Medway, MA 2nd Quarter 2015 Real Estate Activity Report

Real Estate activity in Medway, MA during the 2nd quarter of 2015 saw a decrease in total real estate sales volume and increases in borrowing.


There was a 3% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medway during the 2nd quarter of 2015. 623 land documents were recorded versus 606 during the 2nd quarter of 2014.


The total dollar volume of real estate sales in Medway during the 2nd quarter of 2015 was $15,844,215, a 34% decrease over 2014 2nd quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $386,444, a 16% decrease  from the same time period in 2014.


The number of mortgages recorded against Medway properties during the 2nd quarter of 2015 was 160, a 21% increase from the 2nd quarter 2014 number. Total mortgage indebtedness was $37,751,210 for the quarter compared to $34,564,551 for the 2nd quarter 2014.


There were 2 foreclosure deeds filed against Medway properties during the 2nd quarter 2015.


Finally, homestead activity decreased in Medway during the 2nd quarter 2015 with 51 Homesteads recorded representing a 14% decrease from the 2nd quarter 2014 total of 59.

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.