VOLUME UP, VALUE OFF AGAIN!  

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in October 2008 was up 5.3% from October 2007 volume and the total value of sales was down 9.3% from the previous year.  The median individual property sale value was down 9.6% from the previous year.  There was a 23% decrease in the volume of mortgage activity from October 2007 levels.  

Year to Date: Volume of Sales is down 5.4%; Total Value of Sales is down 17.4%; Individual Sales Value is down 10.6%; Mortgage Volume is down 18.5%.  

Register Meade reports that there were 555 deeds recorded at the Barnstable Registry of Deeds in October 2008 with stated sales values above $50,000.00 representing a stated value of $265,914,731.00 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 was $312,000.00.  

There were 1,062 mortgages recorded with values above $50,000.00 in October with a total value of $355,721,350.00.  The median mortgage amount, commercial, residential or other, was $227,241.00.  

By way of comparison, 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.  

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

2008 sales volume: 5,087
2007 sales volume: 5,375  

2008 total sales value:  $2,361,436,277.00
2007 total sales value:  $2,859,497,432.00

2008 median sales price: $310,000.00
2007 median sales price: $346,900.00  

2008 mortgage volume: 12,856
2007 mortgage volume: 15,776  

2008 total mortgage value:  $4,226,026,253.00
2007 total mortgage value:  $4,872,588,690.00  

2008 median mortgage amount:  $226,000.00
2007 median mortgage amount:  $226,000.00

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

M/Y           Value     % Differential/prior month

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%
Aug  2008:   $300,000.00          +1.7%
Sep  2008:   $310,000.00          +3.3% 
Oct  2008:   $312,000.00          +0.6%

FORECLOSURE DEEDS:  

  MONTH            YTD               

2008      53                  523
2007      39                  276

Chg.     +36%               +89.5%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds