January 2023 Registry Recording Statistics

 

JOHN F. MEADE, REGISTER OF DEEDS

 

REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

 

FOR THE MONTH OF JANUARY 2023

 

SALES & MORTGAGE VOLUME CONTINUE TO FALL!

 

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in January 2023 was down 34% from January 2022 volume and the total value of sales was down 21.5% from the previous year.  The median individual property sale value was up 1.3% from the previous year.  There was a 52.6% decrease in the volume of mortgage activity from January 2022 levels.

 

Year to Date: Volume of Sales is down 34%; Total Value of Sales is down 21.5%; Individual Sales Value is up 1.3%; Mortgage Volume is down 52.6%.

 

Register Meade reports that there were 350 deeds recorded at the Barnstable Registry of Deeds in January 2023 with stated sales values above $50,000.00 representing a stated value of $289,977,490.00 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 January 2023 was $531,000.00.

 

There were 603 mortgages recorded with values above $50,000.00 in January 2023 with a total value of $384,834.060.00.  The median mortgage amount, commercial, residential or other, was $316,000.00.

 

By way of comparison, there were 531 deeds recorded at the Barnstable Registry of Deeds in January 2022 with stated sales values above $50,000.00 representing a stated value of $369,304,826.00 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 January 2022 was $525,000.00.

 

There were 1,273 mortgages recorded with values above $50,000.00 in January 2022 with a total value of $588,510,686.00.  The median mortgage amount, commercial, residential or other, was $329,000.00.

 

 

REAL ESTATE ACTIVITY THROUGH JANUARY 2023

AS COMPARED TO THE SAME PERIOD IN 2022.

 

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

 

2023 sales volume: 350

2022 sales volume: 531

 

2023 total sales value: $289,977,490.00

2022 total sales value: $369,304,826.00

 

2023 median sales price: $531,000.00

2022 median sales price: $525,000.00

 

2023 mortgage volume: 603

2022 mortgage volume: 1,273

 

2023 total mortgage value:  $384,834,060.00

2022 total mortgage value:  $588,510,686.00

 

2023 median mortgage amount: $316,000.00

2022 median mortgage amount: $329,000.00

  

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

Jan               2022:      $525,000.00                                   – 4.5%

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%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2022    1                                  1

2023    3                                  3         

Chg.    +200%                        +200%