Brookline, MA Real Estate Activity Report
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July 1, 2015 - September 30, 2015
Real Estate activity in Brookline during the 3rd quarter of 2015 saw increases in both total real estate sales volume and borrowing.
There was a 19% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Brookline during the 3rd quarter of 2015. 3,241 land documents were recorded versus 2,728 during the 3rd quarter of 2014.
The total dollar volume of real estate sales in Brookline during the 3rd quarter of 2015 was $457,071,836, a 50% increase over 2014 3rd quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $1,368,478, a 23% increase from the same time period in 2014.
The number of mortgages recorded against Brookline properties during the 3rd quarter of 2015 was 620, a 14% increase from the 3rd quarter 2014 number. Total mortgage indebtedness was $569,683,592 for the quarter compared to $402,992,196 for the 3rd quarter 2014.
There was 1 foreclosure deed filed against Brookline property during the 3rd quarter 2015.
Finally, homestead activity increased in Brookline during the 3rd quarter 2015 with 295 Homesteads recorded representing a 23% increase from the 3rd quarter 2014 total of 240.