October 2023 Registry Recording Statistics

JOHN F. MEADE, REGISTER OF DEEDS

 REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

FOR THE MONTH OF OCTOBER 2023

 SALES VOLUME & INDIVIDUAL VALUE RISE!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in October 2023 was up 5.2% from October 2022 volume and the total value of sales was up 13.3% from the previous year.  The median individual property sale value was up 7.7% from the previous year.  There was a 19% decrease in the volume of mortgage activity from October 2022 levels.

Year to Date: Volume of Sales is down 20.2%; Total Value of Sales is down 19.9%; Individual Sales Value is up 7.1%; Mortgage Volume is down 40.2%.

 Register Meade reports that there were 509 deeds recorded at the Barnstable Registry of Deeds in October 2023 with stated sales values above $50,000.00 representing a stated value of $461,031,891.00 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 2023 was $675,000.00.

There were 610 mortgages recorded with values above $50,000.00 in October 2023 with a total value of $322,969,137.00.  The median mortgage amount, commercial, residential or other, was $388,850.00.

By way of comparison, there were 484 deeds recorded at the Barnstable Registry of Deeds in October 2022 with stated sales values above $50,000.00 representing a stated value of $406,946,147.00 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 2022 was $627,000.00.

There were 753 mortgages recorded with values above $50,000.00 in October 2022 with a total value of $370,472,653.00.  The median mortgage amount, commercial, residential or other, was $350,000.00.

 

REAL ESTATE ACTIVITY THROUGH OCTOBER 2023

AS COMPARED TO THE SAME PERIOD IN 2022.

 

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

 

2023 sales volume: 4,447

2022 sales volume: 5,573

 

2023 total sales value: $3,798,667,543.00

2022 total sales value: $4,741,393,237.00

 

2023 median sales price: $621,000.00

2022 median sales price: $580,000.00

 

2023 mortgage volume: 6,405

2022 mortgage volume: 10,719

 

2023 total mortgage value:  $3,207,633,360.00

2022 total mortgage value:  $5,561,077,212.00

 

2023 median mortgage amount: $336,000.00

2022 median mortgage amount: $330,000.00

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

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%

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%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2022    3                                  42

2023    4                                  39       

Chg.    +33%                         -7.1%