Medway, MA 3rd Quarter 2016 Real Estate Activity Report

During the 3rd quarter of 2016, real estate activity in Medway saw an increase in total sales volume but a small decrease in average sales price.

 

There was a 17% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medway during the 3rd quarter 2016. 941 land documents were recorded versus 802 during the third quarter 2015.  

 

The total volume of real estate sales in Medway during the 3rd quarter 2016 was $34,357,851, an 11% increase from the same time period in 2015. However, the average sale price of homes and commercial property decreased 2% in Medway. The average sale price was $394,917. 

 

The number of mortgages recorded (227) on Medway properties during the 3rd quarter 2016 was up 28% from the previous year. Total mortgage indebtedness also increased 8% to $56,063,118 during the same period.

 

There was 1 foreclosure deed filed against a Medway property during the 3rd quarter 2016, the same number recorded during the 3rd quarter 2015. 

 

Finally, homestead activity increased 17% in Medway during the 3rd quarter 2016 with 97 homesteads filed compared to 83 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.