During 2016, real estate activity in Holbrook saw an increase in total sales volume but a decrease in average sales price.
There was a 3% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Holbrook in 2016. 2,548 land documents were recorded versus 2,470 in 2015.
The total volume of real estate sales in Holbrook during 2016 was $80,173,277, an 11% increase from 2015. However, the average sales price of homes and commercial property was down 2% in Holbrook. The average sale price was $381,777.
The number of mortgages recorded (484) on Holbrook properties in 2016 was up 5% from the previous year. However, total mortgage indebtedness decreased by 52% to $110,688,292 during the same period.
There were 18 foreclosure deeds filed against Holbrook properties during 2016, representing a 10% decrease from the previous year when there were 20 foreclosure deeds filed.
Finally, homestead activity increased by 15% in Holbrook during 2016 with 195 homesteads filed compared to 169 in 2015.