During the 2nd quarter of 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 during the 2nd quarter 2018. 579 land documents were recorded versus 671 during the second quarter 2017.
The total volume of real estate sales in Holbrook during the 2nd quarter 2018 was $27,358,868, a 49% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 57% in Holbrook. The average sale price was $536,448. These numbers were impacted by a $10.4 million commercial sale that was recorded on 5/1/18.
The number of mortgages recorded (98) on Holbrook properties during the 2nd quarter 2018 was down 29% from the 2nd quarter 2017. However, total mortgage indebtedness increased 960% to $348,864,345 during the same period. These numbers were impacted by a $325 million commercial mortgage recorded on 5/1/18.
There were 4 foreclosure deeds filed against Holbrook properties during the 2nd quarter 2018, the same number recorded during the 2nd quarter 2017.
Finally, homestead activity decreased 13% in Holbrook during the 2nd quarter 2018 with 52 homesteads filed compared to 60 recorded during the same time period in 2017.