NUMBERS STAY STRONG

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in February 2003 was up 1.9% over February 2002 volume and the total value of sales was up 19.3% from the previous year.  The average individual property sale value was up 17.1% from the previous year.  There was a 44.3% increase in the volume of mortgage activity from February 2002 levels.

Year to date: Sales Volume up 0.8%, Total Sales Value up 16.5%, Average Sales Value up 15.6%, Mortgage Volume up 41.5%.

Register Meade reports that there were 483 deeds recorded at the Barnstable Registry of Deeds in February 2003 with stated sales values between $25,000.00 and $1,000,000.00, representing a stated value of $135,512,951.00 in county-wide real estate sales.

Based on all property sales valued between $25,000.00 and $1,000,000.00, the average sale price of property in Barnstable County in February was $280,565.00.

There were 3,549 mortgages recorded with values between $25,000.00 and $1,000,000.00 in February with a total value of $610,008,908.00.  The average mortgage amount, commercial, residential or other, was $171,882.00.

By way of comparison, in February 2002, there were 474 deeds recorded at the Registry of Deeds with stated sales values between $25,000.00 and $1,000,000.00, representing a stated value of $113,590,576.00 in county-wide real estate sales. 

The average sales price, based on all property sales valued between $25,000.00 and $1,000,000.00 was $239,643.00.

REAL ESTATE ACTIVITY THROUGH FEBRUARY 2003
AS COMPARED TO THE SAME PERIOD IN 2002.

All figures are based on sales or mortgages between $25,000.00 and $1,000,000.00.

2003 sales volume: 1,123
2002 sales volume: 1,114

2003 total sales value:  $ 325,518,474.00
2002 total sales value:  $ 279,417,425.00

2003 average sales price: $289,865.00
2002 average sales price: $250,823.00

2003 mortgage volume: 7,573
2002 mortgage volume: 5,354

2003 total mortgage value:  $1,319,829,405.00
2002 total mortgage value:  $864,230,774.00

2003 average mortgage amount:  $174,281.00
2002 average mortgage amount:  $161,418.00

PAST TWELVE MONTHS AVERAGE SALES VALUE:
(sales values between $25,000 and $1,000,000)

M/Y        Value        % Differential/prior month

Mar  2002: $254,099.00         +6.0%
Apr  2002: $253,800.00         -0.1%
May  2002: $290,586.00        +14.5%
June 2002: $282,195.00         -2.9%
July 2002: $290,108.00         +2.8%
Aug  2002: $298,268.00         +2.8%
Sept 2002: $291,999.00         -2.1%
Oct  2002: $307,872.00         +5.4%
Nov  2002: $320,150.00         +4.0%
Dec  2002: $296,730.00         -7.3%
Jan  2003: $296,884.00         +0.05%
Feb  2003: $280,565.00         -5.5%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds