Braintree Real Estate Update!

Dated: 09/20/2018

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Although officially known as a town, Braintree adopted a municipal charter, effective 2008, with a mayor-council form of government, and is considered a city under Massachusetts law.  Residents are attracted to Braintree as a good place to live and work because it has an excellent public school system as well as two private schools:  Thayer Academy and Archbishop Williams High School.  In addition, it has a fine parks and recreation program with the availability of many recreational resources such as Town Forest, Pond Meadow Park, Sunset Lake, Smith Beach, the Cranberry Pond Conservation District, the MDC Blue Hills Reservation trail system, and an 18 hole public golf course.

The housing and condominium market continues to be strong and steady in Braintree.  The single family housing market did see a slight decrease this year in July and August from 79 homes sold in 2017 to 68 homes sold in 2018.  The number of days a home stayed on market stayed about the same: 32 days in 2017 and 35 days in 2018.  Home prices increased this year to $543,421 on average in July and August compared to $520,317 in the same time period last year.

The condo sales market in July and August:  24 condos sold last year while 23 sold in the same time period this year.  The average days on market increased to 32 days in 2018 from 25 days in 2017.  The price of condos did see a slight decrease, dropping from an average of $391,675 last year to $385,188 this year.

Looking to buy or sell your home?  Contact EXIT Realty All Stars in Braintree!

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