During 2015, real estate activity in Braintree saw increases in both total volume and average sales price.
There was a 9% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Braintree during 2015. 7,325 land documents were recorded versus 6,701 during 2014.
The total volume of real estate sales in Braintree during 2015 was $388,729,186, a 38% increase from 2014. The average sale price of homes and commercial property was up 35% in Braintree. The average sale was $671,380.
The number of mortgages recorded (1,673) on Braintree properties in 2015 was up 12% from the previous year. Total mortgage indebtedness actually decreased 63% to $1,086,759,911 during the same period.
There were 6 foreclosure deeds filed against Braintree properties during 2015, representing a 45% decrease from the previous year when there were 11 foreclosure deeds filed.
Finally, homestead activity increased 6% in Braintree during 2015 with 669 homesteads filed compared to 634 in 2014.