Barnstable Registry - News Real Estate 06/01

REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY FOR THE MONTH OF JANUARY 2006
*SLOW START TO NEW YEAR!* TAKE NOTE- WE HAVE INITIATED A NEW FORMAT FOR OUR STATISTICS REPORT. WE NOW WILL BE TRACKING THE MEDIAN OF ALL SALES AND MORTGAGES BASED ON VALUES ABOVE $50,000.00. THERE IS NO LONGER A CAP AND ALL DEEDS AND MORTAGES ABOVE THAT AMOUNT WILL BE INCLUDED. Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in January 2006 was down 26.3% from January 2005 volume and the total value of sales was down 23% from the previous year. The median individual property sale value was up 0.8% from the previous year. There was a 11.5% decrease in the volume of mortgage activity from January 2005 levels. Register Meade reports that there were 414 deeds recorded at the Barnstable Registry of Deeds in January 2006 with stated sales values above $50,000.00 representing a stated value of $209,695,667.00 in county-wide real estate sales. Based on all property sales valued above $50,000.00, the median sale price of property in Barnstable County in January was $367,350.00. There were 1,688 mortgages recorded with values above $50,000.00 in January with a total value of $471,700,644.00. The median mortgage amount, commercial, residential or other, was $210,000.00. By way of comparison, in January 2005, there were 562 deeds recorded at the Registry of Deeds with stated sales values above $50,000.00, representing a total value of $272,002,915.00 in county-wide real estate sales. The median sales price, based on all property sales values above $50,000.00 was $364,500.00. There were 1,906 mortgages recorded in January 2005 with values above $50,000.00with a total value of $524,975,882.00. The median mortgage amount, commercial, residential or other, was $205,500.00. REAL ESTATE ACTIVITY THROUGH JANUARY 2006 AS COMPARED TO THE SAME PERIOD IN 2005. All figures are based on sales or mortgages ABOVE $50,000.00. 2006 sales volume: 414 2005 sales volume: 562 2006 total sales value: $209,695,667.00 2005 total sales value: $272,002,915.00 2006 median sales price: $367,350.00 2005 median sales price: $364,500.00 2006 mortgage volume: 1,688 2005 mortgage volume: 1,906 2006 total mortgage value: $471,700,644.00 2005 total mortgage value: $524,975,882.00 2006 median mortgage amount: $210,000.00 2005 median mortgage amount: $205,500.00 John F. Meade Barnstable Register of Deeds