VOLUME FLAT, VALUE DIPS!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in October 2007 was down 0.2% from October 2006 volume and the total value of sales was up 3.5% from the previous year.  The median individual property sale value was down 7.6% from the previous year.  There was a 28.1% decrease in the volume of mortgage activity from October 2006 levels.

Year to Date: Volume of Sales is up 0.7%; Total Value of Sales is down 4.5%; Individual Sales Value is down 6.1%; Mortgage Volume is down 15%.

Register Meade reports that there were 527 deeds recorded at the Barnstable Registry of Deeds in October 2007 with stated sales values above $50,000.00 representing a stated value of $293,233,435.00 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 $345,000.00.

There were 1,380 mortgages recorded with values above $50,000.00 in October with a total value of $472,429,619.00.  The median mortgage amount, commercial, residential or other, was $231,806.00.

By way of comparison, 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 2006 was $373,500.00.  

There were 1,920 mortgages recorded with values above $50,000.00 in October 2006 with a total value of $566,576,457.00.  The median mortgage amount, commercial, residential or other, was $227,250.00.

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

2007 sales volume: 5,375
2006 sales volume: 5,337  

2007 total sales value:  $2,859,497,432.00
2006 total sales value:  $2,992,712,927.00

2007 median sales price: $346,900.00
2006 median sales price: $369,400.00  

2007 mortgage volume: 15,885
2006 mortgage volume: 18,681  

2007 total mortgage value:  $7,134,324,690.00
2006 total mortgage value:  $7,459,200,354.00  

2007 median mortgage amount:  $228,000.00
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

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%
Aug  2007:   $355,000.00         +2.8% 
Sep  2007:   $387,500.00         +9.2%
Oct  2007:   $345,000.00          -11%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds