During the 1st quarter of 2017, real estate activity in Braintree saw decreases in both total sales volume and average sales price.
There was a 1% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Braintree during the 1st quarter 2017. 1,642 land documents were recorded versus 1,657 during the first quarter 2016.
The total volume of real estate sales in Braintree during the 1st quarter 2017 was $51,283,486, a 28% decrease from the same time period in 2016. Also, the average sale price of homes and commercial property decreased 33% in Braintree. The average sale price was $483,806.
The number of mortgages recorded (327) on Braintree properties during the 1st quarter 2017 was down 17% from the previous year. However, total mortgage indebtedness increased by 59% to $254,921,325 during the same period.
There was 1 foreclosure deed filed against a Braintree property during the 1st quarter 2017 compared to 4 foreclosure deed filings during the 1st quarter 2016.
Finally, homestead activity decreased 7% in Braintree during the 1st quarter 2017 with 125 homesteads filed compared to 134 during the same time period in 2016.