Saturday, January 14, 2017

Lowell Real Estate: Week of January 9, 2017

The following real estate sales occurred in Lowell last week:

Week of January 9, 2017

January 9, 2017 - Monday
16 Kearney Dr for $345,000. Prior sale in 1991 for $125,000
206 Pine St for $780,000. Prior sale in 1977
33-35 Jean Ave for $290,000. Prior sale in 1986 for $147,000

January 10, 2017 - Tuesday
1961 Middlesex St Unit F for $175,000. Prior sale in 1984 for $49,900
16-18 Cedar St for $187,000. Prior sale in 1980
138 Cross St for $195,000. Prior sale in 2006 in $620,000
165-181 Market St Unit 14 for $255,000. Prior sale in 2012 for $245,000
157 Nesmith St Unit 1 for $130,000. Prior sale in 2008 for $105,500

January 11, 2017 - Wednesday
100B Roper St for $152,000. Prior sale in 2003 for $157,400

January 12, 2017 - Thursday
337 Stevens St Unit D for $130,000. Prior sale in 1995 for $38,000
216 Wentworth Ave for $379,000. Prior sale in 2013 for $311,000
10 Kearney Sq Unit 404 for $272,000. Prior sale in 2016 for $252,400
201 Thorndike St Unit 3-01 for $132,000. Prior sale in 2002 for $109,900

January 13, 2017 - Friday
40-42 Sidney St for $373,200. Prior sale in 1973
104 West Sixth St for $165,000. Prior sale in 2013 for $58,860
169 Parkview Ave for $360,000. Prior sale in 1986 for $165,000

Friday, January 06, 2017

Electronic Recording in 2016

Electronic recording continued to account for an increasingly large percentage of recordings in 2016. Of the 65,521 documents recorded last year, 33,620 (52%) came to us electronically. More than two-thirds of all mortgages (8,615 of 12,639 or 68%) come to us electronically, as do 60% of mortgage discharges (8,033 of 13,398).

Since the start of electronic recording, the percentage of documents filed that way has continued to increase each year. Here are the annual percentages:

2005 -  1%
2006 -  3%
2007 -  5%
2008 -  7%
2009 - 12%
2010 - 14%
2011 - 30%
2012 - 34%
2013 - 38%
2014 - 38%
2015 - 45%
2016 - 52%

Thursday, January 05, 2017

End of year recording statistics

Here are some recording statistics for 2016 (entire year) and for the month of December (with comparisons to the same periods in 2015).

2016 (entire year)

Total docs recorded: 65,521 - an increase of 8% from 2015 (60,516)
Deeds: 7,776 - an increase of 12% from 2015 (6,913)
Mortgages: 12,639 - an increase of 13% from 2015 (11,148)
Foreclosure Deeds: 270 - an increase of 29% from 2015 (209)
Orders of Notice: 471 - a decrease of 2% from 2015 (479)

December 2016

Total docs: 6,125 - increase of 11% from Dec 2015 (5,512)
Deeds: 697 - increase of 7% (650)
Mortgages: 1,145 - increase of 19% (961)
Foreclosure Deeds: 16 - decrease of 41% (27)
Orders of Notice: 28 - decrease of 10% (31)