JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF MAY 2010
VOLUME RISES, VALUE DIPS!
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in May 2010 was up 24.5% from May 2009 volume and the total value of sales was up 47.3% from the previous year. The median individual property sale value was down 3.2% from the previous year. There was a 46.1% decrease in the volume of mortgage activity from May 2009 levels.
Year to Date: Volume of Sales is up 34.4%; Total Value of Sales is up 44.3%; Individual Sales Value is up 3.6%; Mortgage Volume is down 38.2%.
Register Meade reports that there were 570 deeds recorded at the Barnstable Registry of Deeds in May 2010 with stated sales values above $50,000.00 representing a stated value of $259,237,094.00 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 May was $285,000.00.
There were 1,083 mortgages recorded with values above $50,000.00 in May with a total value of $339,842,141.00. The median mortgage amount, commercial, residential or other, was $208,800.00.
By way of comparison, there were 458 deeds recorded at the Barnstable Registry of Deeds in May 2009 with stated sales values above $50,000.00 representing a stated value of $176,011,347.00 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 May was $294,500.00.
There were 2010 mortgages recorded with values above $50,000.00 in May with a total value of $530,546,924.00. The median mortgage amount, commercial, residential or other, was $230,980.00.
REAL ESTATE ACTIVITY THROUGH MAY 2010
AS COMPARED TO THE SAME PERIOD IN 2009.
All figures are based on sales or mortgages ABOVE $50,000.00.
2010 sales volume: 2,324
2009 sales volume: 1,729
2010 total sales value: $949,588,011.00
2009 total sales value: $658,220,780.00
2010 median sales price: $285,000.00
2009 median sales price: $275,000.00
2010 mortgage volume: 5,391
2009 mortgage volume: 8,723
2010 total mortgage value: $1,624,188,423.00
2009 total mortgage value: $2,439,917,283.00
2010 median mortgage amount: $221,000.00
2009 median mortgage amount: $237,000.00
TRAILING TWELVE MONTHS MEDIAN SALES VALUE:
(Sales values above $50,000.00)
M/Y Value % Differential/prior month
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%
Dec 2009: $315,000.00 +8.6%
Jan 2010: $294,000.00 -6.7 %
Feb 2010: $275,000.00 -6.5 %
Mar 2010: $271,033.00 -1.4 %
Apr 2010: $300,000.00 +10.7%
May 2010: $285,000.00 -5.0%
FORECLOSURE DEEDS (Sales values above $50,000)
MONTH YTD
2010 76 342
2009 33 199
Chg. +130.3% +71.8%