Medway, MA 2016 Real Estate Activity Report

During 2016, real estate activity in Medway saw increases in both total sales volume and average sales price.

 

There was a 16% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medway in 2016. 3,102 land documents were recorded versus 2,676 in 2015. 

 

The total volume of real estate sales in Medway during 2016 was $110,019,756, a 30% increase from 2015. The average sales price of homes and commercial property was up 10% in Medway. The average sale price was $424,786.

 

The number of mortgages recorded (717) on Medway properties in 2016 was up 17% from the previous year. Total mortgage indebtedness increased 22% to $195,631,445 during the same period.

 

There were 4 foreclosure deeds filed against Medway properties during 2016, representing a 33% decrease from the previous year when there were 6 foreclosure deeds filed.

 

Finally, homestead activity increased 29% in Medway during 2016 with 315 homesteads filed compared to 244 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.