During the 2nd quarter of 2019, real estate activity in Holbrook saw decreases in both total sales volume and average sales price.
There was a 12% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Holbrook during the 2nd quarter 2019. 508 land documents were recorded versus 579 during the second quarter 2018.
The total volume of real estate sales in Holbrook during the 2nd quarter 2019 was $20,348,068, a 27% decrease from the same time period in 2018. Also, the average sale price of homes and commercial property decreased 18% in Holbrook. The average sale price was $442,349.
The number of mortgages recorded (106) on Holbrook properties during the 2nd quarter 2019 was up 8% from the 2nd quarter 2018. However, total mortgage indebtedness decreased 65% to $122,183,478 during the same period.
There were 0 foreclosure deeds filed against Holbrook properties during the 2nd quarter 2019, compared to 4 filed during the 2nd quarter 2018.
Finally, homestead activity decreased 10% in Holbrook during the 2nd quarter 2019 with 47 homesteads filed compared to 52 recorded during the same time period in 2018.