Medfield, MA 1st Quarter 2018 Real Estate Activity Report

During the 1st quarter of 2018, real estate activity in Medfield saw a decrease in total sales volume but an increase in average sales price.

 

There was a 19% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medfield during the 1st quarter 2018. 485 land documents were recorded versus 602 during the first quarter 2017.  

 

The total volume of real estate sales in Medfield during the 1st quarter 2018 was $21,096,296, a 25% decrease from the same time period in 2017. However, the average sale price of homes and commercial property increased 9% in Medfield. The average sale price was $703,209. 

 

The number of mortgages recorded (99) on Medfield properties during the 1st quarter 2018 was down 28% from the previous year. Total mortgage indebtedness also decreased 25% to $31,688,286 during the same period.

 

There was 1 foreclosure deed filed against a Medfield property during  the 1st quarter 2018 compared to 2 foreclosure deed filings recorded during the 1st quarter 2017. 

 

Finally, homestead activity decreased 19% in Medfield during the 1st quarter 2018 with 39 homesteads filed compared to 48 during the same time period in 2017.

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.