JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF OCTBER 2009
SALES VOLUME UP & VALUE DOWN!
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in October 2009 was up 4.3% from October 2008 volume and the total value of sales was down 14.5% from the previous year. The median individual property sale value was down 3.8% from the previous year. There was an 11.7% increase in the volume of mortgage activity from October 2008 levels.
Year to Date: Volume of Sales is down 16.5%; Total Value of Sales is down 29%; Individual Sales Value is down 6.5%; Mortgage Volume is up 24%.
Register Meade reports that there were 579 deeds recorded at the Barnstable Registry of Deeds in October 2009 with stated sales values above $50,000.00 representing a stated value of $227,412,507.00 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 October was $300,000.00.
There were 1,186 mortgages recorded with values above $50,000.00 in October with a total value of $330,476,748.00. The median mortgage amount, commercial, residential or other, was $226,839.00.
By way of comparison, that there were 555 deeds recorded at the Barnstable Registry of Deeds in October 2008 with stated sales values above $50,000.00 representing a stated value of $265,914,731.00 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 October was $312,000.00.
There were 1,062 mortgages recorded with values above $50,000.00 in October with a total value of $355,721,350.00. The median mortgage amount, commercial, residential or other, was $227,241.00.
REAL ESTATE ACTIVITY THROUGH OCTOBER 2009
AS COMPARED TO THE SAME PERIOD IN 2008.
All figures are based on sales or mortgages ABOVE $50,000.00.
2009 sales volume: 4,247
2008 sales volume: 5,087
2009 total sales value: $1,676,293,128.00
2008 total sales value: $2,361,436,277.00
2009 median sales price: $290,000.00
2008 median sales price: $310,000.00
2009 mortgage volume: 15,957
2008 mortgage volume: 12,856
2009 total mortgage value: $4,569,781,191.00
2008 total mortgage value: $4,226,026,253.00
2009 median mortgage amount: $232,000.00
2008 median mortgage amount: $226,000.00
TRAILING TWELVE MONTHS MEDIAN SALES VALUE:
(Sales values above $50,000.00)
M/Y Value % Differential/prior month
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%
Oct 2009: $300,000.00 +1.2%
FORECLOSURE DEEDS
MONTH YTD
2009 47 392
2008 53 523
Chg. -11.3% -25%