Medfield, MA 2nd Quarter 2018 Real Estate Activity Report

During the 2nd quarter of 2018, real estate activity in Medfield saw decreases in both total sales volume and average sales price.

 

There was a 3% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medfield during the 2nd quarter 2018. 691 land documents were recorded versus 709 during the second quarter 2017.  

 

The total volume of real estate sales in Medfield during the 2nd quarter 2018 was $42,095,559, a 17% decrease from the same time period in 2017. Also, the average sale price of homes and commercial property decreased 3% in Medfield. The average sale price was $701,592. 

 

The number of mortgages recorded (152) on Medfield properties during the 2nd quarter 2018 was down 12% from the previous year. Total mortgage indebtedness also decreased 15% to $55,298,623 during the same period.

 

There was 1 foreclosure deed filed against a Medfield property during  the 2nd quarter 2018 compared to 0 foreclosure deed filings recorded during the 2nd quarter 2017. 

 

Finally, homestead activity decreased 14% in Medfield during the 2nd quarter 2018 with 64 homesteads filed compared to 74 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.