VOLUME & VALUE DROP; MORTGAGES SEE JUMP!

 

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in February 2009 was down 21.8% from February 2008 volume and the total value of sales was down 28.4% from the previous year.  The median individual property sale value was down 24.3% from the previous year.  There was a 28.4% increase in the volume of mortgage activity from February 2008 levels.

 

Year to Date: Volume of Sales is down 24.9%; Total Value of Sales is down 47.3%; Individual Sales Value is down 19.7%; Mortgage Volume is up 24.4%.

 

Register Meade reports that there were 266 deeds recorded at the Barnstable Registry of Deeds in February 2009 with stated sales values above $50,000.00 representing a stated value of $113,314,798.00 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 February was $249,900.00.

 

There were 1,684 mortgages recorded with values above $50,000.00 in February with a total value of $458,531,934.00.  The median mortgage amount, commercial, residential or other, was $240,000.00.

 

By way of comparison, in February 2008, there were 340 deeds recorded at the Barnstable Registry of Deeds with stated sales values above $50,000.00 representing a stated value of $158,161,316.00 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 February was $329,950.00.

 

There were 1,312 mortgages recorded with values above $50,000.00 in February with a total value of $455,871,657.00.  The median mortgage amount, commercial, residential or other, was $247,825.00.

 

 

 

REAL ESTATE ACTIVITY THROUGH FEBRUARY 2009

AS COMPARED TO THE SAME PERIOD IN 2008.

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

 

2009 sales volume: 550

2008 sales volume: 732

 

2009 total sales value:  $224,469,898.00

2008 total sales value:  $426,004,784.00

 

2009 median sales price: $261,000.00

2008 median sales price: $325,000.00

 

2009 mortgage volume: 3,108

2008 mortgage volume: 2,499

 

2009 total mortgage value:  $924,459,549.00

2008 total mortgage value:  $1,029,322,301.00

 

2009 median mortgage amount:  $243,350.00

2008 median mortgage amount:  $240,093.00

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                 Value                          % Differential/prior month

 

Feb        2008:   $329,950.00                             +1.4 %

Mar       2008:   $310,000.00                              -6.0%

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 %

Feb        2009:   $249,900.00                              -9.1 %

 

FORECLOSURE DEEDS

 

MONTH                                 YTD               

2009    41                                            82                                                                                           

2008    38                                            83

Chg.    +7.9%                                     -1.2%