JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF MAY 2009
VOLUME, VALUE & FORECLOSURES ALL DROP!
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in May 2009 was down 24.9% from May 2008 volume and the total value of sales was down 38.5% from the previous year. The median individual property sale value was down 6.7% from the previous year. There was a 34.8% increase in the volume of mortgage activity from May 2008 levels.
Year to Date: Volume of Sales is down 27.4%; Total Value of Sales is down 44.1%; Individual Sales Value is down 13.8%; Mortgage Volume is up 17.5%.
Register Meade reports that 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.
By way of comparison, there were 610 deeds recorded at the Barnstable Registry of Deeds in May 2008 with stated sales values above $50,000.00 representing a stated value of $286,236,467.00 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 $315,501.00.
There were 1,490 mortgages recorded with values above $50,000.00 in May with a total value of $452,316,439.00. The median mortgage amount, commercial, residential or other, was $220,000.00.
REAL ESTATE ACTIVITY THROUGH MAY 2009
AS COMPARED TO THE SAME PERIOD IN 2008.
All figures are based on sales or mortgages ABOVE $50,000.00.
2009 sales volume: 1,729
2008 sales volume: 2,381
2009 total sales value: $658,220,780.00
2008 total sales value: $1,178,271,412.00
2009 median sales price: $275,000.00
2008 median sales price: $319,000.00
2009 mortgage volume: 8,723
2008 mortgage volume: 7,424
2009 total mortgage value: $2,439,917,283.00
2008 total mortgage value: $2,564,127,932.00
2009 median mortgage amount: $237,000.00
2008 median mortgage amount: $233,200.00
TRAILING TWELVE MONTHS MEDIAN SALES VALUE:
(Sales values above $50,000.00)
M/Y Value % Differential/prior month
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%
May 2009: $294,500.00 +1.6%
FORECLOSURE DEEDS
MONTH YTD
2009 33 199
2008 71 265
Chg. -53.4 -24.9%