December 2023 Registry Recording Statistics

JOHN F. MEADE, REGISTER OF DEEDS

 REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

 FOR THE MONTH OF DECEMBER 2023

 SALES VOLUME & VALUE FALL!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in December 2023 was down 12.6% from December 2022 volume and the total value of sales was down 14.1% from the previous year.  The median individual property sale value was down 1.7% from the previous year.  There was a 21.3% decrease in the volume of mortgage activity from December 2022 levels.

Year to Date: Volume of Sales is down 19.1%; Total Value of Sales is down 19%; Individual Sales Value is up 6.8%; Mortgage Volume is down 37.9%.

 Register Meade reports that there were 417 deeds recorded at the Barnstable Registry of Deeds in December 2023 with stated sales values above $50,000.00 representing a stated value of $376,471,423.00 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 December 2023 was $575,000.00.

There were 591 mortgages recorded with values above $50,000.00 in December 2023 with a total value of $379,995,925.00.  The median mortgage amount, commercial, residential or other, was $332,000.00.

By way of comparison, there were 477 deeds recorded at the Barnstable Registry of Deeds in December 2022 with stated sales values above $50,000.00 representing a stated value of $438,380,619.00 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 December 2022 was $585,000.00.

There were 751 mortgages recorded with values above $50,000.00 in December 2022 with a total value of $465,547,119.00.  The median mortgage amount, commercial, residential or other, was $350,000.00.

 

REAL ESTATE ACTIVITY THROUGH DECEMBER 2023

AS COMPARED TO THE SAME PERIOD IN 2022.

All figures are based on sales or mortgages ABOVE $50,000.00.

2023 sales volume: 5,315

2022 sales volume: 6,572

 

2023 total sales value: $4,546,331,495.00

2022 total sales value: $5,615,049,949.00

 

2023 median sales price: $620,000.00

2022 median sales price: $580,500.00

 

2023 mortgage volume: 7,608

2022 mortgage volume: 12,252

 

2023 total mortgage value:  $3,895,971,725.00

2022 total mortgage value:  $6,398,447,801.00

 

2023 median mortgage amount: $337,200.00

2022 median mortgage amount: $330,000.00

 

 TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

Dec                2022:      $585,000.00                                   – 6.4%

Jan                2023:      $531,000.00                                   – 9.2%

Feb                2023:      $566,500.00                                  +6.7%

Mar               2022:      $603,750.00                                  +6.6%

Apr                2023:      $630,000.00                                  +4.3%

May               2023:      $610,000.00                                  -3.2%

June               2023:      $625,000.00                                  +2.5%

July                2022:      $626,000.00                                 +0.2%

Aug                2023:      $630,000.00                                  +0.6%

Sep                 2023:      $650,000.00                                   +3.2%

Oct                 2023:      $675,000.00                                  +3.8%

Nov                2023:      $630,000.00                                   -6.7%

Dec                 2023:      $575,000.00                                  – 8.7%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2022    2                                  48

2023    5                                  50       

Chg.    +150%                        +4.2%