During the 1st quarter of 2019, real estate activity in Millis saw a decrease in total sales volume but an increase in average sales price.
There was a 20% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Millis during the 1st quarter 2019. 291 land documents were recorded versus 366 during the first quarter 2018.
The total volume of real estate sales in Millis during the 1st quarter 2019 was $7,548,440, a 40% decrease from the same time period in 2018. However, the average sale price of homes and commercial property in Millis was $444,025, a 24% increase year over year.
The number of mortgages recorded (58) on Millis properties during the 1st quarter 2019 was down 11% from the previous year. Also, total mortgage indebtedness decreased 12% to $16,219,108 during the same period.
There were 2 foreclosure deeds filed against Millis properties during the 1st quarter 2019, the same number recorded during the 1st quarter 2018.
Finally, homestead activity decreased 16% in Millis during the 1st quarter 2019 with 27 homesteads filed compared to 32 during the same time period in 2018.