MORTGAGE VOLUME DOWN, SALES VALUE STAYS STRONG!  

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in September 2004 was down 6.7% from September 2003 volume and the total value of sales was up 5% from the previous year.  The average individual property sale value was up 12.6% from the previous year.  There was a 41.5% decrease in the volume of mortgage activity from September 2003 levels.  

Year to date: Sales Volume up 3.6%, Total Sales Value up 17.4%, Average Sales Value up 13.4%, Mortgage Volume down 36%.  

Register Meade reports that there were 734 deeds recorded at the Barnstable Registry of Deeds in September 2004 with stated sales values between $25,000.00 and $1,000,000.00, representing a stated value of $279,517,626.00 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 September was $380,814.00.  

There were 2,512 mortgages recorded with values between $25,000.00 and $1,000,000.00 in September with a total value of $512,954,520.00.  The average mortgage amount, commercial, residential or other, was $204,202.00.  

By way of comparison, in September 2003, there were 787 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 $266,247,883.00 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 $338,307.00.  

All figures are based on sales or mortgages between $25,000.00 and $1,000,000.00.  

2004 sales volume: 6,428
2003 sales volume: 6,204  

2004 total sales value:  $2,306,794,289.00
2003 total sales value:  $1,964,195,510.00  

2004 average sales price: $358,867.00
2003 average sales price: $316,601.00  

2004 mortgage volume: 25,479
2003 mortgage volume: 39,758  

2004 total mortgage value:  $5,069,072,678.00
2003 total mortgage value:  $7,133,774,802.00  

2004 average mortgage amount:  $198,951.00
2003 average mortgage amount:  $179,430.00

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

M/Y        Value        % Differential/prior month

Oct  2003: $332,171.00        -1.8%
Nov  2003: $342,956.00        +3.2%
Dec  2003: $334,044.00        -2.7%
Jan  2004: $346,257.00        +3.7%
Feb  2004: $317,447.00        -8.3%
Mar  2004: $344,985.00        +8.7%
Apr  2004: $359,655.00        +4.3%
May  2004: $367,247.00        +2.1% 
June 2004: $370,609.00        +0.9% 
July 2004: $360,489.00        -2.7% 
Aug  2004: $357,277.00        -0.9%
Sept 2004: $380,814.00        +6.6%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds