February 2024 Recording Statistics

JOHN F. MEADE, REGISTER OF DEEDS

REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

FOR THE MONTH OF FEBRUARY 2024

SALES & MORTGAGE VOLUME RISE!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in February 2024 was up 14.3% from February 2023 volume and the total value of sales was up 5.2% from the previous year.  The median individual property sale value was up 10.3% from the previous year.  There was a 1.4% increase in the volume of mortgage activity from February 2023 levels.

Year to Date: Volume of Sales is up 0.2%; Total Value of Sales is down 1.9%; Individual Sales Value is up 9.1%; Mortgage Volume is down 7.6%.

 Register Meade reports that there were 328 deeds recorded at the Barnstable Registry of Deeds in February 2024 with stated sales values above $50,000.00 representing a stated value of $244,428,459.00 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 2024 was $625,000.00.

There were 492 mortgages recorded with values above $50,000.00 in February 2024 with a total value of $238,614,956.00.  The median mortgage amount, commercial, residential, or other, was $300,000.00.

By way of comparison, 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.

REAL ESTATE ACTIVITY THROUGH FEBRUARY 2024

AS COMPARED TO THE SAME PERIOD IN 2023.

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

 

2024 sales volume: 638

2023 sales volume: 637

 

2024 total sales value: $512,371,921.00

2023 total sales value: $522,345,141.00

 

2024 median sales price: $599,950.00

2023 median sales price: $550,000.00

 

2024 mortgage volume: 1,005

2023 mortgage volume: 1,088

 

2024 total mortgage value:  $627,200,010.00

2023 total mortgage value:  $591,141,922.00

 

2024 median mortgage amount: $300,000.00

2023 median mortgage amount: $301,000.00

 

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

Feb                2023:      $566,500.00                                  +6.7%

Mar               2023:      $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                2023:      $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%

Jan                 2024:      $590,000.00                                  +2.6%

Feb                 2024:      $625,000.00                                 +5.9%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2023    5                                  8

2024    4                                  7         

Chg.    -20%                           -12.5%