During 2014, real estate activity in Norwood saw increases in total volume and average sales price.
There was a 21% decrease in documents recorded at the Norfolk County Registry of Deeds for Norwood in 2014, resulting in a reduction of 1,188 documents from 5,766 to 4,578.
The total volume of real estate sales in Norwood during 2014 was $227,597,082 which showed a 10% increase from 2013. The average sale price of homes and commercial property was up 5% in Norwood. The average sale was $589,629.
The number of mortgages recorded (953) on Norwood properties in 2014 was down by 24% from the previous year. Total mortgage indebtedness actually increased by 89% to $883,109,181 during the same period.
There were 5 foreclosure deeds filed in Norwood during 2014, representing a 25% increase from the previous year when there was 4 foreclosure deeds filed.
Finally, homestead activity decreased 6% in Norwood during 2014 with 439 homesteads filed compared to 468 in 2013.