During the 1st quarter of 2019, real estate activity in Milton 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 Milton during the 1st quarter 2019. 876 land documents were recorded versus 1,090 during the first quarter 2018.
The total volume of real estate sales in Milton during the 1st quarter 2019 was $43,417,608, a 17% decrease from the same time period in 2018. However, the average sale price of homes and commercial property increased 6% in Milton. The average sale price was $851,325.
The number of mortgages recorded (203) on Milton properties during the 1st quarter 2019 was down 15% from the previous year. Also, total mortgage indebtedness decreased 20% to $78,444,120 during the same time period.
There was 1 foreclosure deed filed against a Milton property during the 1st quarter 2019, compared to 2 foreclosure deeds recorded during the 1st quarter 2018.
Finally, homestead activity decreased 20% in Milton during the 1st quarter 2019 with 74 homesteads filed compared to 92 during the same time period in 2018.