SALES VOLUME DIPS, VALUES STAY STRONG!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in March 2003 was down 20.3% from March 2002 volume and the total value of sales was down 3.5% from the previous year.  The average individual property sale value was up 21.1% from the previous year.  There was a 57.1% increase in the volume of mortgage activity from March 2002 levels.

Year to date: Sales Volume down 7.7%, Total Sales Value up 8.3%, Average Sales Value up 17.4%, Mortgage Volume up 46.9%. 

Register Meade reports that there were 606 deeds recorded at the Barnstable Registry of Deeds in March 2003 with stated sales values between $25,000.00 and $1,000,000.00, representing a stated value of $186,419,444.00 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 March was $307,623.00.

There were 4,495 mortgages recorded with values between $25,000.00 and $1,000,000.00 in March with a total value of $768,409,586.00.  The average mortgage amount, commercial, residential or other, was $170,948.00.

By way of comparison, in March 2002, there were 760 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 $193,115,450.00 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 $254,099.00.

There were 2,862 mortgages recorded in March 2002 with values between $25,000.00 and $1,000,000.00 with a total value of $456,721,021.00.  The average mortgage amount, commercial, residential or other, was $159,581.00.

REAL ESTATE ACTIVITY THROUGH MARCH 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: 1,729
2002 sales volume: 1,874

2003 total sales value:  $ 511,937,918.00
2002 total sales value:  $ 472,532,875.00

2003 average sales price: $296,089.00
2002 average sales price: $252,152.00

2003 mortgage volume: 12,068
2002 mortgage volume: 8,216

2003 total mortgage value:  $2,088,238,991.00
2002 total mortgage value:  $1,320,951,795.00

2003 average mortgage amount:  $173,039.00
2002 average mortgage amount:  $160,778.00

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

M/Y        Value        % Differential/prior month

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%
Sep  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%
Mar  2003: $307,623.00       +9.7%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds