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SALES VOLUME DOWN & VALUE UP AGAIN!

JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF SEPTEMBER 2018

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in September 2018 was down 9.4% from September 2017 volume and the total value of sales was down 5.9% from the previous year.  The median individual property sale value was up 4.6% from the previous year.  There was an 8.7% decrease in the volume of mortgage activity from September 2017 levels.

Year to Date: Volume of Sales is down 4.8%; Total Value of Sales is up 0.1%; Individual Sales Value is up 6%; Mortgage Volume is down 7.7%.

 Register Meade reports that there were 639 deeds recorded at the Barnstable Registry of Deeds in September 2018 with stated sales values above $50,000.00 representing a stated value of $348,875,625.00 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 2018 was $387,000.00.

There were 879 mortgages recorded with values above $50,000.00 in September 2018 with a total value of $324,971,797.00.  The median mortgage amount, commercial, residential or other, was $260,000.00.

By way of comparison, 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.

 

REAL ESTATE ACTIVITY THROUGH SEPTEMBER 2018

AS COMPARED TO THE SAME PERIOD IN 2017.

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

 

2018 sales volume: 5,588

2017 sales volume: 5,872

 

2018 total sales value: $2,810,931,039.00

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

 

2018 median sales price: $371,000.00

2017 median sales price: $350,000.00

 

2018 mortgage volume: 8,699

2017 mortgage volume: 9,424

 

2018 total mortgage value:  $3,434,950,060.00

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

 

2018 median mortgage amount:  $261,120.00

2017 median mortgage amount:  $250,000.00

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

Sep            2017:      $370,000.00                                  +8.8%

Oct            2017:      $370,000.00                                      0%

Nov           2017:      $355,000.00                                     -4%

Dec            2017:      $364,000.00                                  +2.5%

Jan            2018:       $342,000.00                                    -6%

Feb            2018:      $363,500.00                                  +6.3%

Mar           2018:      $353,000.00                                   -2.9%

Apr            2018:      $370,000.00                                  +4.8%

May           2018:      $375,000.00                                  +1.4%

June           2018:      $385,000.00                                  +2.7%

July            2018:      $375,000.00                                  -2.6%

Aug            2018:      $373,500.00                                   -0.4%

Sep             2018:      $387,000.00                                  +3.6%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2018    20                                185                             

2017    23                                195     

Chg.    -13%                         -5.1%

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Posted in: Registry of Deeds

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