During 2015, real estate activity in Norwood saw increases in both total volume and average sales price.
There was an 11% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norwood in 2015. 5,085 land documents were recorded versus 4,577 in 2014.
The total volume of real estate sales in Norwood during 2015 was $290,467,473, a 28% increase from 2014. The average sales price of homes and commercial property was up 31% in Norwood. The average sale price was $770,470.
The number of mortgages recorded (1,150) on Norwood properties in 2015 was up 21% from the previous year. However, total mortgage indebtedness decreased by 34% to $579,367,981 during the same period.
There were 2 foreclosure deed filed against Norwood properties during 2015, representing a 60% decrease from the previous year when there were 5 foreclosure deeds recorded.
Finally, homestead activity increased 3% in Norwood during 2015 with 451 homesteads filed compared to 439 in 2014.