Braintree, MA 2nd Quarter 2018 Real Estate Activity Report

During the 2nd quarter of 2018, real estate activity in Braintree saw an increase in total sales volume but a decrease in average sales price.

 

There was an 8% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Braintree during the 2nd quarter 2018. 1,789 land documents were recorded versus 1,653 during the second quarter 2017.  

 

The total volume of real estate sales in Braintree during the 2nd quarter 2018 was $101,056,465, a 23% increase from the same time period in 2017. However, the average sale price of homes and commercial property fell 4% in Braintree. The average sale price was $567,732. 

 

The number of mortgages recorded (407) on Braintree properties during the 2nd quarter 2018 was up 8% from the previous year. Also, total mortgage indebtedness increased by 16% to $257,480,537 during the same period.

 

There were 2 foreclosure deeds filed against Braintree properties during the 2nd quarter 2018 compared to 1 foreclosure deed filed during the 2nd quarter 2017. 

 

Finally, homestead activity increased 8% in Braintree during the 2nd quarter 2018 with 188 homesteads filed compared to 174 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.