Brookline, MA 3rd Quarter 2016 Real Estate Activity Report

During the 3rd quarter of 2016, real estate activity in Brookline saw a decrease in total sales volume but an increase in average sales price.

 

There was a 3% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Brookline during the 3rd quarter 2016. 3,150 land documents were recorded versus 3,241 during the third quarter 2015.  

 

The total volume of real estate sales in Brookline during the 3rd quarter 2016 was $401,953,163, a 12% decrease from the same time period in 2015. However, the average sale price of homes and commercial property increased 6% in Brookline. The average sale price was $1,445,874. 

 

The number of mortgages recorded (677) on Brookline properties during the 3rd quarter 2016 was up 9% from the previous year. However, total mortgage indebtedness decreased by 6% to $534,851,992 during the same period.

 

There were 3 foreclosure deeds filed against Brookline properties during the 3rd quarter 2016, compared to 1 foreclosure deed filed during the 3rd quarter 2015. 

 

Finally, homestead activity decreased 13% in Brookline during the 3rd quarter 2016 with 257 homesteads filed compared to 295 during the same time period in 2015.

The Norfolk County Registry of Deeds will be closed on Thursday, July 4th in celebration of Independence Day. We are open Friday, July 5th.

The Norfolk County Registry of Deeds is closed Today, July 4th in celebration of Independence Day. We are open Friday, July 5th.