Norfolk & Wrentham November 2022

Page 26 Norfolk & Wrentham Local Town Pages | www.norfolkwrenthamnews.com November 2022
Jim Hanewich
NMLS #: 23315
Cell: 508-878-5385
James.Hanewich@bankfive.com
www.jimhanewich.com
CONTACT JIM FOR ALL YOUR MORTGAGE NEEDS
Jim Hanewich’s 30 years of experience can assist you with First-Time homebuyer, FHA,
VA, portfolio, conventional and jumbo loans.
Set up an appointment with Jim at 40 South Street, Suite 1, Wrentham, MA 02093.
MORTGAGE OFFICE
MEMBER FDIC. MEMBER DIF. NMLS #525575
WILLIAM COLDWELL RAVEIS BANKER REALTY
DELTA REALTORS
INTEGRITY * SERVICE * EXPERIENCE
Betsy
GRAZIANO
GRAZIANO
ABR, SRES, CNS, CRS
c. ABR, 508.498.6608
SRES, CNS, CRS
betsygraziano.com
c. 508.498.6608
betsygraziano.com
DEDICATED TO GETTING YOU HOME
DEDICATED TO GETTING YOU HOME
DEDICATED TO GETTING YOU HOME!
Eleanor Osborn, REALTOR
508-654-1855
CBR, RENE, RESE
Eleanor.Osborn@commonmoves.com
http://www.EleanorOsbornHomes.com
2021 recipient of Greater Boston Association of Realtors Spirit Award and
BHHS Commonwealth RE Honor Society Award and celebrating 26 years
as your local resource of Residential Real Estate
September Real Estate Activity
in Norfolk County
September 2022 numbers
relative to Norfolk County recordings
indicate a continuing
decrease in overall real estate
activity, particularly mortgage
activity, as compared to the September
2021 numbers, indicating
the market may be starting
to cool off.
BERKSHIRE HATHAWAY
HomeServices
Commonwealth Real Estate
According to Norfolk County
Register of Deeds William P.
O’Donnell, data indicates that
the Norfolk County real estate
numbers in September demonstrate
a continued slowdown in
the market compared to 2021
and for the first time it appears
that the average sales price is
leveling off. There were 9,972
documents recorded at the Norfolk
County Registry of Deeds
in September, a 35% decrease
from September 2021 and a
decrease of 14% from August,
2022.
The number of deeds for
September 2022, which reflect
real estate sales and transfers,
both commercial and residential,
show a decrease of 23%
from September, 2021 and a decrease
of 16% from the previous
month of August, 2022. Sale
prices for September appear to
have leveled off when compared
to September 2021. The average
sale price in September was
$1,082,714, a decrease of 1%
compared to September 2021.
Total dollar volume of commercial
and residential sales is down,
decreasing 24% from one year
ago and decreasing 16% from
last month, noted O’Donnell.
Overall lending activity show
a continued trend downward
for the month of September. A
total of 1,693 mortgages were
recorded during the month,
a significant decrease of 55%
compared to a year ago and
down 15% from August, 2022.
“It appears that the sharp increase
in the mortgage interest
rates has significantly impacted
mortgage activity,” said Register
O’Donnell.
A continuing cause for concern
in Norfolk County is the
number of pending foreclosures.
The Norfolk County Registry of
Deeds has been closely monitoring
the foreclosure market. In
September, there were 6 foreclosure
deeds recorded as a result
of mortgage foreclosures taking
place in Norfolk County, one
less than in September, 2021.
However, there were 37 Notices
to Foreclose, the first step in the
foreclosure process, recorded in
September, up significantly from
the 10 recorded in September
2021.
“The dramatic increase in
the number of these notices
is alarming. It indicates that
more of our neighbors are facing
financial challenges going
forward,” said O’Donnell. “We
will continue to track these numbers.”
For the past several years,
the Norfolk County Registry
of Deeds has partnered with
Quincy Community Action
Programs, 617-479-8181 x376,
and NeighborWorks Housing
Solutions, 508-587-0950 to help
anyone facing challenges paying
their mortgage. Another
option for homeowners is to
contact the Massachusetts Attorney
General’s Consumer
Advocacy and Response Division
(CARD) at 617-727-8400.
Register O’Donnell stated, “If
RE ACTIVITY
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