SALES VOLUME DIPS, MORTGAGES RISE!  

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in December 2004 was down 2.5% from December 2003 volume and the total value of sales was up 5.6% from the previous year.  The average individual property sale value was up 8.3% from the previous year.  There was a 2.1% increase in the volume of mortgage activity from December 2003 levels.  

Year to date: Sales Volume up 2%, Total Sales Value up 15.8%, Average Sales Value up 13.5%, Mortgage Volume down 31.6%.  

Register Meade reports that there were 653 deeds recorded at the Barnstable Registry of Deeds in December 2004 with stated sales values between $25,000.00 and $1,000,000.00, representing a stated value of $236,289,327.00 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 December was $361,852.00.  

There were 2,601 mortgages recorded with values between $25,000.00 and $1,000,000.00 in December with a total value of $555,217,881.00.  The average mortgage amount, commercial, residential or other, was $213,463.00.  

By way of comparison, in December 2003, there were 670 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 $223,809,757.00 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 $334,044.00.  

There were 2,548 mortgages recorded in December 2003 with values between $25,000.00 and $1,000,000.00 with a total value of $494,732,541.00.  The average mortgage amount, commercial, residential or other, was $194,165.00.

2004 sales volume: 8,561
2003 sales volume: 8,392

2004 total sales value:  $3,126,289,981.00
2003 total sales value:  $2,699,715,114.00

2004 average sales price: $365,178.00
2003 average sales price: $321,701.00

2004 mortgage volume: 33,249
2003 mortgage volume: 48,617  

2004 total mortgage value:  $6,700,026,838.00
2003 total mortgage value:  $8,791,973,700.00

2004 average mortgage amount:  $201,511.00
2003 average mortgage amount:  $180,841.00

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

M/Y        Value        % Differential/prior month

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  2004: $390,681.00         +2.6%
Nov  2004: $398,042.00         +1.9%
Dec  2004: $361,852.00         -9.1%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds