Braintree, MA 1st Quarter 2018 Real Estate Activity Report

During the 1st quarter of 2018, real estate activity in Braintree saw increases in both total sales volume and average sales price.

 

There was a 22% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Braintree during the 1st quarter 2018. 1,280 land documents were recorded versus 1,645 during the first quarter 2017.  

 

The total volume of real estate sales in Braintree during the 1st quarter 2018 was $60,317,771, an 18% increase from the same time period in 2017. Also, the average sale price of homes and commercial property increased 43% in Braintree. The average sale price was $693,307. 

 

The number of mortgages recorded (256) on Braintree properties during the 1st quarter 2018 was down 22% from the previous year. Also, total mortgage indebtedness decreased by 58% to $107,513,096 during the same period.

 

There were 5 foreclosure deeds filed against Braintree properties during the 1st quarter 2018 compared to 1 foreclosure deed filing during the 1st quarter 2017. 

 

Finally, homestead activity decreased 12% in Braintree during the 1st quarter 2018 with 256 homesteads filed compared to 327 during the same time period in 2017.

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.