SALES VOLUME DOWN, VALUES UP!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in April 2003 was down 26.9% from April 2002 volume and the total value of sales was down 12.6% from the previous year.  The average individual property sale value was up 19.7% from the previous year.  There was a 62.8% increase in the volume of mortgage activity from April 2002 levels.

Year to date: Sales Volume down 13.8%, Total Sales Value up 1.7%, Average Sales Value up 18%, Mortgage Volume up 50.8%. 

Register Meade reports that there were 629 deeds recorded at the Barnstable Registry of Deeds in April 2003 with stated sales values between $25,000.00 and $1,000,000.00, representing a stated value of $191,040,123.00 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 April was $303,720.00.

There were 4,427 mortgages recorded with values between $25,000.00 and $1,000,000.00 in April with a total value of $780,153,240.00.  The average mortgage amount, commercial, residential or other, was $176,226.00.

By way of comparison, in April 2002, there were 861 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 $218,521,936.00 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 $253,800.00.

REAL ESTATE ACTIVITY THROUGH APRIL 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: 2,358
2002 sales volume: 2,735

2003 total sales value:  $ 702,978,041.00
2002 total sales value:  $ 691,054,811.00

2003 average sales price: $298,124.00
2002 average sales price: $252,670.00

2003 mortgage volume: 16,495
2002 mortgage volume: 10,936

2003 total mortgage value:  $2,868,392,231.00
2002 total mortgage value:  $1,771,496,328.00

2003 average mortgage amount:  $173,895.00
2002 average mortgage amount:  $161,987.00

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

M/Y        Value        % Differential/prior month

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%
Mar  2003: $307,623.00      +9.7%
Apr  2003: $303,720.00      -1.3%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds