During the 3rd quarter of 2019, real estate activity in Milton saw increases in both total sales volume and average sales price.
There was an 18% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Milton during the 3rd quarter 2019. 1,532 land documents were recorded versus 1,299 during the third quarter 2018.
The total volume of real estate sales in Milton during the 3rd quarter 2019 was $110,178,066, a 31% increase from the same time period in 2018. Also, the average sale price of homes and commercial property increased 17% in Milton. The average sale price was $888,532.
The number of mortgages recorded (401) on Milton properties during the 3rd quarter 2019 increased 37% compared to the same time period in 2018. Also, total mortgage indebtedness increased 88% to $194,683,051.
There was 1 foreclosure deed filed against a Milton property during the 3rd quarter 2019, compared to 3 foreclosure deeds recorded during the 3rd quarter 2018.
Finally, homestead activity increased 18% in Milton during the 3rd quarter 2019 with 141 homesteads filed compared to 119 during the same time period in 2018.