the Registry Building will continue to be available for use by those members of the public who may not be comfortable entering the Registry of Deeds Building. The volume of documents recorded electronically for many of our institutional users continues to increase. We are also receiving documents in person, via regular mail, Federal Express, UPS and from our drop-off box located just outside our main entrance at 649 High Street, Dedham, MA.”   

To learn more about these and other Registry of Deeds events and initiatives, like us at facebook.com/NorfolkDeeds or follow us on twitter.com/NorfolkDeeds and Instagram.com/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. 

Register O’Donnell Reports on  February 2022 Real Estate Activity in Norfolk County
Register O’Donnell Reports on  February 2022 Real Estate Activity in Norfolk County

Monday, February 21, 2022

Register O’Donnell Reports on January 2022 Real Estate Activity in Norfolk County

Norfolk County Register of Deeds William P. O’Donnell reported that January real estate numbers relative to Norfolk County real estate activity continue to trend down.

“The Norfolk County real estate market” noted Register O’Donnell, “has continued to slow entering into 2022, which is not uncommon for this time of year. January is typically one of the slowest months for real estate transactions.”  There were 11,622 documents recorded at the Norfolk County Registry of Deeds in January, a 25% decrease over last year’s January document volume and a 21% decrease from December.

“The number of deeds for January 2022 which reflect real estate sales and transfers, both commercial and residential, decreased by 4% from January 2021 and by 30% from December. However, the average sales price during the month was $1,439,472, an impressive 51% increase compared to January 2021 and only slightly down from December. Total dollar volume of commercial and residential sales also showed solid gains from one year ago, increasing 57% to over $1.05 billion,” noted the Register.

Overall lending activity showed a decrease again for the month of January. A total of 2,325 mortgages were recorded during the month, a 44% decrease compared to a year ago and a decrease of 22% from December’s number. “It appears that many consumers have already refinanced given the past low interest rate environment,” noted O’Donnell.

A cause for concern in Norfolk County, however, is the increase in foreclosures.   A moratorium on foreclosures enacted on April 20, 2020 due to the COVID-19 pandemic expired on October 17, 2020.  The Norfolk County Registry of Deeds has been closely watching the foreclosure market. During January, as in December, there were 7 foreclosure deeds recorded as a result of mortgage foreclosures taking place in Norfolk County.  In addition, there were 18 Notices to Foreclose, the first step in the foreclosure process, recorded in Norfolk County in January.  In January 2021 there was only 1 Foreclosure Deed and 9 Notices to Foreclosure Mortgages filed. “The increase in these numbers remind us that some of our neighbors continue to face financial challenges”, said O’Donnell.  “We will continue to monitor these numbers.”

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 stated, “If you are having difficulty paying your monthly mortgage, please consider contacting one of these non-profit agencies for help and guidance.”

Homestead recordings by owners of homes and condominiums decreased slightly this year at the Norfolk County Registry of Deeds.   There was a 1% decrease in homestead recordings in January 2022 compared to January 2021 but a decrease of 25% from December. A recorded Declaration of Homestead,” noted O’Donnell, “provides limited protection against the forced sale of an individual’s primary residence to satisfy unsecured debt up to $500,000.  It is great to see folks protecting the biggest asset most of us have, our homes.  I would urge anyone who has not availed themselves of this important consumer protection tool to consider doing so.  Please visit the Registry website at www.norfolkdeeds.org  to get more information on homestead protection.”

Register O’Donnell concluded, “January real estate activity slowed in Norfolk County but again, that is fairly typical for this time of year.  We see available real estate inventory as continuing to be a source of concern in Norfolk County. It’s especially a problem for first-time homebuyers attempting to crack the market.  Nothing we see in the numbers indicates any change in that sector of the market.”

The Registry of Deeds continues to be open to the public for business. Registry personnel are processing in-person recordings while vigilantly maintaining COVID related protocols.  The drop-off box located at the main entrance of the Registry Building will continue to be available for use by those members of the public who may not be comfortable entering the Registry of Deeds Building The volume of documents recorded electronically for many of our institutional users continues to increase.. We are also receiving documents in person, via regular mail, Federal Express, UPS and from our drop-off box located just outside our main entrance at 649 High Street, Dedham, MA.”   

To learn more about these and other Registry of Deeds events and initiatives, like us at facebook.com/NorfolkDeeds or follow us on twitter.com/NorfolkDeeds and Instagram.com/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.

January 2022 Real Estate Activity in Norfolk County
January 2022 Real Estate Activity in Norfolk County

Monday, January 31, 2022

“One of the Strongest Years in a Decade”

Norfolk County Register of Deeds William P. O’Donnell reported that overall 2021 real estate numbers relative to Norfolk County real estate activity trended in a positive direction compared to the 2020 numbers.

“The 2021 Norfolk County real estate market was up over 2020 in a number of respects.” noted Register O’Donnell, “there were 195,112 documents recorded at the Norfolk County Registry of Deeds, a 9% increase over 2021. While many sectors of our economy were negatively affected by the continuing pandemic, Norfolk County real estate activity increased and was vibrant. In fact, 2021 was one of the strongest years in a decade.”

“I am pleased to report the Norfolk County Registry of Deeds continued to remain open and operational for the recording of land documents every work day throughout this continuing pandemic. I want to thank the Registry staff for their efforts and I am particularly proud of our employees who continued to work diligently and effectively throughout these difficult times.”

“The number of deeds which evidence real estate sales and transfers, both commercial and residential, increased by 29% in 2021. In addition, the average sale price in 2021 was $1,070,650, a respectable 19% increase compared to 2020. Total dollar volume of commercial and residential sales also showed solid gains, increasing 29% to well over $3 billion,” noted the Register.

Overall lending activity increased in 2021. A total of 46,430 mortgages were recorded during the year, a modest 2% increase compared to 2020. 

One positive metric for 2021 in Norfolk County relates to foreclosures.  A moratorium on foreclosures enacted on April 20, 2020 due to the COVID-19 pandemic expired on October 17, 2020.  The Norfolk County Registry of Deeds has been closely watching the foreclosure market. Despite the expiration of the moratorium, in 2021 there were 52 foreclosure deeds recorded in Norfolk County, a decrease of 23% from 2020 when there were 87 foreclosure deeds recorded,.  In addition, there were 141 Notices to Foreclosure Mortgages, the first step in the foreclosure process, recorded in Norfolk County in 2021, down from 183 Notices recorded in 2020. “We hope these numbers continue to trend downward in 2022 but we are reminded that some of our neighbors continue to face financial challenges”, said O’Donnell.  “We will continue to monitor these numbers.”

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 stated, “If you are having difficulty paying your monthly mortgage, please consider contacting one of these non-profit agencies for help and guidance.”

Homestead recordings by owners of homes and condominiums increased in 2021 at the Norfolk County Registry of Deeds.   There was an 8% increase in homestead recordings in 2021 compared to 2020.  “A recorded Declaration Homestead,” noted O’Donnell, “provides limited protection against the forced sale of an individual’s primary residence to satisfy unsecured debt up to $500,000.  It is great to see folks protecting the biggest asset most of us have, our homes.  I would urge anyone who has not availed themselves of this important consumer protection tool to consider doing so.  Please visit the Registry website at www.norfolkdeeds.org  to get more information on homestead protection.”

Register O’Donnell concluded, “Without question 2021 was generally positive for real estate activity in Norfolk County.  However, available real estate inventory continues to be a source of concern in Norfolk County. It’s especially a problem for first-time homebuyers attempting to crack the market. Also, things may be slowing down compared to past real estate indicators.  The Registry of Deeds was operational every work day during the pandemic.  The Registry of Deeds continues to be open to the public for business. The drop-off box located at the main entrance of the Registry Building will continue to be available for use by those members of the public who may not be comfortable entering the Registry of Deeds Building The volume of documents recorded electronically for many of our institutional users continues to increase.. We are also receiving documents in person, via regular mail, Federal Express, UPS and from our drop-off box located just outside our main entrance at 649 High Street, Dedham, MA.” 

Attached is a link to a “Good Deeds” episode discussing the 2021 Norfolk County real estate statistics and other issues relating to the Registry of Deeds:  https://www.qatv.org/episode/norfolk-county-registry-deeds-5

To learn more about these and other Registry of Deeds events and initiatives, like us at facebook.com/NorfolkDeeds or follow us on twitter.com/NorfolkDeeds and Instagram.com/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.

“One of the Strongest Years in a Decade”
“One of the Strongest Years in a Decade”

Monday, January 17, 2022

Register O'Donnell Reports on December Real Estate Activity in Norfolk County

Norfolk County Register of Deeds William P. O'Donnell reported that December real estate numbers relative to Norfolk County real estate activity were down, but there were a few aspects of the real estate activity to be hopeful about.

"The Norfolk County real estate market" noted Register O'Donnell, "has continued to slow entering into the winter months.  There were 14,794 documents recorded at the Norfolk County Registry of Deeds a 24% decrease over last year's December document volume but slightly more than last month." 

"The number of deeds which evidence real estate sales and transfers, both commercial and residential, decreased by 17% in December. However, the average sales price during the month was $1,501,882, an impressive 43% increase compared to December 2021. Total dollar volume of commercial and residential sales also showed solid gains, increasing 19% to over $1.5 billion," noted the Register.

Despite the deeds figure holding its own, overall lending activity showed a decrease again for the month of December. A total of 2,972 mortgages were recorded during the month, a 40% decrease compared to December 2020. "It appears that many consumers have already refinanced given the past low interest rate environment," noted O'Donnell.

One continuing cause for concern, however in Norfolk County, was foreclosures.   A moratorium on foreclosures enacted on April 20, 2020 due to the COVID-19 pandemic expired on October 17, 2020.  The Norfolk County Registry of Deeds has been closely watching the foreclosure market. During December 2021 there were 7 foreclosure deeds recorded as a result of foreclosure processes taking place in Norfolk County.  In addition, there were 19 Notices to Foreclosure Mortgages, the first step in the foreclosure process, recorded here in Norfolk County in December 2021.  In December 2020 there were 3 Foreclosure Deeds and 16 Notices to Foreclosure Mortgages filed. "These numbers remind us that some of our neighbors continue to face financial challenges", said O'Donnell.  "We will continue to monitor these numbers."

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 stated, "If you are having difficulty paying your monthly mortgage, please consider contacting one of these non-profit agencies for help and guidance."

Homestead recordings by owners of homes and condominiums decreased this year at the Norfolk County Registry of Deeds in October.    There was a 15% decrease in homestead recordings in December 2021 compared to December 2020.  "A recorded Declaration Homestead," noted O'Donnell, "provides limited protection against the forced sale of an individual's primary residence to satisfy unsecured debt up to $500,000.  It is great to see folks protecting the biggest asset most of us have, our homes.  I would urge anyone who has not availed themselves of this important consumer protection tool to consider doing so.  Please visit the Registry website at www.norfolkdeeds.org  to get more information on homestead protection."

Register O'Donnell concluded, "Without question December was a mixed bag month for real estate activity in Norfolk County.  Available real estate inventory continues to be a source of concern in Norfolk County. It's especially a problem for first-time homebuyers attempting to crack the market. Also, things may be slowing down compared to past real estate indicators.  The Registry of Deeds was operational every work day during the pandemic.  The Registry of Deeds continues to be open to the public for business, however that is being evaluated as the COVID-19 developments unfold.  The drop-off box located at the main entrance of the Registry Building will continue to be available for use by those members of the public who may not be comfortable entering the Registry of Deeds Building The volume of documents recorded electronically for many of our institutional users continues to increase.. We are also receiving documents in person, via regular mail, Federal Express, UPS and from our drop-off box located just outside our main entrance at 649 High Street, Dedham, MA."   

To learn more about these and other Registry of Deeds events and initiatives, like us at facebook.com/NorfolkDeeds or follow us on twitter.com/NorfolkDeeds and Instagram.com/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. 

Register O'Donnell Reports on December Real Estate Activity in Norfolk County
Register O'Donnell Reports on December Real Estate Activity in Norfolk County


Thursday, December 30, 2021

Notice from the Treasurer/ Collector: FY 22 Third Quarter Real Estate and Personal Property Tax Bills

Notice from the Treasurer/ Collector: FY 22 Third Quarter Real Estate and Personal Property Tax Bills

Treasurer Collector Kerri A. Bertone has mailed the fiscal 2022 third quarter real estate and personal property tax bills.  Payment is due by February 1, 2022.  Payments received after the due date are charged 14% interest.


Notice from the Treasurer/ Collector: FY 22 Third Quarter Real Estate and Personal Property Tax Bills
Notice from the Treasurer/ Collector: FY 22 Third Quarter Real Estate and Personal Property Tax Bills


Monday, December 6, 2021

Register O'Donnell Reports on Real Estate Activity in Norfolk County - November 2021

Register O'Donnell Reports on Real Estate Activity in Norfolk County

Norfolk County Register of Deeds William P. O'Donnell reported that November real estate numbers relative to Norfolk County real estate activity were off, but there were a few aspects of the real estate activity to be hopeful about.

"The Norfolk County real estate market" noted Register O'Donnell, "has started to become sluggish entering into the winter months.  There were 14,364 documents recorded at the Norfolk County Registry of Deeds which is a 15% decrease over last year's November document volume." 

"The number of deeds which evidence real estate sales and transfers, both commercial and residential, increased a modest 1% in November. The average sales price during the month was $1,538,528, an impressive 42% increase compared to November 2021. Total dollar volume of commercial and residential sales also showed solid gains, increasing a whopping 37% to over $1.4 billion," noted the Register.

Despite the deeds figure holding its own, overall lending activity showed a decrease for the month of November. A total of 3,226 mortgages were recorded during the month, a 25% decrease compared to November 2020. "Higher interest rates," noted O'Donnell, "and the prospect of rate increases through the end of the 2021 calendar year are making consumers think twice before borrowing money to pay for high ticket expenses such as home improvements.  Also many consumers have previously refinanced given the past low interest rate environment." In addition, during the month of November 2021 the total amount of residential and commercial borrowing decreased by 7% to $1.7 billion.

One continuing cause for concern, however in Norfolk County, was foreclosures.   A moratorium on foreclosures in place during the pandemic in 2020 was lifted on November 17, 2020.  This moratorium was in place due to the COVID-19 pandemic.  The Norfolk County Registry of Deeds has been closely watching the foreclosure market.  O'Donnell stated, "During November of 2021 there were 4 foreclosure deeds recorded as a result of foreclosure processes taking place in Norfolk County.  In addition, there were 13 Notices to Foreclosure Mortgages, the first step in the foreclosure process, recorded here in Norfolk County in November of 2021.  A foreclosure recording is very impactful on those being foreclosed on.  During November of 2020 there were 3 Foreclosure Deeds and 9 Notices to Foreclosure Mortgages filed. These numbers remind us that some of our neighbors continue to face financial challenges", said O'Donnell.  "We will continue to monitor these numbers."

Additionally, 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 stated, "If you are having difficulty paying your monthly mortgage, please consider contacting one of these non-profit agencies for help and guidance."

Homestead recordings by owners of homes and condominiums decreased this year at the Norfolk County Registry of Deeds in October.    There was a 2% decrease in homestead recordings in November 2021 compared to November 2020.  "A Homestead," noted O'Donnell, "provides limited protection against the forced sale of an individual's primary residence to satisfy unsecured debt up to $500,000.  It is great to see folks protecting the biggest asset most of us have, our homes.  I would urge anyone who has not availed themselves of this important consumer protection tool to consider doing so.  Please visit the Registry website at www.norfolkdeeds.org  to get more information on homestead protection."


Real Estate Activity in Norfolk County - November 2021
Real Estate Activity in Norfolk County - November 2021

Register O'Donnell concluded, "Without question November was a mixed bag month for real estate activity in Norfolk County.  Available real estate inventory continues to be a constant source of concern in Norfolk County. It's especially been a problem for first-time homebuyers attempting to crack the market. Also, things may be slowing down compared to past real estate indicators.  The Registry of Deeds was operational every work day during the pandemic.  The Registry of Deeds continues to be open to the public for business, however that is being evaluated as the COVID-19 developments unfold.  The drop-off box located at the main entrance of the Registry Building for the time being will continue to be available for use by those members of the public who may not be comfortable in entering the Registry of Deeds Building.  Land documents are being recorded electronically for many of our institutional users. We are also receiving documents in person, via regular mail, Federal Express and from those placed in our drop-off box located just outside our main entrance at 649 High Street, Dedham, MA."   

To learn more about these and other Registry of Deeds events and initiatives, like us at facebook.com/NorfolkDeeds or follow us on twitter.com/NorfolkDeeds and Instagram.com/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.