During 2019, real estate activity in the town of Norfolk saw decreases in both total sales volume and average sales price.
There was a 2% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norfolk during 2019. 2,381 land documents were recorded versus 2,336 during 2018.
The total volume of real estate sales in Norfolk during 2019 was $118,970,790, a 60% decrease from 2018. Also, the average sale price of homes and commercial property decreased 58% in Norfolk. The average sale price was $553,352. These figures were impacted by the $177 million 2018 sale of Steward Norwood Hospital sale that took place on 6/28/18.
The number of mortgages recorded (553) on Norfolk properties during 2019 was up 20% from the previous year. Also, total mortgage indebtedness increased 35% to $190,608,099 during the same period.
There were 3 foreclosure deeds filed against town of Norfolk properties during 2019, compared to 2 filed in 2018.
Finally, homestead activity decreased 2% in Norfolk during 2019 with 260 homesteads filed compared to 264 during 2018.