During the 3rd quarter of 2016, real estate activity in Braintree saw increases in both total sales volume and average sales price.
There was a 15% increase in the number of land documents recorded at the Norfolk County Registry of Deeds from the town of Braintree during the 3rd quarter 2016. 2,350 land documents were recorded versus 2,038 during the third quarter 2015.
The total volume of real estate sales in Braintree during the 3rd quarter 2016 was $108,109,152, an 18% increase from the same time period in 2015. Also, the average sale price of homes and commercial property increased 21% in Braintree. The average sale price was $594,006.
The number of mortgages recorded (587) on Braintree properties during the 3rd quarter 2016 was up 36% from the previous year. Total mortgage indebtedness also increased 67% to $198,911,351 during the same period.
There was 1 foreclosure deed filed against a Braintree property during the 3rd quarter 2016 compared to 2 foreclosure deed filings during the 3rd quarter 2015.
Finally, homestead activity decreased 3% in Braintree during the 3rd quarter 2016 with 212 homesteads filed compared to 218 during the same time period in 2015.