During 2018, real estate activity in Medfield saw no percentage increase in total sales volume but a small increase in average sales price.
There was a 6% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medfield in 2018. 2,486 land documents were recorded versus 2,654 in 2017.
The total volume of real estate sales in Medfield during 2018 was $164,420,614, a 0% increase from 2017. However, the average sales price of homes and commercial property was up 4% in Medfield. The average sale price was $768,320.
The number of mortgages recorded (513) on Medfield properties in 2018 was down 16% from the previous year. Total mortgage indebtedness decreased by 20% to $185,765,270 during the same period.
There were 4 foreclosure deeds filed against Medfield properties during 2018, representing a 33% increase from the previous year when there were 3 foreclosure deeds filed.
Finally, homestead activity decreased 4% in Medfield during 2018 with 240 homesteads filed compared to 249 in 2017.