During the 1st quarter of 2016, real estate activity in Medfield saw decreases in both total sales volume and average sales price.
There was a 4% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medfield during the 1st quarter 2016. 648 land documents were recorded versus 626 during the first quarter 2015.
The total volume of real estate sales in Medfield during the 1st quarter 2016 was $25,543,356, a 7% decrease from the same time period in 2015. Also, the average sale price of homes and commercial property decreased 7% in Medfield. The average sale price was $638,583.
The number of mortgages recorded (146) on Medfield properties during the 1st quarter 2016 was down 11% from the previous year. Total mortgage indebtedness also decreased 18% to $50,498,096 during the same period.
There were 0 foreclosure deeds filed against Medfield properties during 1st quarter 2016 compared to 2 foreclosure deed filings during the 1st quarter 2015.
Finally, homestead activity decreased 14% in Medfield during the 1st quarter 2016 with 49 homesteads filed compared to 57 during the same time period in 2015.