March 2023 Registry Recording Statistics

JOHN F. MEADE, REGISTER OF DEEDS

 REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

 FOR THE MONTH OF MARCH 2023

 

SALES & MORTGAGE VOLUME CONTINUE TO SLIDE!

 

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in March 2023 was down 23.8% from March 2022 volume and the total value of sales was down 13.8% from the previous year.  The median individual property sale value was up 15% from the previous year.  There was a 49.2% decrease in the volume of mortgage activity from March 2022 levels.

 

Year to Date: Volume of Sales is down 28.3%; Total Value of Sales is down 18.1%; Individual Sales Value is up 7.9%; Mortgage Volume is down 53.3%.

 

Register Meade reports that there were 412 deeds recorded at the Barnstable Registry of Deeds in March 2023 with stated sales values above $50,000.00 representing a stated value of $352,847,206.00 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 2023 was $603,750.00.

 

There were 706 mortgages recorded with values above $50,000.00 in March 2023 with a total value of $379,556,446.00.  The median mortgage amount, commercial, residential or other, was $318,750.00.

 

By way of comparison, 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.

 

 

REAL ESTATE ACTIVITY THROUGH MARCH 2023

AS COMPARED TO THE SAME PERIOD IN 2022.

 

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

 

2023 sales volume: 1,049

2022 sales volume: 1,464

 

2023 total sales value: $875,192,347.00

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

 

2023 median sales price: $570,000.00

2022 median sales price: $528,500.00

 

2023 mortgage volume: 1,794

2022 mortgage volume: 3,844

 

2023 total mortgage value:  $970,698,368.00

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

 

2023 median mortgage amount: $307,869.00

2022 median mortgage amount: $320,000.00

 

 

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

M/Y                Value                          % Differential/prior month

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%

Mar               2022:      $603,750.00                                  +6.6%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2022    5                                  7

2023    7                                  15       

Chg.    +40%                          +114%