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October 2020 Registry Recording Statistics

JOHN F. MEADE, REGISTER OF DEEDS

REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

FOR THE MONTH OF OCTOBER 2020

SALES VOLUME & VALUE CONTINUE TO CLIMB!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in October 2020 was up 38% from October 2019 volume and the total value of sales was up 86% from the previous year.  The median individual property sale value was up 23.3% from the previous year.  There was a 28.7% increase in the volume of mortgage activity from October 2019 levels.

Year to Date: Volume of Sales is up 8.8%; Total Value of Sales is up 21.9%; Individual Sales Value is up 12.7%; Mortgage Volume is up 44.8%.

Register Meade reports that there were 985 deeds recorded at the Barnstable Registry of Deeds in October 2020 with stated sales values above $50,000.00 representing a stated value of $658,268,538.00 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 October 2020 was $475,000.00.

There were 2,059 mortgages recorded with values above $50,000.00 in October 2020 with a total value of $802,895,234.00.  The median mortgage amount, commercial, residential or other, was $313,500.00.

By way of comparison, that there were 714 deeds recorded at the Barnstable Registry of Deeds in October 2019 with stated sales values above $50,000.00 representing a stated value of $353,874,928.00 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 October 2019 was $385,000.00.

There were 1,600 mortgages recorded with values above $50,000.00 in October 2019 with a total value of $582,892,083.00.  The median mortgage amount, commercial, residential or other, was $289,642.00.

REAL ESTATE ACTIVITY THROUGH OCTOBER 2020

AS COMPARED TO THE SAME PERIOD IN 2019.

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

2020 sales volume: 6,785

2019 sales volume: 6,237

2020 total sales value: $4,060,210,789.00

2019 total sales value: $3,329,752,875.00

2020 median sales price: $434,025.00

2019 median sales price: $385,000.00

2020 mortgage volume: 15,688

2019 mortgage volume: 10,831

2020 total mortgage value:  $6,258,817,365.00

2019 total mortgage value:  $4,317,368,294.00

2020 median mortgage amount: $301,000.00

2020 median mortgage amount: $285,000.00

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

M/Y                Value                          % Differential/prior month

Oct             2019:      $385,000.00                                    -3.5%

Nov            2019:      $390,000.00                                     +1.3%

Dec             2019:      $375,000.00                                     -3.8%

Jan             2020:      $375,000.00                                       0%

Feb             2020:      $375,000.00                                      0%

Mar            2020:      $406,000.00                                    +8.3%

Apr             2020:      $400,500.00                                    -1.4%

May            2020:      $399,000.00                                    -0.4%

June            2020:      $420,000.00                                    +5.3%

July             2020:      $455,000.00                                   +8.3%

Aug             2020:      $455,000.00                                      0%

Sep              2020:      $470,000.00                                    +3.3%

Oct              2019:      $475,000.00                                    +1.1%

FORECLOSURE DEEDS

MONTH                     YTD              

2020    2                                  80

2019    16                                118     

Chg.    -87.5%                        -32.2%