Milton, MA 2nd Quarter 2016 Real Estate Activity Report

During the 2nd quarter of 2016, real estate activity in Milton saw increases in both total sales volume and average sales price.

 

There was an 1% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Milton during the 2nd quarter 2016. 1,525 land documents were recorded versus 1,517 during the second quarter 2015.  

 

The total volume of real estate sales in Milton during the 2nd quarter 2016 was $88,049,088, a 24% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 11% in Milton. The average sale price was $759,043. 

 

The number of mortgages recorded (398) on Milton properties during the 2nd quarter 2016 was up 2% from the previous year. Total mortgage indebtedness for the quarter was $145,876,009, no percentage change from the same time period in 2015.  

 

There were 3 foreclosure deeds filed against Milton properties during 2nd quarter 2016, compared to 1 foreclose deed filed during the 2nd quarter 2015. 

 

Finally, homestead activity increased 3% in Milton during the 2nd quarter 2016 with 129 homesteads filed compared to 125 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.