Medway, MA 3rd Quarter 2015 Real Estate Activity Report

                            Medway, MA Real Estate Activity Report


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July 1, 2015 – September 30, 2015


 


Real Estate activity in Medway during the 3rd quarter of 2015 saw increases in both total real estate sales volume and 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 3rd quarter of 2015. 802 land documents were recorded versus 782 during the 3rd quarter of 2014.


 


The total dollar volume of real estate sales in Medway during the 3rd quarter of 2015 was $31,061,121, a 5% increase over 2014 3rd quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $403,391, a 3% decrease from the same time period in 2014.


 


The number of mortgages recorded against Medway properties during the 3rd quarter of 2015 was 177, a 2% increase from the 3rd quarter 2014 number. Total mortgage indebtedness was $51,718,214 for the quarter compared to $42,688,518 for the 3rd quarter 2014.


 


There was 1 foreclosure deed filed against Medway property during the 3rd quarter 2015. This was the same number of foreclosure deeds filed during the 3rd quarter 2014. 


 


Finally, homestead activity increased in Medway during the 3rd quarter 2015 with 83 Homesteads recorded representing a 24% increase from the 3rd quarter 2014 total of 67.

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.