Norfolk, MA 3rd Quarter 2018 Real Estate Activity Report

During the 3rd quarter of 2018, real estate activity in the town of Norfolk saw an increase in total sales volume but a decrease in average sales price.

 

There was a 33% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norfolk during the 3rd quarter 2018. 739 land documents were recorded versus 554 during the third quarter 2017.  

 

The total volume of real estate sales in Norfolk during the 3rd quarter 2018 was $45,236,392, a 39% increase from the same time period in 2017. However, the average sale price of homes and commercial property decreased 7% in Norfolk. The average sale price was $538,528. 

 

The number of mortgages recorded (144) on Norfolk properties during the 3rd quarter 2018 was up 20% from the previous year. Also, total mortgage indebtedness increased 18% to $44,310,582 during the same period.

 

There were 0 foreclosure deeds filed against town of Norfolk properties during the 3rd quarter 2018, the same number filed during the 3rd quarter 2017. 

 

Finally, homestead activity increased 21% in Norfolk during the 3rd quarter 2018 with 80 homesteads filed compared to 66 during the same time period 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.