Braintree, MA 2014 Real Estate Activity Report

Braintree Real Estate Activity Report

January 1, 2014 – December 31, 2014


 


During 2014, real estate activity in Braintree saw increases in total volume and average sales price.


There was a 25% decrease in documents recorded at the Norfolk County Registry of Deeds for Braintree in 2014, resulting in a reduction of 2,251 documents from 8,950 to 6,699.


The total volume of real estate sales in Braintree during 2014 was $282,352,022 which showed an 11% increase from 2013. The average sale price of homes and commercial property was up by 20% in Braintree. The average sale was $496,224.


The number of mortgages recorded (1,495) on Braintree properties in 2014 was down by 26% from the previous year. Total mortgage indebtedness actually increased a significant 151% to $2,949,799,793 during the same period.


There were 11 foreclosure deeds filed in Braintree during 2014, representing an 83% increase from the previous year when there was 6 foreclosure deeds filed.


Finally, homestead activity decreased 17% in Braintree during 2014 with 634 homesteads filed compared to 760 in 2013.

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.