Medway, MA 1st Quarter 2017 Real Estate Activity Report

During the 1st quarter of 2017, 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 2017. 592 land documents were recorded versus 554 during the first quarter 2016.  

 

The total volume of real estate sales in Medway during the 1st quarter 2017 was $19,765,771, a 26% increase from the same time period in 2016. Also, the average sale price of homes and commercial property increased 19% in Medway. The average sale price was $506,814. 

 

The number of mortgages recorded (111) on Medway properties during the 1st quarter 2017 was up 4% from the previous year. Total mortgage indebtedness also increased 5% to $28,566,271 during the same period.

 

There was 1 foreclosure deed filed against a Medway property during 1st quarter 2017, the same number filed during the 1st quarter 2016. 

 

Finally, homestead activity increased 2% in Medway during the 1st quarter 2017 with 58 homesteads filed compared to 57 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.