During the 2nd quarter of 2019, real estate activity in Medfield saw a small decrease in total sales volume but an increase in average sales price.
There was a 7% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medfield during the 2nd quarter 2019. 647 land documents were recorded versus 693 during the second quarter 2018.
The total volume of real estate sales in Medfield during the 2nd quarter 2019 was $41,757,171, a 1% decrease from the same time period in 2018. However, the average sale price of homes and commercial property increased 8% in Medfield. The average sale price was $759,221.
The number of mortgages recorded (145) on Medfield properties during the 2nd quarter 2019 was down 5% from the previous year. However, total mortgage indebtedness increased 16% to $64,040,303 during the same period.
There were 0 foreclosure deeds filed against Medfield properties during the 2nd quarter 2019 compared to 1 foreclosure deed filed during the 2nd quarter 2018.
Finally, homestead activity increased 5% in Medfield during the 2nd quarter 2019 with 67 homesteads filed compared to 64 during the same time period in 2018.