Milton, MA 1st Quarter 2016 Real Estate Activity Report

During the 1st quarter of 2016, real estate activity in Milton saw increases in both total sales volume and average sales price.

 

There was an 8% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Milton during the 1st quarter 2016. 1,211 land documents were recorded versus 1,120 during the first quarter 2015.  

 

The total volume of real estate sales in Milton during the 1st quarter 2016 was $54,847,681, a 54% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 10% in Milton. The average sale price was $685,596. 

 

The number of mortgages recorded (314) on Milton properties during the 1st quarter 2016 was up 3% from the previous year. Total mortgage indebtedness also increased by 31% to $142,488,563 during the same period.

 

There was 1 foreclosure deed filed against a Milton property during 1st quarter 2016, the same number filed during the 1st quarter 2015. 

 

Finally, homestead activity increased 41% in Milton during the 1st quarter 2016 with 106 homesteads filed compared to 75 during the same time period in 2015.

The Norfolk County Registry of Deeds will be closed on Thursday, July 4th in celebration of Independence Day. We are open Friday, July 5th.

The Norfolk County Registry of Deeds is closed Today, July 4th in celebration of Independence Day. We are open Friday, July 5th.