Medway, MA 2015 Real Estate Activity Report

During 2015, real estate activity in Medway saw an increase in total volume but a decrease in average sales price.

 

There was a 5% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medway in 2015. 2,677 land documents were recorded versus 2,546 in 2014. 

 

The total volume of real estate sales in Medway during 2015 was $84,389,302, a 2% increase from 2014. However, the average sales price of homes and commercial property was down 3% in Medway. The average sale price was $387,106.

 

The number of mortgages recorded (613) on Medway properties in 2015 was up 12% from the previous year. Total mortgage indebtedness increased by 21% to $160,297,119, during the same period.

 

There were 6 foreclosure deeds filed against Medway properties during 2015, representing a 50% increase from the previous year when there were 2 foreclosure deeds filed.

 

Finally, homestead activity increased 7% in Medway during 2015 with 244 homesteads filed compared to 227 in 2014.

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.