Medfield, MA 3rd Quarter 2019 Real Estate Activity Report

During the 3rd quarter of 2019, real estate activity in Medfield saw increases in both total sales volume and average sales price.

 

There was a 24% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medfield during the 3rd quarter 2019. 957 land documents were recorded versus 773 during the third quarter 2018.  

 

The total volume of real estate sales in Medfield during the 3rd quarter 2019 was $67,919,811, a 32% increase from the same time period in 2018. Also, the average sale price of homes and commercial property increased 9% in Medfield. The average sale price was $738,258. 

 

The number of mortgages recorded (227) on Medfield properties during the 3rd quarter 2019 was up 45% from the previous year. Also, total mortgage indebtedness increased 78% to $100,652,411 during the same period.

 

There were 0 foreclosure deeds filed against Medfield properties during  the 3rd quarter 2019, the same number recorded during the 3rd quarter 2018. 

 

Finally, homestead activity increased 29% in Medfield during the 3rd quarter 2019 with 115 homesteads filed compared to 89 during the same time period in 2018.

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.