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Page 28 <strong>Medway</strong> & <strong>Millis</strong> Local Town Pages www.localtownpages.com <strong>January</strong> <strong>2018</strong><br />
Register O’Donnell Voices Concerns about Norfolk<br />
County Real Estate Market<br />
After analyzing the most recent<br />
housing data for Norfolk<br />
Thanks to all for a Terrific Year<br />
Happy New Year!<br />
Lisa Shestack<br />
REALTOR ®<br />
cell (617) 828-6466<br />
Lisa@LisaisRealEstate.com<br />
www.LisaisRealEstate.com<br />
26 Franklin Street, Wrentham, MA 02093<br />
• Free Home Inspection*<br />
• Free Home Warranty*<br />
• Free Bank Appraisal*<br />
You choose.<br />
*To be reimbursed<br />
at closing<br />
(value up to $500)<br />
More choice. More reason to call us.<br />
Call 617-828-6466<br />
Looking to sell?<br />
Call for your free<br />
market analysis!<br />
County, Register of Deeds William<br />
P. O’Donnell expressed<br />
Dave Matthews<br />
CPA, Realtor, Broker/Owner<br />
Soundings Realty LLC<br />
Cell/Text 617-699-0871<br />
dave@soundingsrealty.com<br />
Ask about our special programs for<br />
TEACHERS, NURSES, <strong>and</strong> FIRST RESPONDERS<br />
We thank our<br />
clients <strong>and</strong> friends<br />
for a fantastic<br />
2017! We wish you<br />
<strong>and</strong> your family joy,<br />
happiness, <strong>and</strong><br />
success in the<br />
new year!<br />
some concerns with regards to<br />
real estate sales <strong>and</strong> lending activity<br />
for the month of November<br />
2017.<br />
O’Donnell noted, “November<br />
real estate sales, for both residential<br />
<strong>and</strong> commercial activity, were<br />
off by 3% from the previous year.<br />
A total of 1,512 property transactions<br />
were recorded versus<br />
1,563 in November 2016.<br />
“Additionally, the average sale<br />
price of residential <strong>and</strong> commercial<br />
property for the month<br />
was $638,120, a 12% reduction<br />
year over year. Also, total sales<br />
volume, again for both residential<br />
<strong>and</strong> commercial, was $619<br />
million, a 9% decrease from November<br />
2016. Clearly, the limited<br />
amount of available real estate<br />
inventory is having a drag on<br />
the real estate market in Norfolk<br />
County.”<br />
The story gets more sobering<br />
when we look at the lending market<br />
numbers in Norfolk County.<br />
“As we have seen for the last few<br />
months,” stated the Register, “the<br />
number of mortgages recorded<br />
during the month of November<br />
Carolyn Chodat<br />
Owner/Broker<br />
decreased by a significant 28%.<br />
Also, the total volume of mortgage<br />
financing, for both residential<br />
<strong>and</strong> commercial properties,<br />
came in at $1.1 billion, a 35%<br />
decrease year over year. There is<br />
no question consumers are being<br />
cautious when considering big<br />
ticket expenses. Furthermore, interest<br />
rates have crept up slightly,<br />
which have proven disconcerting<br />
to many homeowners interested<br />
in purchasing a home.”<br />
There was one major piece of<br />
positive news in the area of foreclosure<br />
activity where a total of<br />
13 foreclosure deeds were filed<br />
in November in comparison to<br />
19 filings in the same 2016 time<br />
period. However, on the other<br />
h<strong>and</strong>, a total of 125 Notice to<br />
Foreclose Mortgage documents,<br />
the first step in the foreclosure<br />
process, were recorded versus<br />
only 52 in November 2016.<br />
Register O’Donnell touted<br />
the Registry’s partnership committed<br />
with the Quincy Community<br />
Action Programs, (617)<br />
479-8181 x376, <strong>and</strong> Neighbor-<br />
Works Southern Mass, (508)<br />
Run Your Ads & Inserts With Us!<br />
Call Lori Koller 508-934-9608<br />
Classic Properties Realtors®<br />
would like to wish you <strong>and</strong> your family<br />
Happy New Year!<br />
Patty Betro, Deb Costa, Donna Durrance<br />
Olga Guerrero, Debbi Mosher, JoAn O’Rourke,<br />
Beth Rossi, Cheryl Smith<br />
74 Main Street, <strong>Medway</strong>, MA 02053<br />
Direct: 508-533-6060 • Cell: 508-341-7652<br />
www.classicprops.com<br />
587-0950 to help homeowners<br />
who have received a Notice to<br />
Foreclose Mortgage document.<br />
A third option is to contact the<br />
Massachusetts Attorney General’s<br />
Consumer Advocacy <strong>and</strong><br />
Response Division (CARD) at<br />
(617) 727-8400.<br />
Homestead recordings were<br />
flat with a total of 1,004 Homesteads<br />
filed in November compared<br />
to 1,002 in November<br />
2016.<br />
To learn more about these<br />
<strong>and</strong> other Registry of Deeds<br />
events <strong>and</strong> initiatives like us at<br />
facebook.com/NorfolkDeeds or<br />
follow us on twitter.com/NorfolkDeeds<br />
<strong>and</strong> instagram.com/<br />
NorfolkDeeds.<br />
The Norfolk County Registry<br />
of Deeds is located at 649 High<br />
Street in Dedham. All l<strong>and</strong> record<br />
research information can be<br />
found on the Registry’s website<br />
www.norfolkdeeds.org. Residents<br />
in need of assistance can contact<br />
the Registry of Deeds Customer<br />
Service Center via telephone at<br />
(781) 461-6101, or email registerodonnell@norfolkdeeds.org.
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