VOLUME & VALUE DROP; MORTGAGES SEE JUMP!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in January 2009 was down 27.6% from January 2008 volume and the total value of sales was down 58.5% from the previous year.  The median individual property sale value was down 14.9% from the previous year.  There was a 20% decrease in the volume of mortgage activity from January 2008 levels.

Year to Date: Volume of Sales is down 27.6%; Total Value of Sales is down 58.5%; Individual Sales Value is down 14.9%; Mortgage Volume is up 20%.

Register Meade reports that there were 284 deeds recorded at the Barnstable Registry of Deeds in January 2009 with stated sales values above $50,000.00 representing a stated value of $111,155,100.00 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 Jan uary was $275,000.00.

There were 1,424 mortgages recorded with values above $50,000.00 in Jan uary with a total value of $465,927,615.00.  The median mortgage amount, commercial, residential or other, was $248,600.00.

By way of comparison, in January 2008, there were 392 deeds recorded at the Barnstable Registry of Deeds with stated sales values above $50,000.00 representing a stated value of $267,843,468.00 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 January was $323,000.00.

There were 1,187 mortgages recorded with values above $50,000.00 in January with a total value of $573,450,644.00.  The median mortgage amount, commercial, residential or other, was $235,200.00.

REAL ESTATE ACTIVITY THROUGH JANUARY 2009 AS COMPARED TO THE SAME PERIOD IN 2008.

All figures are based on sales or mortgages ABOVE $50,000.00.  

2009 sales volume: 284
2008 sales volume: 392  

2009 total sales value:  $111,155,100.00
2008 total sales value:  $267,843,468.00  

2009 median sales price: $275,000.00
2008 median sales price: $323,000.00  

2009 mortgage volume: 1,424
2008 mortgage volume: 1,187  

2009 total mortgage value:  $465,927,615.00
2008 total mortgage value:  $573,450,644.00  

2009 median mortgage amount:  $248,600.00
2008 median mortgage amount:  $235,200.00

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

M/Y           Value     % Differential/prior month

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%
Dec  2008:   $290,000.00          -2.5%
Jan  2009:   $275,000.00          -5.2%

FORECLOSURE DEEDS:  

  MONTH            YTD               

2008      41                  41
2007      46                  46

Chg.     -10.9%               -10.9%

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds