During the 2nd quarter of 2018, real estate activity in Millis saw significant increases in both total sales volume and average sales price.
There was a 1% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Millis during the 2nd quarter 2018. 472 land documents were recorded versus 479 during the second quarter 2017.
The total volume of real estate sales in Millis during the 2nd quarter 2018 was $44,216,528, a 104% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 146% in Millis. The average sale price was $1,004,921. These numbers were impacted by 2 $14 million commercial real estate transactions recorded on 5/2/18.
The number of mortgages recorded (103) on Millis properties during the 2nd quarter 2018 was up 8% from the previous year. However, total mortgage indebtedness decreased 5% to $23,475,083 during the same period.
There was 1 foreclosure deed filed against a Millis property during the 2nd quarter 2018 compared to 2 foreclosure deeds filed during the 2nd quarter 2017.
Finally, homestead activity decreased 13% in Millis during the 2nd quarter 2018 with 48 homesteads filed compared to 55 during the same time period in 2017.