During 2017, real estate activity in Holbrook saw decreases in both total sales volume and average sales price.
There was a 3% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Holbrook in 2017. 2,632 land documents were recorded versus 2,552 in 2016.
The total volume of real estate sales in Holbrook during 2017 was $73,439,731, a 9% decrease from 2016. Also, the average sales price of homes and commercial property was down 17% in Holbrook. The average sale price was $320,697.
The number of mortgages recorded (503) on Holbrook properties in 2017 was up 4% from the previous year. In addition, total mortgage indebtedness increased by 47% to $163,137,262 during the same period.
There were 11 foreclosure deeds filed against Holbrook properties during 2017, representing a 39% decrease from the previous year when there were 18 foreclosure deeds filed.
Finally, homestead activity increased 8% in Holbrook during 2017 with 210 homesteads filed compared to 195 in 2016.