During 2015, real estate activity in Holbrook saw increases in both total 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 Holbrook in 2015. 2,470 land documents were recorded versus 2,100 in 2014.
The total volume of real estate sales in Holbrook during 2015 was $72,023,262, a 37% increase from 2014. The average sales price of homes and commercial property was up by 33% in Holbrook. The average sale price was $389,314.
The number of mortgages recorded (459) on Holbrook properties in 2015 was up 23% from the previous year. Total mortgage indebtedness also increased by 124% to $232,345,562 during the same period.
There were 20 foreclosure deeds filed against Holbrook properties during 2015, representing a 150% increase from the previous year when there were 8 foreclosure deeds filed.
Finally, homestead activity increased by 6% in Holbrook during 2015 with 169 homesteads filed compared to 160 in 2014.