VOLUME FLAT, VALUE CONTINUES TO DIP!  

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in July 2007 was down 1.5% from July 2006 volume and the total value of sales was down 9.5% from the previous year.  The median individual property sale value was down 5.3% from the previous year.  There was a 17.1% decrease in the volume of mortgage activity from July 2006 levels.  

Year to Date: Volume of Sales is down 0.3%; Total Value of Sales is down 15%; Individual Sales Value is down 8.4%; Mortgage Volume is down 10.8%.  

Register Meade reports that there were 518 deeds recorded at the Barnstable Registry of Deeds in July 2007 with stated sales values above $50,000.00 representing a stated value of $240,902,130.00 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 July was $345,500.00.  

There were 1,457 mortgages recorded with values above $50,000.00 in July with a total value of $417,239,157.00.  The median mortgage amount, commercial, residential or other, was $204,120.00.  

By way of comparison, there were 526 deeds recorded at the Barnstable Registry of Deeds in July 2006 with stated sales values above $50,000.00 representing a stated value of $266,175,690.00 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 July was $365,000.00.  

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

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

2007 sales volume: 3,768
2006 sales volume: 3,781  

2007 total sales value:  $1,877,156,214.00
2006 total sales value:  $2,209,568,535.00  

2007 median sales price: $340,000.00
2006 median sales price: $371,000.00  

2007 mortgage volume: 11,860
2006 mortgage volume: 13,301  

2007 total mortgage value:  $5,103,172,148.00
2006 total mortgage value:  $5,856,287,332.00  

2007 median mortgage amount:  $230,000.00
2006 median mortgage amount:  $216,000.00

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

M/Y           Value     % Differential/prior month

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%
June 2007:   $338,000.00           +4%
July 2007:   $345,500.00         +2.2%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds