MORTGAGE VOLUME NUMBERS SEE DECLINE!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in October 2003 was up 8.6% from October 2002 volume and the total value of sales was up 17.1% from the previous year.  The average individual property sale value was up 7.9% from the previous year.  There was an 8.9% decrease in the volume of mortgage activity from October 2002 levels.

Year to date: Sales Volume down 6.9%, Total Sales Value up 6.4%, Average Sales Value up 14.4%, Mortgage Volume up 52.6%. 

Register Meade reports that there were 825 deeds recorded at the Barnstable Registry of Deeds in October 2003 with stated sales values between $25,000.00 and $1,000,000.00, representing a stated value of $274,041,318.00 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 October was $332,171.00.

There were 3,713 mortgages recorded with values between $25,000.00 and $1,000,000.00 in October with a total value of $680,820,556.00.  The average mortgage amount, commercial, residential or other, was $183,361.00.

By way of comparison, in October 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 $233,982,584.00 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 $307,872.00.

REAL ESTATE ACTIVITY THROUGH OCTOBER 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: 7,029
2002 sales volume: 7,553

2003 total sales value:  $ 2,238,236,828.00
2002 total sales value:  $ 2,102,779,001.00

2003 average sales price: $318,428.00
2002 average sales price: $278,403.00

2003 mortgage volume: 43,471
2002 mortgage volume: 28,493

2003 total mortgage value:  $7,814,595,358.00
2002 total mortgage value:  $4,797,474,398.00

2003 average mortgage amount:  $179,765.00
2002 average mortgage amount:  $168,374.00

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

M/Y        Value        % Differential/prior month

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%
Sept 2003: $338,307.00          +2.9%
Oct  2003: $332,171.00          -1.8%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds