MORTGAGE VOLUME STILL SOLID DESPITE RISE IN RATES!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in August 2003 was up 8.3% from August  2002 volume and the total value of sales was up 19.4% from the previous year.  The average individual property sale value was up 10.2% from the previous year.  There was a 78.3% increase in the volume of mortgage activity from August 2002 levels.

Year to date: Sales Volume down 10.5%, Total Sales Value up 2.7%, Average Sales Value up 14.8%, Mortgage Volume up 68.3%. 

Register Meade reports that there were 784 deeds recorded at the Barnstable Registry of Deeds in August 2003 with stated sales values between $25,000.00 and $1,000,000.00, representing a stated value of $257,747,956.00 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 August was $328,760.00.

There were 5,001 mortgages recorded with values between $25,000.00 and $1,000,000.00 in August with a total value of $921,271,396.00.  The average mortgage amount, commercial, residential or other, was $184,217.00.

By way of comparison, in August 2002, there were 724 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 $215,945,676.00 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 $298,268.00.

There were 2,805 mortgages recorded in August 2002 with values between $25,000.00 and $1,000,000.00 with a total value of $476,550,589.00. The average mortgage amount, commercial, residential or other, was $169,893.00.

REAL ESTATE ACTIVITY THROUGH AUGUST 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: 5,417
2002 sales volume: 6,055

2003 total sales value:  $1,697,947,627.00
2002 total sales value:  $1,653,301,128.00

2003 average sales price: $313,448.00
2002 average sales price: $273,047.00

2003 mortgage volume: 35,462
2002 mortgage volume: 21,066

2003 total mortgage value:  $6,335,402,256.00
2002 total mortgage value:  $3,486,108,213.00

2003 average mortgage amount:  $178,653.00
2002 average mortgage amount:  $164,807.00

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

M/Y        Value        % Differential/prior month

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%
June 2003: $327,312.00         +1.8%
July 2003: $323,515.00         -1.2%
Aug  2003: $328,760.00         +1.6%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds