During 2018, real estate activity in Milton saw a decrease in total sales volume but an increase in average sales price.
There was an 11% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Milton in 2018. 4,818 land documents were recorded versus 5,404 in 2017.
The total volume of real estate sales in Milton during 2018 was $290,707,650, a 6% decrease from 2017. However, the average sales price of homes and commercial property was up 8% in Milton. The average sale price was $787,825.
The number of mortgages recorded (1,120) on Milton properties in 2018 was down 11% from the previous year. Total mortgage indebtedness also decreased by 11% to $413,353,665 during the same period.
There were 6 foreclosure deeds filed against Milton properties during 2018, representing a 25% decrease from the previous year when there were 8 foreclosure deeds filed.
Finally, homestead activity decreased 12% in Milton during 2018 with 458 homesteads filed compared to 519 in 2017.