Braintree Real Estate Update

Dated: 11/15/2018

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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 market continues to be strong and steady in Braintree.  The single family housing market did see a slight increase in September and October from 57 homes sold in 2017 to 63 homes sold in 2018.  The number of days a home stayed on market stayed about the same: 35 days in 2017 and 33 days in 2018.  Home prices decreased this year to $496,600 on average in September and October compared to $527,654 in the same time period last year.

A recap of the condo sales market in September and October:  30 condos sold last year while 21 sold in the same time period this year.  The average days on market increased to 45 days in 2018 from 39 days in 2017.  The price of condos did see an increase, from an average of $346,532 last year to $377,338 this year.

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

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Jose E. Perez

Jose E Perez is the broker and owner of EXIT Realty All Stars located in Braintree, and Brockton MA, helping both buyers and sellers with all of their real estate needs. He previously worked for Centu....

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