SALES & VOLUME BEGIN TO FLATTEN OUT!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in March 2007 was down 1.1% from March 2006 volume and the total value of sales was down 1.25% from the previous year.  The median individual property sale value was down 1.7% from the previous year.  There was a 16.6% decrease in the volume of mortgage activity from March 2006 levels.

Year to Date: Volume of Sales is down 2%; Total Value of Sales is down 7%; Individual Sales Value is down 4.3%; Mortgage Volume is down 8.6%.

Register Meade reports that there were 541 deeds recorded at the Barnstable Registry of Deeds in March 2007 with stated sales values above $50,000.00 representing a stated value of $268,033,340.00 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 March was $348,800.00.

There were 1,760 mortgages recorded with values above $50,000.00 in March with a total value of $540,845,437.00.  The median mortgage amount, commercial, residential or other, was $232,000.00.

By way of comparison, there were 547 deeds recorded at the Barnstable Registry of Deeds in March 2006 with stated sales values above $50,000.00 representing a stated value of $271,426,983.00 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 March was $354,900.00.

There were 2,110 mortgages recorded with values above $50,000.00 in March with a total value of $740,210,509.00.  The median mortgage amount, commercial, residential or other, was $225,000.00.

REAL ESTATE ACTIVITY THROUGH MARCH 2007 AS COMPARED TO THE SAME PERIOD IN 2006.

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

2007 sales volume: 1,339
2006 sales volume: 1,366  

2007 total sales value:  $641,407,493.00
2006 total sales value:  $688,763,226.00  

2007 median sales price: $349,000.00
2006 median sales price: $364,500.00  

2007 mortgage volume: 4,990
2006 mortgage volume: 5,460  

2007 total mortgage value:  $1,539,428,270.00
2006 total mortgage value:  $1,933,458,252.00  

2007 median mortgage amount:  $231,100.00
2006 median mortgage amount:  $219,950.00

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

M/Y           Value     % Differential/prior month

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%
Nov  2006:   $355,000.00          -4.8% 
Dec  2006:   $350,000.00          -1.4%
Jan  2007:   $350,000.00             0%
Feb  2007:   $338,750.00          -3.2% 
Mar  2007:   $349,000.00            +3%  

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds