Norwood, MA Real Estate Activity Report
July 1, 2015 - September 30, 2015
Real Estate activity in Norwood during the 3rd quarter of 2015 saw increases in both total real estate sales volume and borrowing.
There was a 10% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norwood during the 3rd quarter of 2015. 1,350 land documents were recorded versus 1,229 during the 3rd quarter of 2014.
The total dollar volume of real estate sales in Norwood during the 3rd quarter of 2015 was $108,560,620, a 100% increase over 2014 3rd quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $969,291, an 87% increase from the same time period in 2014.
The number of mortgages recorded against Norwood properties during the 3rd quarter of 2015 was 289, a 9% increase from the 3rd quarter 2014 number. Total mortgage indebtedness was $125,092,612 for the quarter compared to $69,792,963 for the 3rd quarter 2014.
There were 0 foreclosure deeds filed against Norwood property during the 3rd quarter 2015. There were also 0 foreclosure deed filings during the same time period in 2014.
Finally, homestead activity increased in Norwood during the 3rd quarter 2015 with 122 Homesteads recorded representing a 2% increase from the 3rd quarter 2014 total of 120.