During 2017, real estate activity in Medfield saw increases in both total sales volume and average sales price.
There was a 14% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medfield in 2017. 2,653 land documents were recorded versus 3,070 in 2016.
The total volume of real estate sales in Medfield during 2017 was $164,953,093, a 20% increase from 2016. Also, the average sales price of homes and commercial property was up 11% in Medfield. The average sale price was $739,699.
The number of mortgages recorded (613) on Medfield properties in 2017 was down 21% from the previous year. Total mortgage indebtedness decreased by 19% to $231,484,997 during the same period.
There were 3 foreclosure deeds filed against Medfield properties during 2017, representing a 25% decrease from the previous year when there were 4 foreclosure deeds filed.
Finally, homestead activity decreased 8% in Medfield during 2017 with 249 homesteads filed compared to 272 in 2016.