VALUE SOLID, VOLUME DROPS!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in March 2005 was down 14.5% from March 2004 volume and the total value of sales was down 8.4% from the previous year.  The average individual property sale value was up 7.2% from the previous year.  There was a 20.5% decrease in the volume of mortgage activity from March 2004 levels.

Year to Date: Sales Volume is down 7.4%; Total Sales Value is up 1%; Individual sales value is up 9%; Mortgage volume is down 14%.

Register Meade reports that there were 566 deeds recorded at the Barnstable Registry of Deeds in March 2005 with stated sales values between $25,000.00 and $1,000,000.00, representing a stated value of $209,228,958.00 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 March was $369,662.00.

There were 2,617 mortgages recorded with values between $25,000.00 and $1,000,000.00 in March with a total value of $572,116,177.00.  The average mortgage amount, commercial, residential or other, was $218,615.00.

By way of comparison, in March 2004, there were 662 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 $228,380,278.00 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 $344,985.00.

There were 3,291 mortgages recorded in March 2004 with values between $25,000.00 and $1,000,000.00 with a total value of $641,931,439.00.  The average mortgage amount, commercial, residential or other, was $195,057.00.

2005 sales volume: 1,541
2004 sales volume: 1,664

2005 total sales value:  $567,715,719.00
2004 total sales value:  $562,854,962.00  

2005 average sales price: $368,407.00
2004 average sales price: $338,254.00  

2005 mortgage volume: 6,641
2004 mortgage volume: 7,720  

2005 total mortgage value:  $1,417,696,869.00
2004 total mortgage value:  $1,506,465,966.00  

2005 average mortgage amount:  $213,476.00
2004 average mortgage amount:  $195,138.00

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

M/Y        Value        % Differential/prior month

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%
Jan  2005: $378,446.00         +4.6% 
Feb  2005: $354,748.00         -6.3%
Mar  2005: $369,662.00         +4.2%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds