Medfield, MA 2nd Quarter 2016 Real Estate Activity Report

During the 2nd quarter of 2016, real estate activity in Medfield saw a decrease in total sales volume but a slight increase in average sales price.

 

There was a 17% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medfield during the 2nd quarter 2016. 742 land documents were recorded versus 895 during the second quarter 2015.  

 

The total volume of real estate sales in Medfield during the 2nd quarter 2016 was $38,976,272, a 26% decrease from the same time period in 2015. However, the average sale price of homes and commercial property increased 1% in Medfield. The average sale price was $708,659. 

 

The number of mortgages recorded (188) on Medfield properties during the 2nd quarter 2016 was down 19% from the previous year. Total mortgage indebtedness also decreased 12% to $72,508,907 during the same period.

 

There was 1 foreclosure deed filed against a Medfield property during 2nd quarter 2016 compared to 0 foreclosure deed filings during the 2nd quarter 2015. 

 

Finally, homestead activity decreased 12% in Medfield during the 2nd quarter 2016 with 75 homesteads filed compared to 85 during the same time period in 2015.

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.