Medfield, MA 3rd Quarter 2017 Real Estate Activity Report

During the 3rd quarter of 2017, real estate activity in Medfield saw a decrease in total sales volume but a small increase in average sales price.

 

There was a 21% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medfield during the 3rd quarter 2017. 749 land documents were recorded versus 946 during the third quarter 2016.  

 

The total volume of real estate sales in Medfield during the 3rd quarter 2017 was $49,002,419, a 5% decrease from the same time period in 2016. However, the average sale price of homes and commercial property increased 3% in Medfield. The average sale price was $700,034. 

 

The number of mortgages recorded (164) on Medfield properties during the 3rd quarter 2017 was down 33% from the previous year. Total mortgage indebtedness also decreased 35% to $62,252,886 during the same period.

 

There was 1 foreclosure deed filed against a Medfield property during  the 3rd quarter 2017, the same number recorded during the 3rd quarter 2016. 

 

Finally, homestead activity decreased 14% in Medfield during the 3rd quarter 2017 with 74 homesteads filed compared to 86 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.