VOLUME DOWN, VALUE SEES SMALL RISE!  

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in October 2006 was down 26.6% from October 2005 volume and the total value of sales was down 25.4% from the previous year.  The median individual property sale value was up 1.8% from the previous year.  There was a 16.6% decrease in the volume of mortgage activity from October 2005 levels.  

Year to Date: Volume of Sales is down 24.3%; Total Value of Sales is down 12.9%; Individual Sales Value is up 1.2%; Mortgage Volume is down 17.8%.  

Register Meade reports that there were 528 deeds recorded at the Barnstable Registry of Deeds in October 2006 with stated sales values above $50,000.00 representing a stated value of $283,435,731.00 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 October was $373,500.00.  

There were 1,920 mortgages recorded with values above $50,000.00 in October with a total value of $566,576,457.00.  The median mortgage amount, commercial, residential or other, was $227,250.00.  

By way of comparison, in October 2005, there were 719 deeds recorded at the Registry of Deeds with stated sales values above $50,000.00, representing a total value of $379,740,880.00 in county-wide real estate sales.  The median sales price, based on all property sales values above $50,000.00 was $367,000.00.  

There were 2,303 mortgages recorded in October 2005 with values above $50,000.00with a total value of $700,392,353.00.  The median mortgage amount, commercial, residential or other, was $225,000.00.

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

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

2006 sales volume: 5,337
2005 sales volume: 7,051  

2006 total sales value:  $2,992,712,927.00
2005 total sales value:  $3,437,154,391.00  

2006 median sales price: $369,400.00
2005 median sales price: $365,000.00  

2006 mortgage volume: 18,683
2005 mortgage volume: 22,726  

2006 total mortgage value:  $6,061,700,354.00
2005 total mortgage value:  $7,137,387,817.00  

2006 median mortgage amount:  $216,000.00
2005 median mortgage amount:  $217,000.00

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

M/Y           Value     % Differential/prior month

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         +3.0% 
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%
Sep  2006:   $360,000.00         +2.9% 
Oct  2006:   $373,500.00         +3.8%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds