February 2023 Registry Recording Statistics

JOHN F. MEADE, REGISTER OF DEEDS

 

REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

 

FOR THE MONTH OF FEBRUARY 2023

 

SALES & MORTGAGE VOLUME STAY SLOW!

 

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in February 2023 was down 26.8% from February 2022 volume and the total value of sales was down 19.9% from the previous year.  The median individual property sale value was up 5.9% from the previous year.  There was a 59% decrease in the volume of mortgage activity from February 2022 levels.

 

Year to Date: Volume of Sales is down 30.1%; Total Value of Sales is down 20.8%; Individual Sales Value is up 3.8%; Mortgage Volume is down 55.7%.

 

Register Meade reports that there were 287 deeds recorded at the Barnstable Registry of Deeds in February 2023 with stated sales values above $50,000.00 representing a stated value of $232,367,652.00 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 2023 was $566,500.00.

 

There were 485 mortgages recorded with values above $50,000.00 in February 2023 with a total value of $206,307,862.00.  The median mortgage amount, commercial, residential or other, was $300,000.00.

 

By way of comparison, there were 392 deeds recorded at the Barnstable Registry of Deeds in February 2022 with stated sales values above $50,000.00 representing a stated value of $290,023,761.00 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 2022 was $535,000.00.

 

There were 1,182 mortgages recorded with values above $50,000.00 in February 2022 with a total value of $516,646,283.00.  The median mortgage amount, commercial, residential or other, was $317,650.00.

 

REAL ESTATE ACTIVITY THROUGH FEBRUARY 2023

AS COMPARED TO THE SAME PERIOD IN 2022.

 

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

2023 sales volume: 637

2022 sales volume: 923

 

2023 total sales value: $522,345,141.00

2022 total sales value: $659,328,587.00

 

2023 median sales price: $550,000.00

2022 median sales price: $530,000.00

 

2023 mortgage volume: 1,088

2022 mortgage volume: 2,455

 

2023 total mortgage value:  $591,141,922.00

2022 total mortgage value:  $1,105,156,969.00

 

2023 median mortgage amount: $301,000.00

2022 median mortgage amount: $325,000.00

 

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

M/Y                Value                          % Differential/prior month

Feb               2022:      $530,000.00                                   +1.0%

Mar              2022:      $525,000.00                                   -0.94%

Apr               2022:      $599,950.00                                  +14.3%

May              2022:      $599,000.00                                   -0.2%

June              2022:      $599,500.00                                   +0.08%

July               2022:      $600,000.00                                  +0.08%

Aug               2022:      $600,000.00                                        0%

Sep                2022:      $600,000.00                                        0%

Oct                2022:      $627,000.00                                   +4.5%

Nov               2022:      $625,000.00                                    -0.3%

Dec                2022:      $585,000.00                                   – 6.4%

Jan                2023:      $531,000.00                                   – 9.2%

Feb                2023:      $566,500.00                                  +6.7%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2022    1                                  2

2023    5                                  8         

Chg.    +400%                        +300%