JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF FEBRUARY 2012
VOLUME JUMPS, VALUE DIPS!
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in February 2012 was up 30% from February 2011 volume and the total value of sales was up 32% from the previous year. The median individual property sale value was down 3.3% from the previous year. There was a 23.3% increase in the volume of mortgage activity from February 2011 levels.
Year to Date: Volume of Sales is up 25%; Total Value of Sales is up 20%; Individual Sales Value is down 4.7%; Mortgage Volume is up 3.2%.
Register Meade reports that there were 386 deeds recorded at the Barnstable Registry of Deeds in February 2012 with stated sales values above $50,000.00 representing a stated value of $161,456,635.00 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 February was $251,500.00.
There were 1,356 mortgages recorded with values above $50,000.00 in February with a total value of $412,868,975.00. The median mortgage amount, commercial, residential or other, was $230,000.00.
By way of comparison, there were 297 deeds recorded at the Barnstable Registry of Deeds in February 2011 with stated sales values above $50,000.00 representing a stated value of $122,251,656.00 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 February was $260,000.00.
There were 1,100 mortgages recorded with values above $50,000.00 in February with a total value of $312,318,879.00. The median mortgage amount, commercial, residential or other, was $215,000.00.
REAL ESTATE ACTIVITY THROUGH FEBRUARY 2012
AS COMPARED TO THE SAME PERIOD IN 2011.
All figures are based on sales or mortgages ABOVE $50,000.00.
2012 sales volume: 806
2011 sales volume: 645
2012 total sales value: $323,054,856.00
2011 total sales value: $269,360,807.00
2012 median sales price: $272,500.00
2011 median sales price: $285,816.00
2012 mortgage volume: 2,737
2011 mortgage volume: 2,652
2012 total mortgage value: $964,162,829.00
2011 total mortgage value: $742,833,947.00
2012 median mortgage amount: $228,500.00
2011 median mortgage amount: $215,000.00
TRAILING TWELVE MONTHS MEDIAN SALES VALUE:
(Sales values above $50,000.00)
M/Y Value % Differential/prior month
Feb 2011: $260,000.00 -13.8 %
Mar 2011: $268,000.00 +3.1%
Apr 2011: $288,500.00 +7.6 %
May 2011: $300,000.00 +4.0%
June 2011: $275,000.00 -8.3%
July 2011: $284,500.00 +3.5%
Aug 2011: $277,000.00 -2.6%
Sep 2011: $302,000.00 +9.0%
Nov 2011: $294,000.00 -2.0%
Dec 2011: $300,000.00 +2.0%
Jan 2012: $288,700.00 -3.8 %
Feb 2012: $251,500.00 -12.9 %
FORECLOSURE DEEDS
MONTH YTD
2012 54 84
2011 29 57
Chg. +86% +47%