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Cape Cod Real Estate News

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SALES VOLUME OFF SLIGHTLY & VALUE EDGES UP!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in October 2017 was down 0.6% from October 2016 volume and the total value of sales was down 6.3% from the previous year.  The median individual property sale value was up 2.8% from the previous year.  There was a 16.8% decrease in the volume of mortgage activity from October 2016 levels.

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

Year to Date: Volume of Sales is up 3.2%; Total Value of Sales is up 4.6%; Individual Sales Value is up 3.4%; Mortgage Volume is down 7.5%.

 

Register Meade reports that there were 682 deeds recorded at the Barnstable Registry of Deeds in October 2017 with stated sales values above $50,000.00 representing a stated value of $328,479,558.00 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 October 2017 was $370,000.00.

 

There were 1,072 mortgages recorded with values above $50,000.00 in October 2017 with a total value of $357,171,509.00.  The median mortgage amount, commercial, residential or other, was $252,460.00.

 

By way of comparison, there were 686 deeds recorded at the Barnstable Registry of Deeds in October 2016 with stated sales values above $50,000.00 representing a stated value of $350,384,251.00 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 October was $360,000.00.

 

There were 1,288 mortgages recorded with values above $50,000.00 in October with a total value of $448,554,117.00.  The median mortgage amount, commercial, residential or other, was $250,000.00.

 

REAL ESTATE ACTIVITY THROUGH OCTOBER 2017

AS COMPARED TO THE SAME PERIOD IN 2016.

 

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

 

2017 sales volume: 6,554

2016 sales volume: 6,353

 

2017 total sales value: $3,138,076,803.00

2016 total sales value: $2,998,655,692.00

 

2017 median sales price: $350,000.00

2016 median sales price: $338,500.00

 

2017 mortgage volume: 10,496

2016 mortgage volume: 11,345

 

2017 total mortgage value:  $3,784,548,106.00

2016 total mortgage value:  $4,111,733,547.00

 

2017 median mortgage amount:  $250,000.00

2016 median mortgage amount:  $247,150.00

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

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%

Oct            2017:      $370,000.00                                      0%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2017    18                                213                             

2016    24                                228     

Chg.    -25%                           -6.6%

Posted in: Registry of Deeds

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