SALES VOLUME STILL DOWN, VALUES CLIMB!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in May 2003 was down 12.2% from May 2002 volume and the total value of sales was down 2.8% from the previous year.  The average individual property sale value was up 10.6% from the previous year.  There was a 71.5% increase in the volume of mortgage activity from May 2002 levels.

Year to date: Sales Volume down 13.4%, Total Sales Value up 0.5%, Average Sales Value up 16%, Mortgage Volume up 54.7%. 

Register Meade reports that there were 802 deeds recorded at the Barnstable Registry of Deeds in May 2003 with stated sales values between $25,000.00 and $1,000,000.00, representing a stated value of $257,843,377.00 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 May was $321,500.00.

There were 4,340 mortgages recorded with values between $25,000.00 and $1,000,000.00 in May with a total value of $776,552,089.00.  The average mortgage amount, commercial, residential or other, was $178,929.00.

By way of comparison, in May 2002, there were 913 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 $265,305,132.00 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 $290,586.00.

There were 2,531 mortgages recorded in May 2002 with values between $25,000.00 and $1,000,000.00 with a total value of $433,445,804.00.  The average mortgage amount, commercial, residential or other, was $171,259.00.

REAL ESTATE ACTIVITY THROUGH MAY 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: 3,160
2002 sales volume: 3,648

2003 total sales value:  $ 960,821,418.00
2002 total sales value:  $ 956,359,943.00

2003 average sales price: $304,057.00
2002 average sales price: $262,160.00

2003 mortgage volume: 20,835
2002 mortgage volume: 13,467

2003 total mortgage value:  $3,644,944,320.00
2002 total mortgage value:  $2,204,952,132.00

2003 average mortgage amount:  $174,943.00
2002 average mortgage amount:  $163,730.00

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

M/Y        Value        % Differential/prior month

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%
May  2003: $321,500.00       +5.9%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds