During the 3rd quarter of 2018, real estate activity in Holbrook saw increases in both total sales volume and average sales price.
There was a 10% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Holbrook during the 3rd quarter 2018. 574 land documents were recorded versus 638 during the third quarter 2017.
The total volume of real estate sales in Holbrook during the 3rd quarter 2018 was $20,728,736, a 12% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 16% in Holbrook. The average sale price was $376,886.
The number of mortgages recorded (105) on Holbrook properties during the 3rd quarter 2018 was down 13% from the 3rd quarter 2017. Also, total mortgage indebtedness decreased 20% to $28,626,326 during the same period.
There were 4 foreclosure deeds filed against Holbrook properties during the 3rd quarter 2018, compared to 3 filed during the 3rd quarter 2017.
Finally, homestead activity increased 6% in Holbrook during the 3rd quarter 2018 with 55 homesteads filed compared to 52 recorded during the same time period in 2017.