JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF JUNE 2009
VOLUME DROPS, VALUE EDGES DOWN; FORECLOSURES CONTINUE TO COOL!
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in June 2009 was down 20.3% from June 2008 volume and the total value of sales was down 29.9% from the previous year. The median individual property sale value was down 3.5% from the previous year. There was a 59.8% increase in the volume of mortgage activity from June 2008 levels.
Year to Date: Volume of Sales is down 26%; Total Value of Sales is down 41.5%; Individual Sales Value is down 10.4%; Mortgage Volume is up 23.9%.
Register Meade reports that there were 479 deeds recorded at the Barnstable Registry of Deeds in June 2009 with stated sales values above $50,000.00 representing a stated value of $190,949,921.00 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 June was $305,000.00.
There were 2,097 mortgages recorded with values above $50,000.00 in June with a total value of $583,386,584.00. The median mortgage amount, commercial, residential or other, was $231,200.00.
By way of comparison, there were 601 deeds recorded at the Barnstable Registry of Deeds in June 2008 with stated sales values above $50,000.00 representing a stated value of $272,526,618.00 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 June was $315,900.00.
There were 1,312 mortgages recorded with values above $50,000.00 in June with a total value of $378,843,153.00. The median mortgage amount, commercial, residential or other, was $218,403.00.
REAL ESTATE ACTIVITY THROUGH JUNE 2009
AS COMPARED TO THE SAME PERIOD IN 2008.
All figures are based on sales or mortgages ABOVE $50,000.00.
2009 sales volume: 2,208
2008 sales volume: 2,982
2009 total sales value: $849,170,702.00
2008 total sales value: $1,450,798,030.00
2009 median sales price: $285,000.00
2008 median sales price: $318,000.00
2009 mortgage volume: 10,820
2008 mortgage volume: 8,736
2009 total mortgage value: $3,023,303,868.00
2008 total mortgage value: $2,942,971,085.00
2009 median mortgage amount: $235,246.00
2008 median mortgage amount: $230,000.00
TRAILING TWELVE MONTHS MEDIAN SALES VALUE:
(Sales values above $50,000.00)
M/Y Value % Differential/prior month
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%
June 2009: $305,000.00 +3.6%
FORECLOSURE DEEDS
MONTH YTD
2009 50 249
2008 59 324
Chg. -15.3% -23.1%