Real Estate activity in Braintree, MA during the 2nd quarter of 2015 saw increases in both total real estate sales volume and borrowing.
There was a 6% increase in the number of land documents recorded at Norfolk County Registry of Deeds from the town of Braintree during the 2nd quarter of 2015. 1,800 land documents were recorded versus 1,699 during the 2nd quarter of 2014.
The total dollar volume of real estate sales in Braintree during the 2nd quarter of 2015 was $70,323,054, a 4% increase over 2014 2nd quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $528,744, a 31% increase from the same time period in 2014.
The number of mortgages recorded against Braintree properties during the 2nd quarter of 2015 was 423, a 9% increase from the 2nd quarter 2014 number. Total mortgage indebtedness was $114,106,876 for the quarter compared to $88,421,957 for the 2nd quarter 2014.
There were 2 foreclosure deeds filed against Braintree properties during the 2nd quarter 2015.
Finally, homestead activity decreased in Braintree during the 2nd quarter 2015 with 164 Homesteads recorded representing a 7% decrease from the 2nd quarter 2014 total of 176.