Lowell Deeds

The latest on real estate recordings and new technology from the Middlesex North Registry of Deeds in Lowell

July 26, 2006

2nd Quarter 2006 Sales Stats

by @ 6:51 am. Filed under Statistics

To supplement the articles in today’s Globe and New York Times reporting the drastic decrease in home and condo sales during the 2nd quarter of 2006, we offer some comparable statistics for the Middlesex North Registry District. While we can’t distinguish between residential and non-residential properties, our numbers do reflect the same trends seen across the state and much of the country. All of the following numbers are for the period from April 1 to June 30 for the years indicated. In 2004, 2531 deeds were recorded. Of those, 492 (19%) were for condominiums. In 2005, the total number of deeds recorded dropped by 5% to 2412. The number of those deeds that were for condominiums rose to 639 representing 26% of all deeds recorded and a 30% increase in the number of condominium deeds from the prior year. In 2006, the total number of deeds recorded dropped 20% to 1932. Of these, 473 (or 24%) were for condominiums. This represented a 26% decrease in the number of condominium deeds recorded from the prior year. Expressed as a ratio, in 2004, one of every 5.1 deeds recorded was for a condo. In 2005, one of every 3.8 deeds was for a condo. And in 2006, one of every 4.1 deeds was for a condo.

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