JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF NOVEMBER 2009
FALSE POSITIVE? NOVEMBER ‘09 LOOKS GREAT COMPARED TO ‘08!
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in November 2009 was up 46.4% from November 2008 volume and the total value of sales was up 56% from the previous year. The median individual property sale value was down 2.4% from the previous year. There was a 127% increase in the volume of mortgage activity from November 2008 levels.
Year to Date: Volume of Sales is down 12.8%; Total Value of Sales is down 24.8%; Individual Sales Value is down 6.5%; Mortgage Volume is up 27%.
Register Meade reports that there were 470 deeds recorded at the Barnstable Registry of Deeds in November 2009 with stated sales values above $50,000.00 representing a stated value of $190,763,445.00 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 November was $290,000.00.
There were 1,251 mortgages recorded with values above $50,000.00 in November with a total value of $381,116,196.00. The median mortgage amount, commercial, residential or other, was $227,500.00.
By way of comparison, there were 321 deeds recorded at the Barnstable Registry of Deeds in November 2008 with stated sales values above $50,000.00 representing a stated value of $122,301,430.00 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 November was $297,500.00.
There were 671 mortgages recorded with values above $50,000.00 in November with a total value of $201,241,748.00. The median mortgage amount, commercial, residential or other, was $217,000.00.
REAL ESTATE ACTIVITY THROUGH NOVEMBER 2009
AS COMPARED TO THE SAME PERIOD IN 2008.
All figures are based on sales or mortgages ABOVE $50,000.00.
2009 sales volume: 4,717
2008 sales volume: 5,408
2009 total sales value: $1,867,056,573.00
2008 total sales value: $2,483,737,707.00
2009 median sales price: $290,000.00
2008 median sales price: $310,000.00
2009 mortgage volume: 17,208
2008 mortgage volume: 13,527
2009 total mortgage value: $4,950,897,387.00
2008 total mortgage value: $4,427,268,001.00
2009 median mortgage amount: $232,000.00
2008 median mortgage amount: $225,000.00
TRAILING TWELVE MONTHS MEDIAN SALES VALUE:
(Sales values above $50,000.00)
M/Y Value % Differential/prior month
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%
Nov 2009: $290,000.00 -3.3%
FORECLOSURE DEEDS
MONTH YTD
2009 40 432
2008 37 560
Chg. +8.1% -22.9%