Braintree, MA 2nd Quarter 2017 Real Estate Activity Report

During the 2nd quarter of 2017, real estate activity in Braintree saw no change in total sales volume and an increase in average sales price.

 

There was a 19% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Braintree during the 2nd quarter 2017. 1,652 land documents were recorded versus 2,037 during the second quarter 2016.  

 

The total volume of real estate sales in Braintree during the 2nd quarter 2017 was $82,319,962, a 0% change from the same time period in 2016. Also, the average sale price of homes and commercial property increased 17% in Braintree. The average sale price was $592,229. 

 

The number of mortgages recorded (376) on Braintree properties during the 2nd quarter 2017 was down 24% from the previous year. Also, total mortgage indebtedness decreased by 80% to $221,494,562 during the same period.

 

There was 1 foreclosure deed filed against a Braintree property during the 2nd quarter 2017 compared to 5 foreclosure deed filings during the 2nd quarter 2016. 

 

Finally, homestead activity decreased 10% in Braintree during the 2nd quarter 2017 with 174 homesteads filed compared to 193 during the same time period in 2016.

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.