During the 3rd quarter of 2016, real estate activity in Norwood saw decreases in both total sales volume and average sales price.
There was a 3% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Norwood during the 3rd quarter 2016. 1,391 land documents were recorded versus 1,351 during the third quarter 2015.
The total volume of real estate sales in Norwood during the 3rd quarter 2016 was $50,753,473, a 53% decrease from the same time period in 2015. Also, the average sale price of homes and commercial property decreased 50% in Norwood. The average sale price was $488,014.
The number of mortgages recorded (319) on Norwood properties during the 3rd quarter 2016 was up 10% from the previous year. However, total mortgage indebtedness decreased 3% to $121,664,993 during the same period.
There were 3 foreclosure deeds filed against Norwood properties during the 3rd quarter 2016, compared to 0 foreclosure deed filings during the 3rd quarter 2015.
Finally, homestead activity increased 2% in Norwood during the 3rd quarter 2016 with 125 homesteads filed compared to 122 during the same time period in 2015.