CHATHAM BARS INN SALE HIGHLIGHTS A SOLID MONTH DESPITE SLIDING VOLUME!

 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 June 2006 was down 18.2% from June 2005 volume and the total value of sales was up 42% from the previous year, (Thanks in large part to the sale of the Chatham Bars Inn for $119,000,000).  The median individual property sale value was up 6% from the previous year.  There was an 18.8% decrease in the volume of mortgage activity from June 2005 levels.

Year to Date: Volume of Sales is down 19.7%; Total Value of Sales is down 0.4%; Individual Sales Value is up 3.3%; Mortgage Volume is down 12.9%.

Register Meade reports that there were 751 deeds recorded at the Barnstable Registry of Deeds in June 2006 with stated sales values above $50,000.00 representing a stated value of $653,549,819.00 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 June was $390,000.00.

There were 2,085 mortgages recorded with values above $50,000.00 in June with a total value of $874,341,351.00.  The median mortgage amount, commercial, residential or other, was $230,300.00.

By way of comparison, in June 2005, there were 918 deeds recorded at the Registry of Deeds with stated sales values above $50,000.00, representing a total value of $460,159,290.00 in county-wide real estate sales. 

The median sales price, based on all property sales values above $50,000.00 was $368,000.00.

There were 2,568 mortgages recorded in June 2005 with values above $50,000.00with a total value of $812,107,183.00.  The median mortgage amount, commercial, residential or other, was $220,000.00.

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

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

2006 sales volume: 3,255
2005 sales volume: 4,056  

2006 total sales value:  $1,943,392,845.00
2005 total sales value:  $1,951,082,463.00

2006 median sales price: $372,000.00
2005 median sales price: $360,000.00  

2006 mortgage volume: 11,608
2005 mortgage volume: 13,327

2006 total mortgage value:  $3,991,179,486.00
2005 total mortgage value:  $4,255,970,159.00  

2006 median mortgage amount:  $218,837.00
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

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%
June 2006:  $390,000.00        +6.9% 

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds