JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF SEPTEMBER 2009
SALES VOLUME & VALUE CONTINUE TO SLIP!
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in September 2009 was down 7.9% from September 2008 volume and the total value of sales was down 8.6% from the previous year. The median individual property sale value was down 4.4% from the previous year. There was a 15.5% increase in the volume of mortgage activity from September 2008 levels.
Year to Date: Volume of Sales is down 19%; Total Value of Sales is down 30.9%; Individual Sales Value is down 6.5%; Mortgage Volume is up 25.2%.
Register Meade reports that there were 480 deeds recorded at the Barnstable Registry of Deeds in September 2009 with stated sales values above $50,000.00 representing a stated value of $214,361,459.00 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 September was $296,300.00.
There were 1,110 mortgages recorded with values above $50,000.00 in September with a total value of $370,105,199.00. The median mortgage amount, commercial, residential or other, was $229,000.00.
By way of comparison, that there were 521 deeds recorded at the Barnstable Registry of Deeds in September 2008 with stated sales values above $50,000.00 representing a stated value of $234,658,912.00 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 September was $310,000.00.
There were 961 mortgages recorded with values above $50,000.00 in September with a total value of $327,199,918.00. The median mortgage amount, commercial, residential or other, was $216,000.00.
REAL ESTATE ACTIVITY THROUGH SEPTEMBER 2009
AS COMPARED TO THE SAME PERIOD IN 2008.
All figures are based on sales or mortgages ABOVE $50,000.00.
2009 sales volume: 3,668
2008 sales volume: 4,532
2009 total sales value: $1,448,880,622.00
2008 total sales value: $2,095,521,546.00
2009 median sales price: $289,950.00
2008 median sales price: $310,000.00
2009 mortgage volume: 14,771
2008 mortgage volume: 11,794
2009 total mortgage value: $4,239,304,443.00
2008 total mortgage value: $3,870,304,904.00
2009 median mortgage amount: $233,000.00
2008 median mortgage amount: $225,925.00
TRAILING TWELVE MONTHS MEDIAN SALES VALUE:
(Sales values above $50,000.00)
M/Y Value % Differential/prior month
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 %
Apr 2009: $289,750.00 +9.3%
May 2009: $294,500.00 +1.6%
June 2009: $305,000.00 +3.6%
July 2009: $291,000.00 -4.6%
Aug 2009: $295,150.00 +1.4%
FORECLOSURE DEEDS
MONTH YTD
2009 29 345
2008 45 470
Chg. -35.6% -26.6%