November 2023 Registry Recording Statistics

JOHN F. MEADE, REGISTER OF DEEDS

 REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

 FOR THE MONTH OF NOVEMBER 2023

 SALES VOLUME DROPS & INDIVIDUAL VALUE FLAT!

 

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in November 2023 was down 13.6% from November 2022 volume and the total value of sales was down 14.7% from the previous year.  The median individual property sale value was up 0.8% from the previous year.  There was a 21.7% decrease in the volume of mortgage activity from November 2022 levels.

Year to Date: Volume of Sales is down 19.6%; Total Value of Sales is down 17.9%; Individual Sales Value is up 7.6%; Mortgage Volume is down 39%.

 Register Meade reports that there were 451 deeds recorded at the Barnstable Registry of Deeds in November 2023 with stated sales values above $50,000.00 representing a stated value of $371,192,530.00 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 November 2023 was $630,000.00.

There were 612 mortgages recorded with values above $50,000.00 in November 2023 with a total value of $308,342,441.00.  The median mortgage amount, commercial, residential or other, was $350,000.00.

By way of comparison, there were 522 deeds recorded at the Barnstable Registry of Deeds in November 2022 with stated sales values above $50,000.00 representing a stated value of $435,276,093.00 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 November 2022 was $625,000.00.

There were 782 mortgages recorded with values above $50,000.00 in November 2022 with a total value of $371,823,471.00.  The median mortgage amount, commercial, residential or other, was $306,800.00.

 

REAL ESTATE ACTIVITY THROUGH NOVEMBER 2023

AS COMPARED TO THE SAME PERIOD IN 2022.

 

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

 

2023 sales volume: 4,898

2022 sales volume: 6,095

 

2023 total sales value: $4,169,860,073.00

2022 total sales value: $5,176,669,330.00

 

2023 median sales price: $624,000.00

2022 median sales price: $580,000.00

 

2023 mortgage volume: 7,017

2022 mortgage volume: 11,501

 

2023 total mortgage value:  $3,515,975,800.00

2022 total mortgage value:  $5,932,900,683.00

 

2023 median mortgage amount: $337,500.00

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

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%

Apr                2023:      $630,000.00                                  +4.3%

May               2023:      $610,000.00                                  -3.2%

June               2023:      $625,000.00                                  +2.5%

July                2022:      $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%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2022    4                                  46

2023    6                                  45       

Chg.    +50%                         -2.2%