During the 3rd quarter of 2018, real estate activity in Milton saw a decrease in total sales volume but an increase in average sales price.
There was a 10% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Milton during the 3rd quarter 2018. 1,299 land documents were recorded versus 1,448 during the third quarter 2017.
The total volume of real estate sales in Milton during the 3rd quarter 2018 was $83,869,386, an 8% decrease from the same time period in 2017. However, the average sale price of homes and commercial property increased 5% in Milton. The average sale price was $762,448.
The number of mortgages recorded (293) on Milton properties during the 3rd quarter 2018 was down 10% from the previous year. Also, total mortgage indebtedness decreased 20% to $103,707,629 during the same time period.
There were 3 foreclosure deeds filed against Milton properties during the 3rd quarter 2018, the same number recorded during the 3rd quarter 2017.
Finally, homestead activity decreased 22% in Milton during the 3rd quarter 2018 with 119 homesteads filed compared to 152 during the same time period in 2017.