Norfolk, MA 3rd Quarter 2015 Real Estate Activity Report

      Norfolk, MA Real Estate Activity Report


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July 1, 2015 – September 30, 2015


 


Real Estate activity in Norfolk during the 3rd quarter of 2015 saw a small decrease in total real estate sales volume but an increase in borrowing.


 


There was a 5% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norfolk during the 3rd quarter of 2015. 711 land documents were recorded versus 679 during the 3rd quarter of 2014.


 


The total dollar volume of real estate sales in Norfolk during the 3rd quarter of 2015 was $36,824,360, a 3% decrease over 2014 3rd quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $497,626, an 8% decrease from the same time period in 2014.


 


The number of mortgages recorded against Norfolk properties during the 3rd quarter of 2015 was 168, a 22% increase from the 3rd quarter 2014 number. Total mortgage indebtedness was $49,804,888 for the quarter compared to $37,935,790 for the 3rd quarter 2014.


 


There were 0 foreclosure deeds filed against Norfolk property during the 3rd quarter 2015 compared to 1 filing during the same time period in 2014. 


 


Finally, homestead activity increased in Norfolk during the 3rd quarter 2015 with 76 Homesteads recorded representing a 9% increase from the 3rd quarter 2014 total of 70.

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.