Cape Cod Real Estate News

10

SALES VOLUME & VALUE CONTINUE RISE!

JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF OCTOBER 2016

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in October 2016 was up 1.5% from October 2015 volume and the total value of sales was up 9.3% from the previous year.  The median individual property sale value was up 6.7% from the previous year.  There was a 22.3% increase in the volume of mortgage activity from October 2015 levels.

Year to Date: Volume of Sales is up 11.1%; Total Value of Sales is up 14.1%; Individual Sales Value is up 2.6%; Mortgage Volume is up 9.6%.

 Register Meade reports that there were 686 deeds recorded at the Barnstable Registry of Deeds in October 2016 with stated sales values above $50,000.00 representing a stated value of $350,384,251.00 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 was $360,000.00.

There were 1,288 mortgages recorded with values above $50,000.00 in October with a total value of $448,554,117.00.  The median mortgage amount, commercial, residential or other, was $250,000.00.

By way of comparison, there were 676 deeds recorded at the Barnstable Registry of Deeds in October 2015 with stated sales values above $50,000.00 representing a stated value of $320,671,822.00 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 was $337,300.00.

There were 1,053 mortgages recorded with values above $50,000.00 in October with a total value of $439,917,696.00.  The median mortgage amount, commercial, residential or other, was $249,058.00.

REAL ESTATE ACTIVITY THROUGH OCTOBER 2016

AS COMPARED TO THE SAME PERIOD IN 2015.

 

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

 

2016 sales volume: 6,353

2015 sales volume: 5,716

 

2016 total sales value: $2,998,655,692.00

2015 total sales value: $2,627,093,287.00

 

2016 median sales price: $338,500.00

2015 median sales price: $330,000.00

 

2016 mortgage volume: 11,345

2015 mortgage volume: 10,353

 

2016 total mortgage value:  $4,111,733,547.00

2015 total mortgage value:  $3,679,604,439.00

 

2016 median mortgage amount: $247,150.00

2015 median mortgage amount: $247,200.00

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

Oct           2015:     $337,300.00                                -1.7%

Nov          2015:     $345,000.00                                +2.3%

Dec           2015:     $344,000.00                                -0.3%

Jan           2016:     $315,000.00                                 -8.4% 

Feb           2016:     $308,500.00                                -2.1%

Mar          2016:     $300,000.00                                -2.8%

Apr           2016:     $336,042.00                               +12.0%

May          2016:     $340,000.00                               +1.2%

June          2016:     $350,000.00                               +2.9%

July          2015:      $338,500.00                                -3.3%

Aug          2016:      $334,025.00                                -1.3%

Sep           2016:      $350,000.00                                +4.8%

Oct           2016:      $360,000.00                                +2.9%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2016    24                                228

2015    14                                122

Chg.    +71%                        +87%

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Posted in: Registry of Deeds

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