Real estate activity in Medway, MA during the 1st quarter of 2015 saw increases in both total real estate sales volume and borrowing.
There was a 5% increase in total land documents recorded at the Norfolk County Registry of Deeds from the town of Medway during the 1st quarter of 2015. 516 land documents were recorded versus 491 during the 1st quarter of 2014.
The total dollar volume of real estate sales in Medway during the 1st quarter of 2015 was $12,059,051, a 7% increase over 2014 1st quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $354,677, also a 7% increase over 1st quarter 2014.
The number of mortgages recorded on Medway properties during the 1st quarter of 2015 was 134, a 40% increase from the same time period in 2014. Total mortgage indebtedness was $34,002,352 for the quarter compared to $21,439,915 for the 1st quarter 2014.
There were 3 foreclosure deeds recorded against Medway properties during the 1st quarter of 2015 compared to 1 recording during the same time period in 2014.
Finally, Homestead activity decreased in Medway during the 1st quarter of 2015. 39 Homesteads were recorded in the quarter representing a 13% reduction from the 1st quarter 2014 number of 45.