During the 3rd quarter of 2018, real estate activity in Medway saw decreases in both total sales volume and average sales price.
There was an 8% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Medway during the 3rd quarter 2018. 722 land documents were recorded versus 784 during the third quarter 2017.
The total volume of real estate sales in Medway during the 3rd quarter 2018 was $32,244,058, a 3% decrease from the same time period in 2017. Also, the average sale price of homes and commercial property decreased 1% in Medway. The average sale price was $435,730.
The number of mortgages recorded (124) on Medway properties during the 3rd quarter 2018 was down 23% from the 3rd quarter 2017. Also, total mortgage indebtedness decreased 25% to $34,114,423 during the same period.
There were 3 foreclosure deeds filed against Medway properties during the 3rd quarter 2018 compared to 1 foreclosure deed filed during the 3rd quarter 2017.
Finally, homestead activity decreased 11% in Medway during the 3rd quarter 2018 with 76 homesteads filed compared to 85 during the same time period in 2017.