Leicester deed data shows just one disclosed sale price all month

LEICESTER -- Fourteen property transfers were recorded at the Worcester County Registry of Deeds for Leicester between June 19 and July 18, but only one carried a disclosed sale price, limiting what conclusions can be drawn about the town's residential market this period.

MARKET OVERVIEW Of the 14 recorded deeds, only one listed a consideration amount: $422,500. Because 13 of 14 transfers did not disclose a price, the reported price range and median sale price are both $422,500 -- a single data point rather than a true market range. The raw count of 14 recorded deeds is higher than a typical single-sale month would suggest, but the volume includes numerous transfers involving banks, mortgage servicers, and loan-related entities rather than conventional buyer-to-seller residential sales, so the count alone should not be read as a measure of market activity among homebuyers.

TOP SALES The only sale with a disclosed price was a $422,500 transaction recorded June 25, with Armand G. Cote Jr. and Nancy J. Cote as sellers and Chad Stephens as buyer. No street address was listed for this transfer in the deed record. No other transactions in this period disclosed a consideration amount, so no additional entries can be ranked by price.

NEIGHBORHOOD BREAKDOWN Main Street saw two recorded transfers: 1323 Main St. (seller William Roberts to Main Street Partners LLC, price not disclosed) and 710 Main St. (Mortgage Electronic Registration Systems Inc. and Caliber Home Loans Inc. to Newrez LLC, price not disclosed). Pleasant Street also had two transfers: 199 Pleasant St. (Rocket Mortgage LLC to Dennis P. Coyle, price not disclosed) and 915 Pleasant St. (Capital One NA to Mortgage Electronic Registration Systems Inc. and JPMorgan Chase Bank NA, price not disclosed). The remaining transfers were spread across individual streets, including Marshall Street, Mayflower Circle, Lake Drive, Peter Salem Road, Salminen Drive, Maple Lane, Howard Terrace, Wesley Drive, and Winslow Avenue, each with a single recorded transfer. Because only one sale disclosed a price, transfers cannot be grouped into price tiers.

MARKET NOTES The most notable pattern in this period's deed records is the prevalence of financial institutions as grantors and grantees. Of the 14 recorded transfers, at least nine involved entities such as Capital One NA, Mortgage Electronic Registration Systems Inc., JPMorgan Chase Bank NA, Bank of America NA, First American Mortgage Solutions LLC, Rocket Mortgage LLC, Caliber Home Loans Inc., Newrez LLC, Guaranteed Rate Inc., Main Street Bank, U.S. Bank Trust NA, TVC Funding III LLC, and Temple View Capital Funding LP, either as sellers, buyers, or both. Two transfers recorded the same day, June 25 -- one with no listed address and a $422,500 price involving sellers Armand G. Cote Jr. and Nancy J. Cote, and one at 28 Mayflower Circle listing the same two individuals as sellers with no price disclosed -- share common seller names, though the deed data does not indicate whether they involve the same property. No beds, baths, or square footage figures were available in the deed records for any transfer in this period.

Recorded Deeds

Source: Registry of Deeds. Sale amounts shown as recorded; transfers without a disclosed consideration are noted as such.

Jun 22 - Jun 28

Compiled from official town feeds, community organizations, and local press. Outside reporting is attributed inline.