During 2016, real estate activity in Brookline saw decreases in both total sales volume and average sales price.
There was a negligible increase in the number of land documents recorded at the Norfolk County Registry of Deeds for Brookline during 2016. 10,767 land documents were recorded versus 10,751 during 2015.
The total volume of real estate sales, both residential and commercial, in Brookline during 2016 was $1,144,463,467, a 9% decrease from 2015. The average sale price of homes and commercial property was also down 3% in Brookline. The average sale was $1,320,027.
The number of mortgages recorded (2,327) on Brookline properties in 2016 was up 3% from the previous year. Total mortgage indebtedness also increased 11% to $1,842,120,305 during the same period.
There were 4 foreclosure deeds filed against Brookline properties during 2016, representing a 100% decrease from the previous year where there was 2 foreclosure deeds filed.
Finally, homestead activity decreased 5% in Brookline during 2016 with 835 homesteads filed compared to 882 in 2015.