Sale Prices Lag Behind Closings as Millville Deed Volume Holds Steady

MILLVILLE -- Twelve residential deeds were recorded in Millville between Aug. 28 and Sept. 26, but pricing data had reached the registry for just one of those transactions as of this report, leaving most of the month's sale prices still pending.

MARKET OVERVIEW Twelve sales were recorded in Millville during the period. Only one carried a sale price at the time of this report: $55,460, recorded Sept. 11. Because pricing data was available for just that single transaction, the reported range, $55,460 to $55,460, and the reported median, $55,460, reflect that one sale only and are not representative of the broader month's market. Prices for the remaining 11 transactions had not yet reached the registry as of this report; sale prices for recorded deeds typically post within about a week, so most of this period's figures are expected to become available in the coming days. Based on the raw count alone, 12 recorded deeds over four weeks is a measurable pace of activity for Millville, though without comparable data from prior periods this report cannot say whether that represents more or less activity than usual.

TOP SALES Only one of the 12 recorded transfers included a sale price at the time of this report. That sale, at a Millville property for which the deed record did not specify a street address, closed for $55,460 on Sept. 11. Todd Forget and Sherrie L. Forget were listed as sellers; Blackstone River Federal Credit Union was the buyer. The remaining 11 sales, at 13 Lincoln St., 38 Bazeley Ave., 36 Cork Cir., 130 Grove St., 62 Prospect St., 70 Prospect St., 155 Hill St., 7 Kempton Rd., 62 Quaker St., 136 Thayer St. and 107 Central St., had no price on file as of this report. Prices for those properties are expected to post to the registry in the coming days.

NEIGHBORHOOD BREAKDOWN Prospect Street saw two transfers during the period: 62 Prospect St., recorded Sept. 8 with Bank of America NA and First American Mortgage Solutions LLC as sellers, and 70 Prospect St., recorded Sept. 3 with Robert T. Yasick and Bonnie L. Yasick as sellers. No other street had more than one recorded transfer in this period. The remaining nine sales were spread across Lincoln, Bazeley, Cork, Grove, Hill, Kempton, Quaker, Thayer and Central streets, plus one transfer recorded to a Millville address without a listed street. Because sale prices are not yet available for 11 of the 12 transactions, a breakdown by price tier is not yet possible for this period.

MARKET NOTES Eight of the 12 recorded transfers listed a bank, credit union or mortgage-servicing entity as a buyer or seller, including Bank of America NA, Citizens Bank NA, Milford Federal Bank, Navigant Credit Union and Blackstone River Federal Credit Union, along with Mortgage Electronic Registration Systems Inc. paired with Better Mortgage Corp. and First American Mortgage Solutions LLC. Two of those transfers, the priced sale at the unlisted Millville address and the transfer at 36 Cork Cir., both list Todd Forget and Blackstone River Federal Credit Union among the parties. Two other transfers, at 38 Bazeley Ave. and 155 Hill St., listed sellers identified as trustees: Amy Thistle and, respectively, Joseph Laurence Vecchione and Lorry Ann Vecchione. Beds, baths and square footage were not available in this data set, so no price-per-square-foot or property-type comparisons could be made for this period.

Recorded Deeds

Source: Registry of Deeds. Sale amounts shown as recorded; transfers without a disclosed consideration are noted as such.

Compiled from official town feeds, community organizations, and local press. Outside reporting is attributed inline.