During the 1st quarter of 2017, real estate activity in Brookline saw a decrease in total sales volume but a small increase in average sales price.
There was a 1% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Brookline during the 1st quarter 2017. 2,061 land documents were recorded versus 2,079 during the first quarter 2016.
The total volume of real estate sales in Brookline during the 1st quarter 2017 was $195,378,523, a 2% decrease from the same time period in 2016. However, the average sale price of homes and commercial property increased 1% in Brookline. The average sale price was $1,480,140.
The number of mortgages recorded (419) on Brookline properties during the 1st quarter 2017 was down 11% from the previous year. Total mortgage indebtedness also decreased by 41% to $262,345,449 during the same period.
There were 2 foreclosure deeds filed against Brookline properties during 1st quarter 2017 compared to 0 filings during the 1st quarter 2016.
Finally, homestead activity increased 7% in Brookline during the 1st quarter 2017 with 152 homesteads filed compared to 142 during the same time period in 2016.