March 2024 Registry Recording Statistics

JOHN F. MEADE, REGISTER OF DEEDS

REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

 FOR THE MONTH OF MARCH 2024

 SALES & MORTGAGE VOLUME DIP!

 

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in March 2024 was down 3.4% from March 2023 volume and the total value of sales was down 7.2% from the previous year.  The median individual property sale value was up 1% from the previous year.  There was a 15.7% decrease in the volume of mortgage activity from March 2023 levels.

Year to Date: Volume of Sales is down 1.2%; Total Value of Sales is down 4%; Individual Sales Value is up 5.3%; Mortgage Volume is down 10.8%.

 Register Meade reports that there were 398 deeds recorded at the Barnstable Registry of Deeds in March 2024 with stated sales values above $50,000.00 representing a stated value of $327,475,928.00 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 2024 was $610,000.00.

There were 595 mortgages recorded with values above $50,000.00 in March 2024 with a total value of $270,314,564.00.  The median mortgage amount, commercial, residential, or other, was $351,037.00.

By way of comparison, 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.

 

REAL ESTATE ACTIVITY THROUGH MARCH 2024

AS COMPARED TO THE SAME PERIOD IN 2023.

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

 

2024 sales volume: 1,036

2023 sales volume: 1,049

 

2024 total sales value: $839,847,850.00

2023 total sales value: $875,192,347.00

 

2024 median sales price: $600,000.00

2023 median sales price: $570,000.00

 

2024 mortgage volume: 1,600

2023 mortgage volume: 1,794

 

2024 total mortgage value:  $897,514,574.00

2023 total mortgage value:  $970,698,368.00

 

2024 median mortgage amount: $325,000.00

2023 median mortgage amount: $307,869.00

  

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

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%

Mar                2024:      $610,000.00                                 -2.4%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2023    7                                  15

2024    6                                  13       

Chg.    -14.3%                        -13.3%