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SALES VOLUME DIPS & VALUE RISES!

 

JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
 FOR THE MONTH OF SEPTEMBER 2017

 SALES VOLUME DIPS & VALUE RISES!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in September 2017 was down 5.5% from September 2016 volume and the total value of sales was down 3.6% from the previous year.  The median individual property sale value was up 5.7% from the previous year.  There was an 25.7% decrease in the volume of mortgage activity from September 2016 levels.

 

Year to Date: Volume of Sales is up 3.6%; Total Value of Sales is up 6.1%; Individual Sales Value is up 4.5%; Mortgage Volume is down 6.3%.

 

Register Meade reports that there were 705 deeds recorded at the Barnstable Registry of Deeds in September 2017 with stated sales values above $50,000.00 representing a stated value of $370,826,004.00 in county-wide real estate sales. Based on all property sales valued above $50,000.00, the median sale price of property in Barnstable County in September 2017 was $370,000.00.

 

There were 963 mortgages recorded with values above $50,000.00 in September 2017 with a total value of $407,889,041.00.  The median mortgage amount, commercial, residential or other, was $256,500.00.

 

By way of comparison, there were 746 deeds recorded at the Barnstable Registry of Deeds in September 2016 with stated sales values above $50,000.00 representing a stated value of $384,539,181.00 in county-wide real estate sales. Based on all property sales valued above $50,000.00, the median sale price of property in Barnstable County in September was $350,000.00.

 

There were 1,296 mortgages recorded with values above $50,000.00 in September with a total value of $472,820,104.00.  The median mortgage amount, commercial, residential or other, was $256,632.00.

 

REAL ESTATE ACTIVITY THROUGH SEPTEMBER 2017

AS COMPARED TO THE SAME PERIOD IN 2016.

 

All figures are based on sales or mortgages ABOVE $50,000.00.

 

2017 sales volume: 5,872

2016 sales volume: 5,667

 

2017 total sales value: $2,809,597,245.00

2016 total sales value: $2,648,271,441.00

 

2017 median sales price: $350,000.00

2016 median sales price: $335,000.00

 

2017 mortgage volume: 9,424

2016 mortgage volume: 10,057

 

2017 total mortgage value:  $3,427,376,597.00

2016 total mortgage value:  $3,663,179,430.00

 

2017 median mortgage amount:  $250,000.00

2016 median mortgage amount:  $246,786.00

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

Sep           2016:      $350,000.00                                +4.8%

Oct           2016:      $360,000.00                                +2.9%

Nov          2016:      $360,000.00                                    0%

Dec           2016:      $350,000.00                                 -2.8%

Jan           2017:      $340,000.00                                -2.9%

Feb           2017:      $335,000.00                                 -1.5%

Mar          2017:      $330,000.00                                 -1.5%

Apr           2017:      $350,000.00                                 +6.0%

May          2017:      $370,000.00                                 +5.7%

June          2017:      $360,000.00                                  -2.7%

July          2017:       $355,000.00                                  -1.4%

Aug           2017:      $340,000.00                                   -4.2%

Sep            2017:      $370,000.00                                  +8.8%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2017    23                                195                             

2016    28                                204     

Chg.    -18%                           -4.4%

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Posted in: Registry of Deeds

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