VOLUME, VALUE DOWN AGAIN!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in June 2008 was down 10.2% from June 2007 volume and the total value of sales was down 16.2% from the previous year.  The median individual property sale value was down 6.5% from the previous year.  There was a 24.1% decrease in the volume of mortgage activity from June 2007 levels.

Year to Date: Volume of Sales is down 8.2%; Total Value of Sales is down 11.3%; Individual Sales Value is down 6.5%; Mortgage Volume is down 15.1%.

Register Meade reports that there were 601 deeds recorded at the Barnstable Registry of Deeds in June 2008 with stated sales values above $50,000.00 representing a stated value of $272,526,618.00 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 June was $315,900.00.

There were 1,312 mortgages recorded with values above $50,000.00 in June with a total value of $378,843,153.00.  The median mortgage amount, commercial, residential or other, was $218,403.00.

By way of comparison, there were 669 deeds recorded at the Barnstable Registry of Deeds in June 2007 with stated sales values above $50,000.00 representing a stated value of $325,212,890.00 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 June was $338,000.00.

There were 1,728 mortgages recorded with values above $50,000.00 in June with a total value of $526,298,928.00.  The median mortgage amount, commercial, residential or other, was $230,000.00.

REAL ESTATE ACTIVITY THROUGH JUNE 2008 AS COMPARED TO THE SAME PERIOD IN 2007.

2008 sales volume: 2,982
2007 sales volume: 3,250  

2008 total sales value:  $1,450,798,030.00
2007 total sales value:  $1,636,254,084.00  

2008 median sales price: $318,000.00
2007 median sales price: $340,000.00  

2008 mortgage volume: 8,736
2007 mortgage volume: 10,294  

2008 total mortgage value:  $2,942,971,085.00
2007 total mortgage value:  $3,163,287,990.00  

2008 median mortgage amount:  $230,000.00
2007 median mortgage amount:  $230,000.00

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

M/Y           Value     % Differential/prior month

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%
Nov  2007:   $330,000.00         +4.3%
Dec  2007:   $329,000.00         -0.3%
Jan  2008:   $323,000.00         -1.8%
Feb  2008:   $327,450.00         +1.4%
Mar  2008:   $310,000.00         -5.3% 
Apr  2008:   $315,000.00         +1.6%
May  2008:   $315,501.00         +0.16% 
June 2008:   $315,900.00         +0.13%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds