Norwood, MA 1st Quarter 2017 Real Estate Activity Report

During the 1st quarter of 2017, real estate activity in Norwood saw decreases in both total sales volume and average sales price.

 

There was a 0% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norwood during the 1st quarter 2017. 1,117 land documents were recorded versus 1,113 during the first quarter 2016.  

 

The total volume of real estate sales in Norwood during the 1st quarter 2017 was $35,821,741, a 54% decrease from the same time period in 2016. Also, the average sale price of homes and commercial property decreased the same 54% in Norwood. The average sale price was $459,253. 

 

The number of mortgages recorded (209) on Norwood properties during the 1st quarter 2017 was down 8% from the previous year. Also, total mortgage indebtedness decreased 70% to $185,880,100 during the same period. 

 

There was 1 foreclosure deed filed against a Norwood property during 1st quarter 2017 compared to 0 filings during the 1st quarter 2016. 

 

Finally, homestead activity increased 13% in Norwood during the 1st quarter 2017 with 93 homesteads filed compared to 82 during the same time period in 2016.

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.