During the 1st quarter of 2019, real estate activity in Braintree saw increases in both total sales volume and average sales price.
There was no statistical change in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Braintree during the 1st quarter 2019. 1,284 land documents were recorded versus 1,280 during the first quarter 2018.
The total volume of real estate sales in Braintree during the 1st quarter 2019 was $73,377,203, a 22% increase from the same time period in 2018. Also, the average sale price of homes and commercial property was up 3% in Braintree. The average sale price was $712,400.
The number of mortgages recorded (227) on Braintree properties during the 1st quarter 2019 was down 11% from the previous year. Also, total mortgage indebtedness decreased by 38% to $66,156,759 during the same period.
There was 1 foreclosure deed filed against a Braintree property during the 1st quarter 2019 compared to 5 foreclosure deeds filed during the 1st quarter 2018.
Finally, homestead activity increased 16% in Braintree during the 1st quarter 2019 with 128 homesteads filed compared to 110 recorded during the same time period in 2018.