Medfield, MA 1st Quarter 2017 Real Estate Activity Report

During the 1st quarter of 2017, real estate activity in Medfield saw increases in both total sales volume and average sales price.

 

There was a 7% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medfield during the 1st quarter 2017. 602 land documents were recorded versus 648 during the first quarter 2016.  

 

The total volume of real estate sales in Medfield during the 1st quarter 2017 was $28,310,598, an 11% increase from the same time period in 2016. Also, the average sale price of homes and commercial property increased 1% in Medfield. The average sale price was $643,422. 

 

The number of mortgages recorded (137) on Medfield properties during the 1st quarter 2017 was down 6% from the previous year. Total mortgage indebtedness also decreased 16% to $42,407,208 during the same period.

 

There were 2 foreclosure deeds filed against Medfield properties during 1st quarter 2017 compared to 0 filings during the 1st quarter 2016. 

 

Finally, homestead activity decreased 2% in Medfield during the 1st quarter 2017 with 48 homesteads filed compared to 49 during the same time period in 2016.

The Norfolk County Registry of Deeds will be closed on Thursday, July 4th in celebration of Independence Day. We are open Friday, July 5th.

The Norfolk County Registry of Deeds is closed Today, July 4th in celebration of Independence Day. We are open Friday, July 5th.