SALES VOLUME CONTINUES RISE, VALUE DIPS!  

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in May 2007 was up 13.8% from May 2006 volume and the total value of sales was up 22.7% from the previous year.  The median individual property sale value was down 11% from the previous year.  There was a 13.5% decrease in the volume of mortgage activity from May 2006 levels.  

Year to Date: Volume of Sales is up 3.1%; Total Value of Sales is up 1.6%; Individual Sales Value is down 6.6%; Mortgage Volume is down 8.9%.  

Register Meade reports that there were 702 deeds recorded at the Barnstable Registry of Deeds in May 2007 with stated sales values above $50,000.00 representing a stated value of $421,945,905.00 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 $325,000.00.  

There were 1,893 mortgages recorded with values above $50,000.00 in May with a total value of $2,108,423,564.00.  The median mortgage amount, commercial, residential or other, was $250,000.00.  

By way of comparison, 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.  

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

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

2007 sales volume: 2,581
2006 sales volume: 2,504  

2007 total sales value:  $1,311,041,184.50
2006 total sales value:  $1,289,843,025.00  

2007 median sales price: $341,000.00
2006 median sales price: $365,000.00  

2007 mortgage volume: 8,675
2006 mortgage volume: 9,523  

2007 total mortgage value:  $4,159,634,063.00
2006 total mortgage value:  $3,116,838,135.00  

2007 median mortgage amount:  $234,000.00
2006 median mortgage amount:  $215,000.00

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

M/Y           Value     % Differential/prior month

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%
Apr    2007:   $340,000.00       -2.6% 
May    2007:   $325,000.00       -4.4%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds