JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF AUGUST 2009
SALES
VOLUME & VALUE DOWN, MORTGAGE VOLUME SOLID!
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in August 2009 was down 7.8% from August 2008 volume and the total value of sales was down 8% from the previous year. The median individual property sale value was down 1.6% from the previous year. There was a 28.1% increase in the volume of mortgage activity from August 2008 levels.
Year to Date: Volume of Sales is down 20.5%; Total Value of Sales is down 33.7%; Individual Sales Value is down 7.1%; Mortgage Volume is up 26.1%.
Register Meade reports that there were 452 deeds recorded at the Barnstable Registry of Deeds in August 2009 with stated sales values above $50,000.00 representing a stated value of $181,103,856.00 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 August was $295,150.00.
There were 1,211 mortgages recorded with values above $50,000.00 in August with a total value of $349,308,587.00. The median mortgage amount, commercial, residential or other, was $226,000.00.
By way of comparison, there were 490 deeds recorded at the Barnstable Registry of Deeds in August 2008 with stated sales values above $50,000.00 representing a stated value of $196,857,756.00 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 August was $300,000.00.
There were 975 mortgages recorded with values above $50,000.00 in August with a total value of $284,760,785.00. The median mortgage amount, commercial, residential or other, was $223,000.00.
REAL ESTATE ACTIVITY THROUGH AUGUST 2009
AS COMPARED TO THE SAME PERIOD IN 2008.
All figures are based on sales or mortgages ABOVE $50,000.00.
2009 sales volume: 3,188
2008 sales volume: 4,011
2009 total sales value: $1,234,519,162.00
2008 total sales value: $1,860,862,634.00
2009 median sales price: $288,000.00
2008 median sales price: $310,000.00
2009 mortgage volume: 13,661
2008 mortgage volume: 10,833
2009 total mortgage value: $3,869,199,244.00
2008 total mortgage value: $3,543,104,986.00
2009 median mortgage amount: $233,000.00
2008 median mortgage amount: $227,000.00
TRAILING TWELVE MONTHS MEDIAN SALES VALUE:
(Sales values above $50,000.00)
M/Y Value % Differential/prior month
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%
Aug 2009: $295,150.00 +1.4%
FORECLOSURE DEEDS
MONTH YTD
2009 40 316
2008 48 425
Chg. -16.7% -25.6%