During the 2nd quarter of 2019, real estate activity in Norwood saw decreases in both total sales and average sales price.
There was a 17% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norwood during the 2nd quarter 2019. 1,308 land documents were recorded versus 1,117 during the second quarter 2018.
The total volume of real estate sales in Norwood during the 2nd quarter 2019 was $111,293,821, a 71% decrease from the same time period in 2018.Also, the average sale price of homes and commercial property decreased 73% in Norwood. The average sale price was $890,350. These figures were impacted by th $177.6 million sale of Steward Norwood Hospital that took place on 6/28/18.
The number of mortgages recorded (282) on Norwood properties during the 2nd quarter 2019 was up 25% from the previous year. Also, total mortgage indebtedness increased 108% to $271,350,868.
There were 0 foreclosure deeds filed against Norwood properties during the 2nd quarter 2019 compared to 1 foreclosure deed filed during the 2nd quarter 2018.
Finally, homestead activity increased 20% in Norwood during the 2nd quarter 2019 with 144 homesteads filed compared to 120 during the same time period in 2018.