Medfield, MA 3rd Quarter 2018 Real Estate Activity Report

During the 3rd quarter of 2018, real estate activity in Medfield saw an increase in total sales volume but a decrease in average sales price.

 

There was a 3% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medfield during the 3rd quarter 2018. 773 land documents were recorded versus 749 during the third quarter 2017.  

 

The total volume of real estate sales in Medfield during the 3rd quarter 2018 was $51,504,342, a 5% increase from the same time period in 2017. Hoever, the average sale price of homes and commercial property decreased 3% in Medfield. The average sale price was $677,688. 

 

The number of mortgages recorded (157) on Medfield properties during the 3rd quarter 2018 was down 4% from the previous year. Total mortgage indebtedness also decreased 9% to $56,533,589 during the same period.

 

There were 0 foreclosure deeds filed against Medfield properties during  the 3rd quarter 2018 compared to 1 foreclosure deed filed during the 3rd quarter 2017. 

 

Finally, homestead activity increased 20% in Medfield during the 3rd quarter 2018 with 89 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.