Braintree, MA 1st Quarter 2016 Real Estate Activity Report

During the 1st quarter of 2016, real estate activity in Braintree saw decreases in both total sales volume and average sales price.

 

There was a 7% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Braintree during the 1st quarter 2016. 1,657 land documents were recorded versus 1,551 during the first quarter 2015.  

 

The total volume of real estate sales in Braintree during the 1st quarter 2016 was $71,089,416, a 7% decrease from the same time period in 2015. Also, the average sale price of homes and commercial property decreased 18% in Braintree. The average sale price was $725,402. 

 

The number of mortgages recorded (396) on Braintree properties during the 1st quarter 2016 was up 5% from the previous year. Total mortgage indebtedness also increased by 50% to $160,715,218 during the same period.

 

There were 4 foreclosure deeds filed against Braintree properties during 1st quarter 2016 compared to 2 foreclosure deed filings during the 1st quarter 2015. 

 

Finally, homestead activity increased 29% in Braintree during the 1st quarter 2016 with 134 homesteads filed compared to 104 during the same time period in 2015.

The Norfolk County Registry of Deeds will be closed on Thursday, July 4th in celebration of Independence Day. We are open Friday, July 5th.

The Norfolk County Registry of Deeds is closed Today, July 4th in celebration of Independence Day. We are open Friday, July 5th.