During the 1st quarter of 2018, real estate activity in Holbrook saw a decrease in total sales volume but an increase in average sales price.
There was a 9% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Holbrook during the 1st quarter 2018. 543 land documents were recorded versus 595 during the first quarter 2017.
The total volume of real estate sales in Holbrook during the 1st quarter 2018 was $12,815,845, a 15% decrease from the same time period in 2017. However, the average sale price of homes and commercial property increased 12% in Holbrook. The average sale price was $328,611.
The number of mortgages recorded (101) on Holbrook properties during the 1st quarter 2018 was the exact same number recorded during the 1st quarter 2017. However, total mortgage indebtedness increased by 48% to $31,723,258 during the same period.
There were 2 foreclosure deeds filed against Holbrook properties during 1st quarter 2018, compared to 3 foreclosure deeds recorded during the 1st quarter 2017.
Finally, homestead activity decreased 2% in Holbrook during the 1st quarter 2018 with 40 homesteads filed compared to 41 during the same time period in 2017.