Norfolk County’s top real estate sales of Q1 2024 unveiled

Norfolk County Register of Deeds William P. O’Donnell reported that during the first quarter of 2024, ten properties, a mix of commercial and residential, sold for more than $6,000,000, with an average price of $11,846,612.

The prices on the property to follow concern real estate sales during the period of January 1st, 2024, through March 31st, 2024.

The ten properties were:

• The U-Haul rental and storage facility on Washington Street in Stoughton. The property on 3.14 acres of land was sold in February for $6,409,127;

• 738 Washington Street, Norwood, a 40,700-square-foot three-story retail unit and multi-family apartment building, sold in February for $6,450,000;

• 3 Buckingham Terrace, Wellesley, a 9,922-square-foot, six-bedroom mansion sold in March for $6,450,000;

• 99 Yarmouth Road, the 5-bedroom Brookline Chestnut Hill Estate, which sits on 1.38 acres of land, sold in January for $6,815,000;

• 11 Randolph Road, Randolph, an over three-acre industrial center and warehouse site, sold in March for $7,300,000;

• 280 Dudley Street, Brookline, a 10,194-square-foot, six-bath, seven-bedroom mansion sold in January for $8,000,000;

• 419 Orchard Street, Millis, a five-bedroom, 4,086 square-foot home and 23.12 acres of land sold in March for $10,000,000;

• 140 Constitution Boulevard, Franklin, a 101,882 square-foot medical equipment manufacturing building, sold in January for $17,000,000;

• 6 Billings Street, Randolph, the Conference & Function facility and Boston-area landmark known as Lombardo’s, sold in February for $24,592,000;

• 23-25 Bridge Street, Quincy, the 6-story, 60-unit apartment complex known as Hillside Residences, sold in March for $25,450,000.

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

“The variety in these real estate transactions bodes well for the Norfolk County economy, with high value properties selling in both commercial and residential sectors,” 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 from these 10 sales totaled more than $540,000 for the state and county.

In the first quarter of 2024, there were 1,491 property sales recorded in Norfolk County, down 3% over the same time period last year. The average sales price for these properties which include, commercial and residential property was $1,019,511, up 14% from last year.

“The first quarter of 2024 started off strong with January and February beating 2023 property sales. Overall sales were down due to March 2024’s decrease in property sales,” noted Register O’Donnell. “However, despite the slight decrease in real estate activity throughout the county, there are still pockets of the market here in Norfolk County that are seeing growth and stability, particularly in certain neighborhoods and property types.”

The Registry of Deeds recorded 8,312 documents in April 2024. This was 9% more than in April 2023 and an 8% increase compared to March 2024. Also, there were 649 property sales recorded for the month, up 15% over the same time period last year.

“With April 2024 showing a strong start to the second quarter we hope to see similar real estate activity as we move further into the home buying season,” said Register O’Donnell.

The Norfolk County Registry of Deeds, located at 649 High St., Dedham, is the principal office for real property in Norfolk County.