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Community Preservation Act Fee Increase

Community Preservation Act Fee Increase

The Commonwealth of Massachusetts Fiscal Year 2020 budget included a provision aimed at increasing funds available to towns and cities through the Community Preservation Act (CPA). The budget signed by Governor Baker included the following language amending sections of the M.G.L. and increasing the fees collected at the registries of deeds for the CPA…. “SECTION 29. Section 8 of chapter 44B of the General Laws, as so appearing, is hereby amended by striking out, in lines 3, 8 and 23, the figure “$20” and inserting in place thereof, in each instance, the following figure:- $50.” “SECTION 30. Said section 8 of said chapter 44B, as so appearing, is hereby further amended by striking out, in lines 10, 14 and 24, the figure “$10” and inserting in place thereof, in each instance, the following figure:- $25.” At this point our understanding is that these changes will be implemented on December 31, 2019, but we are waiting on formal guidance and confirmation from the Commonwealth of Massachusetts Department of Revenue. Stay...
August 2019 Registry Recording Statistics

August 2019 Registry Recording Statistics

JOHN F. MEADE, REGISTER OF DEEDS REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY FOR THE MONTH OF AUGUST 2019 SALES VALE AND MORTGAGE VOLUME CLIMB! Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in August 2019 was down 2.9% from August 2018 volume and the total value of sales was up 8.7% from the previous year.  The median individual property sale value was up 6.8% from the previous year.  There was a 17% increase in the volume of mortgage activity from August 2018 levels. Year to Date: Volume of Sales is down 1.9%; Total Value of Sales is up 5.5%; Individual Sales Value is up 3.2%; Mortgage Volume is up 1.5%. Register Meade reports that there were 665 deeds recorded at the Barnstable Registry of Deeds in July 2019 with stated sales values above $50,000.00 representing a stated value of $379,171,781.00 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 2019 was $399,000.00. There were 1,163 mortgages recorded with values above $50,000.00 in August 2019 with a total value of $466,529,640.00.  The median mortgage amount, commercial, residential or other, was $300,000.00. By way of comparison, there were 685 deeds recorded at the Barnstable Registry of Deeds in August 2018 with stated sales values above $50,000.00 representing a stated value of $348,864,366.00 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 2018 was $373,500.00. There were 994 mortgages recorded with values above...
July 2019 Recording Statistics

July 2019 Recording Statistics

JOHN F. MEADE, REGISTER OF DEEDS REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY FOR THE MONTH OF JULY 2019 MORTGAGE VOLUME JUMPS! Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in July 2019 was down 2.5% from July 2018 volume and the total value of sales was up 3.5% from the previous year.  The median individual property sale value was up 2.7% from the previous year.  There was a 24.8% increase in the volume of mortgage activity from July 2018 levels. Year to Date: Volume of Sales is down 1.7%; Total Value of Sales is up 5%; Individual Sales Value is up 2.7%; Mortgage Volume is down 0.8%. Register Meade reports that there were 618 deeds recorded at the Barnstable Registry of Deeds in July 2019 with stated sales values above $50,000.00 representing a stated value of $328,110,176.00 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 2019 was $385,000.00. There were 1,097 mortgages recorded with values above $50,000.00 in July 2019 with a total value of $408,579,484.00.  The median mortgage amount, commercial, residential or other, was $292,000.00. By way of comparison, there were 634 deeds recorded at the Barnstable Registry of Deeds in July 2018 with stated sales values above $50,000.00 representing a stated value of $317,099,878.00 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 2018 was $375,000.00. There were 879 mortgages recorded with values above $50,000.00 in July...

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