During 2018, real estate activity in Braintree saw increases in both total sales volume and average sales price.
There was an 8% decrease in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Braintree during 2018. 6,473 land documents were recorded versus 7,032 in 2017.
The total volume of real estate sales, both residential and commercial, in Braintree during 2018 was $375,757,266, a 22% increase from 2017. The average sale price of homes and commercial property was also up 24% in Braintree. The average sale price was $632,587.
The number of mortgages recorded (1,323) on Braintree properties in 2018 was down 9% from the previous year. Total mortgage indebtedness also decreased 21% to $655,194,468 during the same period.
There were 10 foreclosure deeds filed against Braintree properties during 2018, representing a 67% increase from the previous year when there were 10 foreclosure deeds filed.
Finally, homestead activity decreased 2% in Braintree during 2018 with 662 homesteads filed compared to 674 in 2017.