Norwood, MA 3rd Quarter 2019 Real Estate Activity Report

During the 3rd quarter of 2019, real estate activity in Norwood saw substantial increases in both total sales and average sales price.

 

There was a 10% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norwood during the 3rd quarter 2019. 1,384 land documents were recorded versus 1,256 during the third quarter 2018.  

 

The total volume of real estate sales in Norwood during the 3rd quarter 2019 was $348,087,971, a 289% increase from the same time period in 2018. Also, the average sale price of homes and commercial property increased 322% in Norwood. The average sale price was $3,026,851. These figures were impacted by the $270 million sale of Windsor Gardens apartment complex on 8/23/19.    

 

The number of mortgages recorded (331) on Norwood properties during the 3rd quarter 2019 was up 45% from the previous year. Also, total mortgage indebtedness increased 45% to $181,264,682. 

 

There was 1 foreclosure deed filed against a Norwood property during the 3rd quarter 2019, the same number filed during the 3rd quarter 2018.  

 

Finally, homestead activity decreased 7% in Norwood during the 3rd quarter 2019 with 128 homesteads filed compared to 138 during the same time period in 2018.

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.