During 2014, real estate activity in Medway saw increases in total volume and average sales price.
There was a 22% decrease in documents recorded at the Norfolk County Registry of Deeds for Medway in 2014, resulting in a reduction of 731 documents from 3,277 to 2,546.
The total volume of real estate sales in Medway during 2014 was $82,965,147 which showed a 12% increase from 2013. The average sale price of homes and commercial property was up by 2% in Medway. The average sale was $400,797.
The number of mortgages recorded (546) on Medway properties in 2014 was down by 29% from the previous year. Total mortgage indebtedness also decreased by 73% to $131,949,884 during the same period.
There were 4 foreclosure deeds filed in Medway during 2014, representing a 100% increase from the previous year when there was 2 foreclosure deeds filed.
Finally, homestead activity decreased by 8% in Medway during 2014 with 227 homesteads filed compared to 248 in 2013.