March 2022 Registry Recording Statistics

JOHN F. MEADE, REGISTER OF DEEDS

REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

FOR THE MONTH OF MARCH 2022

SALES & MORTGAGE VOLUME DOWNWARD TREND CONTINUES!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in March 2022 was down 16.9% from March 2021 volume and the total value of sales was down 12.6% from the previous year.  The median individual property sale value was up 11.7% from the previous year.  There was a 42% decrease in the volume of mortgage activity from March 2021 levels.

Year to Date: Volume of Sales is down 18.8%; Total Value of Sales is down 14.1%; Individual Sales Value is up 16.3%; Mortgage Volume is down 39.4%.

Register Meade reports that there were 541 deeds recorded at the Barnstable Registry of Deeds in March 2022 with stated sales values above $50,000.00 representing a stated value of $409,261,649.00 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 March 2022 was $525,000.00.

There were 1,389 mortgages recorded with values above $50,000.00 in March 2022 with a total value of $664,072,535.00.  The median mortgage amount, commercial, residential or other, was $310,000.00.

By way of comparison, there were 651 deeds recorded at the Barnstable Registry of Deeds in March 2021 with stated sales values above $50,000.00 representing a stated value of $468,366,720.00 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 March 2021 was $470,000.00.

There were 2,394 mortgages recorded with values above $50,000.00 in March 2021 with a total value of $937,299,240.00.  The median mortgage amount, commercial, residential or other, was $303,000.00.

REAL ESTATE ACTIVITY THROUGH MARCH 2022

AS COMPARED TO THE SAME PERIOD IN 2021.

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

2022 sales volume: 1,464

2021 sales volume: 1,804

2022 total sales value: $1,068,590,236.00

2021 total sales value: $1,243,844,361.00

2022 median sales price: $528,500.00

2021 median sales price: $454,250.00

2022 mortgage volume: 3,844

2021 mortgage volume: 6,344

2022 total mortgage value:  $1,769,229,504.00

2021 total mortgage value:  $2,412,801,296.00

2022 median mortgage amount: $320,000.00

2021 median mortgage amount: $300,000.00

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

M/Y                Value                          % Differential/prior month

Mar             2021:      $470,000.00                                    +2.2%

Apr              2021:      $519,950.00                                   +10.6%

May             2021:      $519,000.00                                    -0.2%

June             2021:      $515,000.00                                    -0.6%

July              2021:      $511,000.00                                   -0.8%

Aug              2021:      $527,500.00                                    +3.2%

Sep               2021:      $537,500.00                                    +1.9%

Oct               2021:      $535,000.00                                    -0.5%

Nov              2021:      $571,750.00                                    +6.9%    

Dec               2021:      $550,000.00                                   – 3.8%

Jan               2022:      $525,000.00                                   – 4.5%

Feb               2022:      $530,000.00                                   +1.0%

Mar              2022:      $525,000.00                                   -0.94%

FORECLOSURE DEEDS

MONTH                     YTD              

2021    3                                  6

2022    5                                  7

Chg.    +67%                          +16.7%