During 2014, real estate activity in Medfield saw increases in total volume and average sales price.
There was a 30% decrease in documents recorded at the Norfolk County Registry of Deeds for Medfield in 2014, resulting in a reduction of 1,104 documents from 3,705 to 2,601.
The total volume of real estate sales in Medfield during 2014 was $141,905,311 which showed an 11% increase from 2013. The average sales price of homes and commercial property was up by 21% in Medfield. The average sale was $735,260.
The number of mortgages recorded (551) on Medfield properties in 2014 was down by 40% from the previous year. Total mortgage indebtedness actually increased by 74% to $505,735,169 during the same period.
There was 1 foreclosure deed filed in Medfield during 2014, representing a 100% increase from the previous year when there was 0 foreclosure deeds filed.
Finally, homestead activity decreased by 18% in Medfield during 2014 with 243 homesteads filed compared to 296 in 2013.