Medway, MA 2nd Quarter 2016 Real Estate Activity Report

During the 2nd quarter of 2016, real estate activity in Medway saw increases in both total sales volume and average sales price.

 

There was a 26% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medway during the 2nd quarter 2016. 783 land documents were recorded versus 623 during the first quarter 2015.  

 

The total volume of real estate sales in Medway during the 2nd quarter 2016 was $34,267,816, a 116% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 17% in Medway. The average sale price was $450,892. 

 

The number of mortgages recorded (187) on Medway properties during the 2nd quarter 2016 was up 17% from the previous year. Total mortgage indebtedness also increased 41% to $53,149,447 during the same period.

 

There were 2 foreclosure deeds filed against Medway properties during 2nd quarter 2016, the same number recorded during the 2nd quarter 2015. 

 

Finally, homestead activity increased 61% in Medway during the 2nd quarter 2016 with 82 homesteads filed compared to 51 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.