REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY FOR THE MONTH OF MARCH 2009


 

VOLUME & VALUE CONTINUE TO DROP; FORECLOSURES DIP!

 

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in March 2009 was down 16.8% from March 2008 volume and the total value of sales was down 34.5% from the previous year.  The median individual property sale value was down 14.5% from the previous year.  There was a 12.2% increase in the volume of mortgage activity from March 2008 levels.

 

Year to Date: Volume of Sales is down 26.1%; Total Value of Sales is down 46.7%; Individual Sales Value is down 17.2%; Mortgage Volume is up 15.1%.

 

Register Meade reports that there were 381 deeds recorded at the Barnstable Registry of Deeds in March 2009 with stated sales values above $50,000.00 representing a stated value of $136,189,326.00 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 March was $265,000.00.

 

There were 1,868 mortgages recorded with values above $50,000.00 in March with a total value of $508,402,021.00.  The median mortgage amount, commercial, residential or other, was $226,698.00.

 

By way of comparison, there were 458 deeds recorded at the Barnstable Registry of Deeds in March 2008 with stated sales values above $50,000.00 representing a stated value of $208,008,745.00 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 March was $310,000.00.

 

There were 1,665 mortgages recorded with values above $50,000.00 in March with a total value of $518,545,241.00.  The median mortgage amount, commercial, residential or other, was $231,000.00.

 

 

 

 

 

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: 931

2008 sales volume: 1,260

 

2009 total sales value:  $360,659,224.00

2008 total sales value:  $677,195,942.00

 

2009 median sales price: $265,000.00

2008 median sales price: $320,000.00

 

2009 mortgage volume: 4,976

2008 mortgage volume: 4,322

 

2009 total mortgage value:  $1,432,861,570.00

2008 total mortgage value:  $1,604,275,172.00

 

2009 median mortgage amount:  $238,950.00

2008 median mortgage amount:  $240,000.00

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                 Value                          % Differential/prior month

 

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 %

Mar       2009:   $265,000.00                              +6 %

 

FORECLOSURE DEEDS

 

MONTH                                 YTD               

2009    48                                            130                                                                                         

2008    50                                            134

Chg.    -4%                                        -3%

 

                                                                    John F. Meade
                                                                    Barnstable Register of Deeds
 
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