Braintree, MA 2nd Quarter 2019 Real Estate Activity Report

During the 2nd quarter of 2019, real estate activity in Braintree saw decreases in both total sales volume and average sales price.

 

There was a 3% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Braintree during the 2nd quarter 2019. 1,724 land documents were recorded versus 1,774 during the second quarter 2018.  

 

The total volume of real estate sales in Braintree during the 2nd quarter 2019 was $84,893,837, a 16% decrease from the same time period in 2018. Also, the average sale price of homes and commercial property was down 2% in Braintree. The average sale price was $558,512. 

 

The number of mortgages recorded (413) on Braintree properties during the 2nd quarter 2019 was up 2% from the previous year. However, total mortgage indebtedness decreased by 47% to $136,099,657 during the same period.

 

There were 2 foreclosure deeds filed against Braintree properties during the 2nd quarter 2019, the same number filed during the 2nd quarter 2018. 

 

Finally, homestead activity was flat in Braintree during the 2nd quarter 2019 with 188 homesteads filed, the same number recorded during the same time period in 2018.

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.