Braintree Real Estate Activity Report
January 1, 2014 - December 31, 2014
During 2014, real estate activity in Braintree saw increases in total volume and average sales price.
There was a 25% decrease in documents recorded at the Norfolk County Registry of Deeds for Braintree in 2014, resulting in a reduction of 2,251 documents from 8,950 to 6,699.
The total volume of real estate sales in Braintree during 2014 was $282,352,022 which showed an 11% increase from 2013. The average sale price of homes and commercial property was up by 20% in Braintree. The average sale was $496,224.
The number of mortgages recorded (1,495) on Braintree properties in 2014 was down by 26% from the previous year. Total mortgage indebtedness actually increased a significant 151% to $2,949,799,793 during the same period.
There were 11 foreclosure deeds filed in Braintree during 2014, representing an 83% increase from the previous year when there was 6 foreclosure deeds filed.
Finally, homestead activity decreased 17% in Braintree during 2014 with 634 homesteads filed compared to 760 in 2013.