Braintree, MA Real Estate Activity Report
July 1, 2015 - September 30, 2015
Real Estate activity in Braintree during the 3rd quarter of 2015 saw an increase in total real estate sales volume but a small decrease in borrowing.
There was a 4% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Braintree during the 3rd quarter of 2015. 2,038 land documents were recorded versus 1,957 during the 3rd quarter of 2014.
The total dollar volume of real estate sales in Braintree during the 3rd quarter of 2015 was $91,970,652, a 31% increase over 2014 3rd quarter numbers. The average sales price of deeds over $1000, both residential and commercial properties, was $489,205, a 17% increase from the same time period in 2014.
The number of mortgages recorded against Braintree properties during the 3rd quarter of 2015 was 432, a slight 1% increase from the 3rd quarter 2014 number. Total mortgage indebtedness was $118,777,657 for the quarter compared to $125,232,328 for the 3rd quarter 2014.
There were 2 foreclosure deeds filed against Braintree properties during the 3rd quarter 2015. This represented a decrease of 67% over the same time period in 2014 when 6 foreclosure deeds were filed..
Finally, homestead activity increased in Braintree during the 3rd quarter 2015 with 218 Homesteads recorded representing a 21% increase from the 3rd quarter 2014 total of 180.