During 2014, real estate activity in Brookline saw increases in total volume and average sales price.
There was a 32% decrease in documents recorded at the Norfolk County Registry of Deeds for Brookline in 2014, resulting in a reduction of 4,416 documents from 13,726 to 9,310.
The total volume of real estate sales in Brookline during 2014 was $1,020,084,935 which showed a 2% increase from 2013. The average sale price of homes and commercial property was up by 14% in Brookline. The average sale was $1,194,478.
The number of mortgages recorded (1,793) on Brookline properties in 2014 was down by 40% from the previous year. Total mortgage indebtedness also decreased by 8% to $1,520,538,234 during the same period.
There were 3 foreclosure deeds filed in Brookline during 2014, representing a 50% increase from the previous year where there was 2 foreclosure deeds filed.
Finally, homestead activity decreased 19% in Brookline during 2014 with 797 homesteads filed compared to 978 in 2013.