During 2014, real estate activity in Holbrook saw increases in total volume and average sales price.
There was a 14% decrease in documents recorded at the Norfolk County Registry of Deeds for Holbrook in 2014, resulting in a reduction of 338 documents from 2,438 to 2,100.
The total volume of real estate sales in Holbrook during 2014 was $52,504,578 which showed a 21% increase from 2013. The average sales price of homes and commercial property was up by 11% in Holbrook. The average sale was $291,692.
The number of mortgages recorded (373) on Holbrook properties in 2014 was down by 22% from the previous year. Total mortgage indebtedness also decreased by 11% to $103,820,303 during the same period.
There were 8 foreclosure deeds filed in Holbrook during 2014, representing a 700% increase from the previous year when there was 1 foreclosure deed filed.
Finally, homestead activity decreased by 8% in Holbrook during 2014 with 160 homesteads filed compared to 174 in 2013.