During 2018, real estate activity in Brookline saw increases in both total sales volume and average sales price.
There was a 10% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds for Brookline during 2018. 8,437 land documents were recorded versus 9,377 during 2017.
The total volume of real estate sales, both residential and commercial, in Brookline during 2018 was $1,195,992,135, a 17% increase from 2017. The average sale price of homes and commercial property was also up 25% in Brookline. The average sale was $1,575,747.
The number of mortgages recorded (1,485) on Brookline properties in 2018 was down 16% from the previous year. However, total mortgage indebtedness increased 41% to $1,884,195 during the same period.
There were 3 foreclosure deeds filed against Brookline properties during 2018, compared to 4 foreclosure deeds recorded in 2017.
Finally, homestead activity decreased 8% in Brookline during 2018 with 712 homesteads filed compared to 777 in 2017.