During 2018, real estate activity in Holbrook saw increases in both total sales volume and average sales price.
There was a 14% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Holbrook in 2018. 2,261 land documents were recorded versus 2,638 in 2017.
The total volume of real estate sales in Holbrook during 2018 was $84,383,105, a 15% increase from 2017. Also, the average sales price of homes and commercial property was up 36% in Holbrook. The average sale price was $437,218.
The number of mortgages recorded (402) on Holbrook properties in 2018 was down 20% from the previous year. However, total mortgage indebtedness increased by 163% to $437,650,535 during the same period. This figure was impacted by a $325 million commercial property mortgage recorded on 5//1/18.
There were 11 foreclosure deeds filed against Holbrook properties during 2018, the same number recorded in 2017.
Finally, homestead activity decreased 7% in Holbrook during 2018 with 196 homesteads filed compared to 210 in 2017.