VOLUME OFF, VALUE FLAT…AGAIN!

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 May 2006 was down 21.3% from May 2005 volume and the total value of sales was down 6.6% from the previous year.  The median individual property sale value was down 0.75% from the previous year.  There was an 8% decrease in the volume of mortgage activity from May 2005 levels.

Year to Date: Volume of Sales is down 20.2%; Total Value of Sales is down 13.5%; Individual Sales Value is up 2%; Mortgage Volume is down 11.5%.

Register Meade reports that there were 617 deeds recorded at the Barnstable Registry of Deeds in May 2006 with stated sales values above $50,000.00 representing a stated value of $343,792,871.00 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 May was $365,000.00.

There were 2,189 mortgages recorded with values above $50,000.00 in May with a total value of $644,557,107.00.  The median mortgage amount, commercial, residential or other, was $210,000.00.

By way of comparison, in May 2005, there were 784 deeds recorded at the Registry of Deeds with stated sales values above $50,000.00, representing a total value of $368,215,278.00 in county-wide real estate sales. 

The median sales price, based on all property sales values above $50,000.00 was $367,750.00.

There were 2,380 mortgages recorded in May 2005 with values above $50,000.00with a total value of $1,188,301,100.00.  The median mortgage amount, commercial, residential or other, was $210,000.00.

REAL ESTATE ACTIVITY THROUGH MAY 2006 AS COMPARED TO THE SAME PERIOD IN 2005.

All figures are based on sales or mortgages ABOVE $50,000.00.    

2006 sales volume: 2,504
2005 sales volume: 3,138  

2006 total sales value:  $1,289,843,025.00
2005 total sales value:  $1,490,923,173.00  

2006 median sales price: $365,000.00
2005 median sales price: $357,500.00  

2006 mortgage volume: 9,523
2005 mortgage volume: 10,759  

2006 total mortgage value:  $3,116,838,135.00
2005 total mortgage value:  $3,443,862,976.00  

2006 median mortgage amount:  $215,000.00
2005 median mortgage amount:  $210,000.00

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:
(Sales values above $50,000.00)

M/Y           Value     % Differential/prior month

May  2005:  $367,750.00       +4.2%
June 2005:  $368,000.00       +0.1% 
July 2005:  $365,371.00       -0.7% 
Aug  2005:  $375,000.00       +2.6%
Sept 2005:  $369,000.00       -1.6%
Oct  2005:  $367,000.00       -0.5% 
Nov  2005:  $369,100.00       +1.1%
Dec  2005:  $356,550.00       -3.4%
Jan  2006:  $367,350.00       +3% 
Feb  2006:  $370,000.00       +0.7%
Mar  2006:  $354,900.00       -4.1%
Apr  2006:  $370,000.00       +4.3%         
May  2006:  $365,000.00       -1.4%         

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds