Norfolk, MA 2018 Real Estate Activity Report

During 2018, real estate activity in Norfolk saw increases in both total sales volume and average sales price.

 

There was a 2% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norfolk in 2018. 2,336 land documents were recorded versus 2,296 in 2017. 

 

The total volume of real estate sales in Norfolk during 2018 was $300,771,681, a 154% increase from 2017. The average sales price of homes and commercial property was up 129% in Norfolk. The average sale price was $1,302,041. These numbers were impacted by the $177.6 million sale of Steward Hospital, which included property in Norfolk, that took place on 6/28/18.  

 

The number of mortgages recorded (460) on Norfolk properties in 2018 was down 4% from the previous year. Total mortgage indebtedness decreased by 9% to $140,869,745 during the same period.

 

There were 2 foreclosure deeds filed against Norfolk properties during 2018 compared to 2 foreclosure deed filings in 2017.   

 

Finally, homestead activity increased 6% in Norfolk during 2018 with 264 homesteads filed compared to 249 in 2017.

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.