During the 3rd quarter of 2017, real estate activity in Milton saw increases in both total sales volume and 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 during the 3rd quarter 2017. 1,448 land documents were recorded versus 1,620 during the third quarter 2016.
The total volume of real estate sales in Milton during the 3rd quarter 2017 was $91,156,268, a 12% increase from the same time period in 2016. Also, the average sale price of homes and commercial property increased 5% in Milton. The average sale price was $729,250.
The number of mortgages recorded (324) on Milton properties during the 3rd quarter 2017 was down 25% from the previous year. Total mortgage indebtedness also decreased 19% to $129,763,332 during the same period.
There were 3 foreclosure deeds filed against Milton properties during the 3rd quarter 2017 compared to 1 filing during the 3rd quarter 2016.
Finally, homestead activity increased 9% in Milton during the 3rd quarter 2017 with 152 homesteads filed compared to 140 during the same time period in 2016.