Milton, MA 3rd Quarter 2016 Real Estate Activity Report

During the 3rd quarter of 2016, real estate activity in Milton saw no change in total sales volume but an increase in average sales price.

 

There was a 5% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Milton during the 3rd quarter 2016. 1,621 land documents were recorded versus 1,539 during the third quarter 2015.  

 

The total volume of real estate sales in Milton during the 3rd quarter 2016 was $81,699,840, a 0% increase from the same time period in 2015. However, the average sale price of homes and commercial property increased 9% in Milton. The average sale price was $692,371. 

 

The number of mortgages recorded (434) on Milton properties during the 3rd quarter 2016 was up 20% from the previous year. Total mortgage indebtedness for the quarter was $160,129,908, a 24% increase from the same time period in 2015.  

 

There was 1 foreclosure deed filed against a Milton property during the 3rd quarter 2016, compared to 2 foreclosure deeds filed during the 3rd quarter 2015. 

 

Finally, homestead activity decreased 5% in Milton during the 3rd quarter 2016 with 140 homesteads filed compared to 147 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.