REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY FOR THE MONTH OF OCTOBER 2005

 

OCTOBER “SPOOKS” NUMBERS!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in October 2005 was down 17.6% from October 2004 volume and the total value of sales was down 17.7% from the previous year.  The average individual property sale value was down 0.1% from the previous year.  There was a 6.4% decrease in the volume of mortgage activity from October 2004 levels.

Year to Date: Sales Volume is down 7.6%; Total Sales Value is down 1.7%; Individual sales value is up 6.4%; Mortgage volume is down 11.9%.

Register Meade reports that there were 660 deeds recorded at the Barnstable Registry of Deeds in October 2005 with stated sales values between $25,000.00 and $1,000,000.00, representing a stated value of $257,504,064.00 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 $390,158.00.

There were 2,489 mortgages recorded with values between $25,000.00 and $1,000,000.00 in October with a total value of $576,293,373.00.  The average mortgage amount, commercial, residential or other, was $231,536.00.

By way of comparison, in October 2004, there were 801 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 $312,935,774.00 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 $390,681.00.

There were 2,659 mortgages recorded in October 2004 with values between $25,000.00 and $1,000,000.00 with a total value of $542,232,760.00.  The average mortgage amount, commercial, residential or other, was $203,924.00.



REAL ESTATE ACTIVITY THROUGH OCTOBER 2005 AS COMPARED TO THE SAME PERIOD IN 200
4.

2005 sales volume: 6,678
2004 sales volume: 7,229  

2005 total sales value:  $2,575,734,203.00
2004 total sales value:  $2,619,730,063.00  

2005 average sales price: $385,704.00
2004 average sales price: $362,392.00  

2005 mortgage volume: 24,791
2004 mortgage volume: 28,138  

2005 total mortgage value:  $5,478,478,645.00
2004 total mortgage value:  $5,611,305,438.00  

2005 average mortgage amount:  $220,987.00
2004 average mortgage amount:  $199,421.00


PAST TWELVE MONTHS AVERAGE SALES VALUE:

(sales values between $25,000 and $1,000,000)

M/Y        Value        % Differential/prior month

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%
Apr  2005: $379,455.00           +2.7%
May  2005: $385,720.00           +1.7% 
June 2005: $397,854.00           +3.1% 

July
2005: $393,473.00           -1.1%  

Aug  2005: $395,739.00           +0.5%

Sept 2005: $391,932.00           -1% 

Oct  2005: $390,158.00           -0.5%

 


                                                                    John F. Meade
                                                                    Barnstable Register of Deeds

 
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