JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF JULY 2009
SALES VOLUME & VALUE EDGE DOWN, MORTGAGE VOLUME JUMPS!
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in July 2009 was down 2% from July 2008 volume and the total value of sales was down 4.2% from the previous year. The median individual property sale value was down 1.4% from the previous year. There was a 45.3% increase in the volume of mortgage activity from July 2008 levels.
Year to Date: Volume of Sales is down 22.3%; Total Value of Sales is down 36.7%; Individual Sales Value is down 8.7%; Mortgage Volume is up 26.3%.
Register Meade reports that there were 528 deeds recorded at the Barnstable Registry of Deeds in July 2009 with stated sales values above $50,000.00 representing a stated value of $204,244,604.00 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 July was $291,000.00.
There were 1,630 mortgages recorded with values above $50,000.00 in July with a total value of $496,586,789.00. The median mortgage amount, commercial, residential or other, was $228,000.00.
By way of comparison, there were 539 deeds recorded at the Barnstable Registry of Deeds in July 2008 with stated sales values above $50,000.00 representing a stated value of $213,206,848.00 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 July was $295,000.00.
There were 1,122 mortgages recorded with values above $50,000.00 in July with a total value of $315,373,115.00. The median mortgage amount, commercial, residential or other, was $200,000.00.
REAL ESTATE ACTIVITY THROUGH JULY 2009
AS COMPARED TO THE SAME PERIOD IN 2008.
All figures are based on sales or mortgages ABOVE $50,000.00.
2009 sales volume: 2,736
2008 sales volume: 3,521
2009 total sales value: $1,053,415,306.00
2008 total sales value: $1,664,004,878.00
2009 median sales price: $287,000.00
2008 median sales price: $314,450.00
2009 mortgage volume: 12,450
2008 mortgage volume: 9,858
2009 total mortgage value: $3,519,890,657.00
2008 total mortgage value: $3,258,344,200.00
2009 median mortgage amount: $234,500.00
2008 median mortgage amount: $227,556.00
TRAILING TWELVE MONTHS MEDIAN SALES VALUE:
(Sales values above $50,000.00)
M/Y Value % Differential/prior month
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%
July 2009: $291,000.00 -4.6%
FORECLOSURE DEEDS
MONTH YTD
2009 27 276
2008 53 377
Chg. -49% -26.8%