During 2019, real estate activity in Medfield saw an increase in total sales volume but a decrease in average sales price.
There was a 19% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medfield during 2019. 2,953 land documents were recorded versus 2,488 during 2018.
The total volume of real estate sales in Medfield during 2019 was $176,908,741, an 8% increase from 2018. However, the average sale price of homes and commercial property decreased 6% in Medfield. The average sale price was $725,035.
The number of mortgages recorded (690) on Medfield properties during 2019 was up 34% from the previous year. Also, total mortgage indebtedness increased 55% to $288,683,149 during the same period.
There was 1 foreclosure deed filed against a Medfield property during 2019, compared to 4 filed during 2018.
Finally, homestead activity increased 26% in Medfield during 2019 with 302 homesteads filed compared to 240 during 2018.