JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF APRIL 2009
FORECLOSURES SEE LARGE DROP!
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in April 2009 was down 33.5% from April 2008 volume and the total value of sales was down 43.4% from the previous year. The median individual property sale value was down 8% from the previous year. There was a 7.8% increase in the volume of mortgage activity from April 2008 levels.
Year to Date: Volume of Sales is down 28.2%; Total Value of Sales is down 45.9%; Individual Sales Value is down 15.6%; Mortgage Volume is up 13%.
Register Meade reports that there were 340 deeds recorded at the Barnstable Registry of Deeds in April 2009 with stated sales values above $50,000.00 representing a stated value of $121,550,210.00 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 April was $289,750.00.
There were 1,737 mortgages recorded with values above $50,000.00 in April with a total value of $476,508,789.00. The median mortgage amount, commercial, residential or other, was $240,000.00.
By way of comparison, there were 511 deeds recorded at the Barnstable Registry of Deeds in April 2008 with stated sales values above $50,000.00 representing a stated value of $214,839,004.00 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 April was $315,000.00.
There were 1,612 mortgages recorded with values above $50,000.00 in April with a total value of $507,536,321.00. The median mortgage amount, commercial, residential or other, was $231,875.00.
REAL ESTATE ACTIVITY THROUGH APRIL 2009
AS COMPARED TO THE SAME PERIOD IN 2008.
All figures are based on sales or mortgages ABOVE $50,000.00.
2009 sales volume: 1,271
2008 sales volume: 1,771
2009 total sales value: $482,209,434.00
2008 total sales value: $892,034,945.00
2009 median sales price: $270,000.00
2008 median sales price: $320,000.00
2009 mortgage volume: 6,713
2008 mortgage volume: 5,934
2009 total mortgage value: $1,909,370,359.00
2008 total mortgage value: $2,111,811,493.00
2009 median mortgage amount: $239,000.00
2008 median mortgage amount: $236,000.00
TRAILING TWELVE MONTHS MEDIAN SALES VALUE:
(Sales values above $50,000.00)
M/Y Value % Differential/prior month
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%
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%
FORECLOSURE DEEDS
MONTH YTD
2009 36 166
2008 60 194
Chg. -40% -14.4%