Medway, MA 1st Quarter 2016 Real Estate Activity Report

During the 1st quarter of 2016, real estate activity in Medway saw increases in both total sales volume and average sales price.

 

There was a 7% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medway during the 1st quarter 2016. 554 land documents were recorded versus 516 during the first quarter 2015.  

 

The total volume of real estate sales in Medway during the 1st quarter 2016 was $15,695,319, a 30% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 20% in Medway. The average sale price was $424,197. 

 

The number of mortgages recorded (107) on Medway properties during the 1st quarter 2016 was down 20% from the previous year. Total mortgage indebtedness also decreased 20% to $27,179,466 during the same period.

 

There was 1 foreclosure deed filed against a Medway property during 1st quarter 2016 compared to 3 foreclosure deed filings during the 1st quarter 2015. 

 

Finally, homestead activity increased 46% in Medway during the 1st quarter 2016 with 57 homesteads filed compared to 39 during the same time period in 2015.

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.