VOLUME CONTINUES SLIDE, VALUE DIPS!

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 MORTGAGES ABOVE THAT AMOUNT WILL BE INCLUDED.   

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in August 2006 was down 33.6% from August 2005 volume and the total value of sales was down 33.3% from the previous year.  The median individual property sale value was down 6.7% from the previous year.  There was a 27.3% decrease in the volume of mortgage activity from August 2005 levels.  

Year to Date: Volume of Sales is down 23.2%; Total Value of Sales is down 8.3%; Individual Sales Value is up 1.7%; Mortgage Volume is down 16.9%.  

Register Meade reports that there were 489 deeds recorded at the Barnstable Registry of Deeds in August 2006 with stated sales values above $50,000.00 representing a stated value of $235,690,182.00 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 August was $350,000.00.

There were 1,823 mortgages recorded with values above $50,000.00 in August with a total value of $551,559,848.00.  The median mortgage amount, commercial, residential or other, was $200,000.00.

By way of comparison, in August 2005, there were 736 deeds recorded at the Registry of Deeds with stated sales values above $50,000.00, representing a total value of $353,589,100.00 in county-wide real estate sales. 

The median sales price, based on all property sales values above $50,000.00 was $375,000.00.

There were 2,507 mortgages recorded in August 2005 with values above $50,000.00with a total value of $820,066,920.00.  The median mortgage amount, commercial, residential or other, was $220,000.00.

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

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

2006 sales volume: 4,270
2005 sales volume: 5,559  

2006 total sales value:  $2,445,258,717.00
2005 total sales value:  $2,665,111,171.00  

2006 median sales price: $370,000.00
2005 median sales price: $364,000.00  

2006 mortgage volume: 15,124
2005 mortgage volume: 18,202  

2006 total mortgage value:  $5,010,347,180.00
2005 total mortgage value:  $5,747,148,530.00  

2006 median mortgage amount:  $214,503.00
2005 median mortgage amount:  $215,000.00

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

M/Y           Value     % Differential/prior month

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% 
July 2006:   $365,000.00            -6.4% 
Aug  2006:   $350,000.00            -4.1%         

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds