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July 2024 Registry Recording Statistics

JOHN F. MEADE, REGISTER OF DEEDS

REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

FOR THE MONTH OF JULY 2024

SALES VOLUME & VALUE RISE!

 

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in July 2024 was up 12.9% from July 2023 volume and the total value of sales was up 27% from the previous year.  The median individual property sale value was up 8.3% from the previous year.  There was a 15.2% increase in the volume of mortgage activity from July 2023 levels.

Year to Date: Volume of Sales is down 0.6%; Total Value of Sales is up 6.9%; Individual Sales Value is up 7.4%; Mortgage Volume is down 6.4%.

Register Meade reports that there were 464 deeds recorded at the Barnstable Registry of Deeds in July 2024 with stated sales values above $50,000.00 representing a stated value of $441,204,307.00 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 2024 was $677,850.00.

There were 658 mortgages recorded with values above $50,000.00 in July 2024 with a total value of $484,935,488.00.  The median mortgage amount, commercial, residential or other, was $367,500.00.

By way of comparison, there were 411 deeds recorded at the Barnstable Registry of Deeds in July 2023 with stated sales values above $50,000.00 representing a stated value of $347,508,279.00 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 2023 was $626,000.00.

There were 571 mortgages recorded with values above $50,000.00 in July 2023 with a total value of $256,831,951.00.  The median mortgage amount, commercial, residential or other, was $356,125.00.

 

REAL ESTATE ACTIVITY THROUGH JULY 2024

AS COMPARED TO THE SAME PERIOD IN 2023.

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

 

2024 sales volume: 2,992

2023 sales volume: 3,011

 

2024 total sales value: $2,673,153,739.00

2023 total sales value: $2,501,071,733.00

 

2024 median sales price: $650,000.00

2023 median sales price: $605,000.00

 

2024 mortgage volume: 4,266

2023 mortgage volume: 4,559

 

2024 total mortgage value:  $2,482,648,762.00

2023 total mortgage value:  $2,211,828,053.00

 

2024 median mortgage amount: $351,000.00

2023 median mortgage amount: $320,000.00

  

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

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%

Mar                2024:      $610,000.00                                 -2.4%

Apr                 2024:      $695,000.00                                 +13.9%

May                2024:      $675,000.00                                 -2.9%

June                2024:      $698,000.00                                 +3.4%

July                 2024:      $677,850.00                                -2.9%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2023    3                                  30

2024    2                                  30       

Chg.    -33%                           0%