During 2017, real estate activity in Braintree saw decreases in both total sales volume and average sales price.
There was a 15% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Braintree during 2017. 7,041 land documents were recorded versus 8,279 in 2016.
The total volume of real estate sales, both residential and commercial, in Braintree during 2017 was $307,854,693, a 12% decrease from 2016. The average sale price of homes and commercial property was also down 12% in Braintree. The average sale price was $510,538.
The number of mortgages recorded (1,458) on Braintree properties in 2017 was down 28% from the previous year. Total mortgage indebtedness also decreased 58% to $832,129,649 during the same period.
There were 6 foreclosure deeds filed against Braintree properties during 2017, representing a 50% decrease from the previous year when there were 12 foreclosure deeds filed.
Finally, homestead activity decreased 5% in Braintree during 2017 with 674 homesteads filed compared to 706 in 2016.