SALES VALUE CONTINUES STRONG RUN!  

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in October 2004 was down 2.9% from October 2003 volume and the total value of sales was up 14.2% from the previous year.  The average individual property sale value was up 17.6% from the previous year.  There was a 28.4% decrease in the volume of mortgage activity from October 2003 levels.  

Year to date: Sales Volume up 2.8%, Total Sales Value up 17%, Average Sales Value up 13.8%, Mortgage Volume down 35%.  

Register Meade reports that there were 801 deeds recorded at the Barnstable Registry of Deeds in October 2004 with stated sales values between $25,000.00 and $1,000,000.00, representing a stated value of $312,935,774.00 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 $390,681.00.  

There were 2,659 mortgages recorded with values between $25,000.00 and $1,000,000.00 in October with a total value of $542,232,760.00.  The average mortgage amount, commercial, residential or other, was $203,924.00.

By way of comparison, in October 2003, there were 825 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 $274,041,318.00 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 $332,171.00.

There were 3,713 mortgages recorded in October 2003 with values between $25,000.00 and $1,000,000.00 with a total value of $680,820,556.00.  The average mortgage amount, commercial, residential or other, was $183,361.00.

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

2004 sales volume: 7,229
2003 sales volume: 7,029  

2004 total sales value:  $2,619,730,063.00
2003 total sales value:  $2,238,236,828.00  

2004 average sales price: $362,392.00
2003 average sales price: $318,428.00  

2004 mortgage volume: 28,138
2003 mortgage volume: 43,471  

2004 total mortgage value:  $5,611,305,438.00
2003 total mortgage value:  $7,814,595,358.00  

2004 average mortgage amount:  $199,421.00
2003 average mortgage amount:  $179,765.00

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

M/Y        Value        % Differential/prior month

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%
Oct  2003: $390,681.00          +2.6%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds