During the 2nd quarter of 2017, real estate activity in Brookline saw increases in both total sales volume and average sales price.
There was a 6% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Brookline during the 2nd quarter 2017. 2,609 land documents were recorded versus 2,778 during the second quarter 2016.
The total volume of real estate sales in Brookline during the 2nd quarter 2017 was $318,926,238, an 8% increase from the same time period in 2016. Also, the average sale price of homes and commercial property increased 9% in Brookline. The average sale price was $1,250,691.
The number of mortgages recorded (503) on Brookline properties during the 2nd quarter 2017 was down 17% from the previous year. Total mortgage indebtedness also decreased 6% to $384,324,117 during the same period.
There was 1 foreclosure deed filed against a Brookline property during the 2nd quarter 2017, the same number filed during the 2nd quarter 2016.
Finally, homestead activity decreased 1% in Brookline during the 2nd quarter 2017 with 232 homesteads filed compared to 234 during the same time period in 2016.