VOLUME DROPS, VALUE DIPS!  
 

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in November 2008 was down 34.4% from November 2007 volume and the total value of sales was down 50.3% from the previous year.  The median individual property sale value was down 9.8% from the previous year.  There was a 47% decrease in the volume of mortgage activity from November 2007 levels.  

Year to Date: Volume of Sales is down 7.8%; Total Value of Sales is down 20%; Individual Sales Value is down 10.1%; Mortgage Volume is down 20.6%.  

Register Meade reports that there were 321 deeds recorded at the Barnstable Registry of Deeds in November 2008 with stated sales values above $50,000.00 representing a stated value of $122,301,430.00 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 November was $297,500.00.  

There were 671 mortgages recorded with values above $50,000.00 in November with a total value of $201,241,748.00.  The median mortgage amount, commercial, residential or other, was $217,000.00.  

By way of comparison, there were 489 deeds recorded at the Barnstable Registry of Deeds in November 2007 with stated sales values above $50,000.00 representing a stated value of $246,209,893.00 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 November was $330,000.00.  

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

2008 sales volume: 5,408
2007 sales volume: 5,864  

2008 total sales value:  $2,483,737,707.00
2007 total sales value:  $3,105,707,324.00  

2008 median sales price: $310,000.00
2007 median sales price: $345,000.00  

2008 mortgage volume: 13,527
2007 mortgage volume: 17,044  

2008 total mortgage value:  $4,427,268,001.00
2007 total mortgage value:  $5,361,353,269.00  

2008 median mortgage amount:  $225,000.00
2007 median mortgage amount:  $225,000.00

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

M/Y           Value     % Differential/prior month

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%
Nov  2008:   $297,500.00         -4.6%

FORECLOSURE DEEDS:  

  MONTH            YTD               

2008      37                  560
2007      35                  311

Chg.     +5.6%               +80%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds