During the 1st quarter of 2018, real estate activity in Millis saw decreases in both total sales volume and average sales price.
There was a 22% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Millis during the 1st quarter 2018. 366 land documents were recorded versus 472 during the first quarter 2017.
The total volume of real estate sales in Millis during the 1st quarter 2018 was $12,555,470, a 15% decrease from the same time period in 2017. Also, the average sale price of homes and commercial property decreased 5% in Millis. The average sale price was $358,727.
The number of mortgages recorded (65) on Millis properties during the 1st quarter 2018 was down 22% from the previous year. Total mortgage indebtedness also decreased 20% to $18,363,007 during the same period.
There were 2 foreclosure deeds filed against Millis properties during the 1st quarter 2018, the same number recorded during the 1st quarter 2017.
Finally, homestead activity decreased 9% in Millis during the 1st quarter 2018 with 32 homesteads filed compared to 35 during the same time period in 2017.