Medfield, MA 2015 Real Estate Activity Report

During 2015, real estate activity in Medfield saw an increase in total volume but a decrease in average sales price.

 

There was an 18% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medfield in 2015. 3,074 land documents were recorded versus 2,601 in 2014. 

 

The total volume of real estate sales in Medfield during 2015 was $166,001,402, a 17% increase from 2014. However, the average sales price of homes and commercial property was down 7% in Medfield. The average sale price was $685,956.

 

The number of mortgages recorded (749) on Medfield  properties in 2015 was up 36% from the previous year. Total mortgage indebtedness actually decreased by 47% to $267,223,561 during the same period.

 

There were 3 foreclosure deeds filed against Medfield properties during 2015, representing a 200% increase from the previous year when there was 1 foreclosure deed filed.

 

Finally, homestead activity increased 18% in Medfield during 2015 with 286 homesteads filed compared to 243 in 2014.

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.