During 2019, real estate activity in Medway saw increases in both total sales volume and average sales price.
There was a 16% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medway during 2019.3,059 land documents were recorded versus 2,646 during 2018.
The total volume of real estate sales in Medway during 2019 was $125,827,052, a 16% increase from 2018. Also, the average sale price of homes and commercial property increased 2% in Medway. The average sale price was $480,255.
The number of mortgages recorded (663) on Medway properties during 2019 was up 35% from 2018. Also, total mortgage indebtedness increased 87% to $263,159,531.
There were 2 foreclosure deeds filed against Medway properties during 2019 compared to 6 foreclosure deeds filed during 2018.
Finally, homestead activity increased 10% in Medway during 2019 with 276 homesteads filed compared to 252 recorded during 2018.