Norwood, MA 1st Quarter 2018 Real Estate Activity Report

During the 1st quarter of 2018, real estate activity in Norwood saw significant increases in both total sales volume and average sales price.

 

There was a 5% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norwood during the 1st quarter 2018. 1,062 land documents were recorded versus 1,117 during the first quarter 2017.  

 

The total volume of real estate sales in Norwood during the 1st quarter 2018 was $121,511,438, a 239% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 231% in Norwood. The average sale price was $1,518,892. These figures were impacted These numbers were impacted by multiple high dollar commercial transactions that took place during the first quarter.

 

The number of mortgages recorded (203) on Norwood properties during the 1st quarter 2018 was down 3% from the previous year. However, total mortgage indebtedness increased 2% to $189,322,448. 

 

There were 4 foreclosure deeds filed against Norwood properties during the 1st quarter 2018 compared to 1 foreclosure deed filed during the 1st quarter 2017.  

 

Finally, homestead activity increased 15% in Norwood during the 1st quarter 2018 with 107 homesteads filed compared to 93 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.