During 2014, real estate activity in Milton saw a small decrease in total volume but an increase in average sales price.
There was a 28% decrease in documents recorded at the Norfolk County Registry of Deeds for Milton in 2014, resulting in a reduction of 1,890 documents from 6,825 to 4,935.
The total volume of real estate sales in Milton in 2014 was $220,686,505 which showed a 1% decrease from 2013. The average sale price of homes and commercial property was up by 5% in Milton. The average sale was $590,070.
The number of mortgages recorded (1,190) on Milton properties in 2014 was down by 29% from the previous year. Total mortgage indebtedness actually increased by 94% to $1,014,363,313 during the same period.
There were 7 foreclosure deeds filed in Milton during 2014, representing a 46% decrease from the previous year when there was 13 foreclosure deeds filed.
Finally, homestead activity decreased by 8% in Milton during 2013 with 480 homesteads filed compared to 523 in 2013.