During 2016, real estate activity in Braintree saw decreases in both total sales volume and average sales price.
There was a 13% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Braintree during 2016. 8,280 land documents were recorded versus 7,321 in 2015.
The total volume of real estate sales, both residential and commercial, in Braintree uring 2016 was $348,717,259, a 10% decrease from 2015. The average sale price of homes and commercial property was also down 13% in Braintree. The average sale price was $581,195.
The number of mortgages recorded (2,032) on Braintree properties in 2016 was up 21% from the previous year. Total mortgage indebtedness also increased 82% to $1,980,977,965 during the same period.
There were 12 foreclosure deeds filed against Braintree properties during 2016, representing a 100% decrease from the previous year when there were 6 foreclosure deeds filed.
Finally, homestead activity increased 6% in Braintree during 2016 with 706 homesteads filed compared to 669 in 2015.