VOLUME EDGES UP, VALUE CONTINUES TO FALL!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in July 2008 was up 4.1% from July 2007 volume and the total value of sales was down 11.4% from the previous year.  The median individual property sale value was down 14.6% from the previous year.  There was a 22.8% decrease in the volume of mortgage activity from July 2007 levels.

Year to Date: Volume of Sales is down 6.6%; Total Value of Sales is down 11.4%; Individual Sales Value is down 7.5%; Mortgage Volume is down 16.1%.

Register Meade reports that there were 539 deeds recorded at the Barnstable Registry of Deeds in July 2008 with stated sales values above $50,000.00 representing a stated value of $213,206,848.00 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 $295,000.00.

There were 1,122 mortgages recorded with values above $50,000.00 in July with a total value of $315,373,115.00.  The median mortgage amount, commercial, residential or other, was $200,000.00.

By way of comparison, 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 2007 was $345,500.00.  

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

2008 sales volume: 3,521
2007 sales volume: 3,768  

2008 total sales value:  $1,664,004,878.00
2007 total sales value:  $1,877,156,214.00  

2008 median sales price: $314,450.00
2007 median sales price: $340,000.00  

2008 mortgage volume: 9,858
2007 mortgage volume: 11,741  

2008 total mortgage value:  $3,258,344,200.00
2007 total mortgage value:  $3,579,137,148.00  

2008 median mortgage amount:  $227,556.00
2007 median mortgage amount:  $228,000.00

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

M/Y           Value     % Differential/prior month

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%
July 2008:   $295,000.00          -6.6%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds