During 2017, real estate activity in Brookline saw decreases in both total sales volume and average sales price.
There was a 13% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds for Brookline during 2017. 9,379 land documents were recorded versus 10,758 during 2016.
The total volume of real estate sales, both residential and commercial, in Brookline during 2017 was $1,023,493,727, an 11% decrease from 2016. The average sale price of homes and commercial property was also down 4% in Brookline. The average sale was $1,263,572.
The number of mortgages recorded (1,768) on Brookline properties in 2017 was down 24% from the previous year. Total mortgage indebtedness also decreased 28% to $1,335,386,419 during the same period.
There were 4 foreclosure deeds filed against Brookline properties during 2017, the same number recorded in 2016.
Finally, homestead activity decreased 7% in Brookline during 2017 with 777 homesteads filed compared to 835 in 2016.