FY’24 demonstrated a continued decrease in overall real estate activity impacted by the higher interest rates along with a lack of inventory. The Registry experienced a 12% decrease in overall revenue in comparison to the previous fiscal year and a 46% decrease if compared to FY’21. The highest sale of the fiscal year was the iconic island property known as Chip Chop which was owned by former ABC News Anchor, Diane Sawyer. The property was sold for $23.9 million.
In the following pages please find visual representations of Registry data including a 4-year comparison of revenues, deeds recorded, total documents recorded, and deeds excise, as well as a breakdown of the deeds excise allotment to the Registry, the County and the Commonwealth.
Read the full FY’24 Report (PDF)