Braintree, MA 2nd Quarter 2016 Real Estate Activity Report

During the 2nd quarter of 2016, real estate activity in Braintree saw an increase in total sales volume but a decrease in average sales price.

 

There was a 13% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Braintree during the 2nd quarter 2016. 2,038 land documents were recorded versus 1,801 during the second quarter 2015.  

 

The total volume of real estate sales in Braintree during the 2nd quarter 2016 was $82,646,949, an 18% increase from the same time period in 2015. However, the average sale price of homes and commercial property decreased 4% in Braintree. The average sale price was $507,036.  

 

The number of mortgages recorded (498) on Braintree properties during the 2nd quarter 2016 was up 18% from the previous year. Total mortgage indebtedness also increased a significant 892% to $1,132,019,978 during the same period.

 

There were 5 foreclosure deeds filed against Braintree properties during 2nd quarter 2016 compared to 2 foreclosure deed filings during the 2nd quarter 2015. 

 

Finally, homestead activity increased 18% in Braintree during the 2nd quarter 2016 with 193 homesteads filed compared to 164 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.