During the 3rd quarter of 2021, real estate activity in Medfield saw increases in total sales volume and average sales price.
There was a 2% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medfield during the 3rd quarter 2021. 1,039 land documents were recorded versus 1,058 during the 3rd quarter 2020.
The total volume of real estate sales in Medfield during the 3rd quarter 2021 was $74,928,576, a 32% increase from the same time period in 2020. Also, the average sale price of homes and commercial property increased 33% in Medfield. The average sale price was $985,902.
The number of mortgages recorded (277) on Medfield properties during the 3rd quarter 2021 was down 14% from the previous year. However, total mortgage indebtedness was $132,366,077, up 14% from the 3rd quarter 2020.
There were 0 foreclosure deeds filed against Medfield properties during the 3rd quarter 2021 compared to 0 foreclosure deed filed during the 3rd quarter 2020.
Finally, homestead activity in Medfield increased 17% during the 3rd quarter 2021 with 96 homesteads filed, compared to 82 filed during the same time period in 2020.