Norwood August 2018

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Page 16 Norwood Local Town Pages www.localtownpages.com August 2018 Norfolk County Real Estate: Inventory Down/Prices Up Continuing a countywide trend seen for the past several months, Norfolk County Register of Deeds William P. O’Donnell reported that 2nd quarter (April-June 2018) real estate stats showed a reduced level of residential and commercial sales, while at the same time the price of the average property remains on the rise. “During the recently concluded 2nd quarter, the average Norfolk County real estate sales price, both residential and commercial, rose 13% to $876,136,” Register O’Donnell noted. “Total real estate volume, again both residential and commercial, was $2.9 billion, a healthy 10% increase year over year.” “These 2nd quarter figures also show an overall 3% reduction in the number of properties sold countywide from 4,979 compared to 5,113 for the same quarter of 2017,” Register O’Donnell further stated. “These stats clearly indicate that low inventory is driving up prices. No doubt it’s a buyer’s market, but at the same time it’s also making it harder for first-time homeowners to crack the market.” For the 2nd quarter 2018, the number of land documents recorded, (such as deeds, mortgages, Homesteads, mortgage discharges, etc.) was 37,314, a 6% drop-off from the previous year. “This decline can be directly attributed to the reduction in real Coldwell Banker Residential Brokerage - Jen Conley “The only way to do great work is to love what you do”… Steve Jobs I Love my work as a realtor. Let me help you with all your real estate needs! Jennifer Gay Conley 508-265-3824 Lifelong Norwood Resident Jen.Conley@NEMoves.com JenConley.CBInTouch.com REAL ESTATE, INC. ~ Established 1986 ~ NORWOOD – Located in one of Norwood’s great locations – this 2,200 (+/-) sq. ft., Renovated 3 Bedroom, 2.5 Bath Cape features a Large Open Floor Plan, Fireplaced Living Room. New Kitchen opens to a stunning, large, Family Room with full-wall built-in Bookcase/Entertainment center. First Floor Master Bedroom and Laundry. Partially Finished Basement. New Roof, Vinyl Siding, Windows, Insulation, 200 amp electrical service, 3 zone Forced Hot Water Heat, 3 zone Air Conditioning, Hardwood Floors, New Front & Rear hydro-seeded lawn, Much More! 19 CRESTWOOD CIRCLE, $629,000 (Please visit our website for more photos and spec sheet) Contact Tony Camarra, President/Broker, for appointment* 638 Washington Street 1039 Washington Street Norwood, MA Canton, MA 781-769-2225 *781-828-2398 www.CamberRealEstate.com HOME SALES BY HELLAS! Helping Families Make the Right Move! GET LISTED! GET SOLD! Complimentary Consultation Call Hellas Assad! Cell 781.856.9477 hellas.assad@nemoves.com THE MARKET IS HOT! Let me assist you with Selling or Buying a home. Put my 30+ years experience to work for you! “Paul Keady was a great help to us as we went through the process of selling my mom’s house. His many years of experience made everything go smoothly. Paul also steered us in the right direction when we needed names of contractors and experts to help solve some renovations we needed to do before the sale. I would highly recommend Paul for anyone who wants a reliable and knowledgeable realtor” – Marianne Smotherman Paul G. Keady RE/MAX Real Estate Center estate sales and the continuing challenges in the lending market,” Register O’Donnell said. There were 6,826 mortgages recorded at the Registry during the quarter compared to 7,255 for the same time period in 2017. Total mortgage borrowing was $4.0 billion for the second quarter compared to $3.7 billion during the 2nd quarter 2017. “Currently, we are seeing an uptick in mortgage interest rates,” Register O’Donnell said. “We are approaching a 5% interest rate which, while historically a relatively low figure, has not been seen for several years. It will be interesting to see how consumers react if the 5% interest rate level is breached.” Norfolk County homeowners continued to benefit from the Homestead Act. A total of 3,353 Homesteads were recorded during the 2nd quarter, a 6% decrease year over year. “The Homestead law provides limited protection against the forced sale of an individual’s primary residence to satisfy unsecured debt up to $500,000, Register O’Donnell explained. I urge Norfolk County residents to consider this important consumer protection” tool.” Foreclosure activity in Norfolk County continued to show mixed results. A total of 48 foreclosure deeds were recorded versus 78 filed during the 2nd quarter of 2017. This good news was tempered by a significant 21% increase in the number of Notice to Foreclose Mortgage recordings, the first step in the foreclosure process. “While the eastern Massachusetts economy remains strong, the foreclosure numbers tell us 781-762-1945 Office • 781-799-5099 Cell paulkeady@verizon.net • www.paulkeady.com that there is a segment of the Norfolk County population facing economic hardship,” Register O’Donnell said. “The Registry continues to work with Quincy Community Action Programs, (617-479-8181 x376), and NeighborWorks SouthernMass, (508- 587-0950) to help homeowners who have received a Notice to Foreclose Mortgage document. A third option is to contact the Massachusetts Attorney General’s Consumer Advocacy and Response Division (CARD) at 617- 727-8400.” “The key variable is available real estate inventory,” Register O’Donnell said. “Until we see consistent growth, the housing market will remain challenged. Also, we need to see how prospective real estate buyers will react if interest rates, as anticipated, continue to rise.” To learn more about these and other Registry of Deeds events and initiatives, like them at facebook.com/NorfolkDeeds or follow on twitter.com/NorfolkDeeds and Instagram.com/Norfolk- Deeds. The Norfolk County Registry of Deeds is located at 649 High St., in Dedham. The Registry is a resource for homeowners, title examiners, mortgage lenders, municipalities and others with a need for secure, accurate, accessible land record information. All land record research information can be found on the Registry’s website www.norfolkdeeds.org. Residents in need of assistance can contact the Registry of Deeds Customer Service Center at 781-461-6101, or email registerodonnell@norfolkdeeds.org.
August 2018 Norwood Local Town Pages www.localtownpages.com Page 17 19 Crestwood Circle $629,000 Located in one of Norwood’s great locations. This 2,200 (+/-) sq. ft., 3 bedroom, 2.5 bath Cape was renovated by one of South Shore’s Custom Builders, Andrew Adams Construction Consulting, Inc. This home features a large open floor plan with a fireplaced living room. The new kitchen opens to a stunning, large, a family room with a full-wall, built-in bookcase/entertainment center. The first floor has a master bedroom and laundry. There is a also a partially finished basement. The house has a new roof, vinyl siding, windows, insulation, 200 amp electrical service, 3 zone forced hot water heat, 3 zone air conditioning, hardwood Home of the Month floors, new front & rear hydro-seeded lawn and much more! Visit the website for for more photos and a spec sheet. The house is Ready for Immediate Delivery! For more information, contact Tony Camarra, President/Broker, Camber Real Estate, Inc., at 781-828-2398. ARE YOUR TREES PROTECTED? • Tree Spraying • Fertilization • Large Tree Removal • Tree Pruning • Cabling & Bracing • Stump Grinding Professionals in Arboriculture Plant Health Care Tree Service 24 hour emergency service – fully insured Locally owned and operated CALL NOW • Pest Management • Injections • Crane & Bucket Service • Storm Damage Clean-Up 781-551-8733 www.pathfindertreeservice.com What do these beautiful homes have in common? They were all SOLD during the first weekend Jill placed them in the market! SOLD SOLD SOLD SOLD 170 Rock Street - Norwood 49 Rosemary Street - Norwood 29 Anthony Lane - Dedham 109 Fisher Street - Norwood SOLD SOLD SOLD SOLD 27 Hill St- Foxboro 13 Sycamore Street - Norwood 76 Pine Lane - Westwood “Jill offered us candid and professional advice. She is a highly skilled listener, understood what was important to us, communicated clearly, and was always available and responsive. We have purchased and sold several houses and condos over the years. Jill Kelly is by far the most competent, hard working and honest broker we have ever encountered.” 115 Walnut St - Walpole Jill Kelly Premier Associate 781-726-0447 Jill @JillKellyHomes.com HIRE JILL KELLY TODAY IF YOU WANT A SOLD SIGN IN YOUR FRONT YARD. WHO YOU WORK WITH MATTERS!
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Norwood August 2018

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