Joseph Aucoin posted on March 15, 2024 08:08
SALES & MORTGAGE VOLUME RISE!
JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF FEBRUARY 2024
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in February 2024 was up 14.3% from February 2023 volume and the total value of sales was up 5.2% from the previous year. The median individual property sale value was up 10.3% from the previous year. There was a 1.4% increase in the volume of mortgage activity from February 2023 levels.
Year to Date: Volume of Sales is up 0.2%; Total Value of Sales is down 1.9%; Individual Sales Value is up 9.1%; Mortgage Volume is down 7.6%.
Register Meade reports that there were 328 deeds recorded at the Barnstable Registry of Deeds in February 2024 with stated sales values above $50,000.00 representing a stated value of $244,428,459.00 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 February 2024 was $625,000.00.
There were 492 mortgages recorded with values above $50,000.00 in February 2024 with a total value of $238,614,956.00. The median mortgage amount, commercial, residential, or other, was $300,000.00.
By way of comparison, there were 287 deeds recorded at the Barnstable Registry of Deeds in February 2023 with stated sales values above $50,000.00 representing a stated value of $232,367,652.00 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 February 2023 was $566,500.00.
There were 485 mortgages recorded with values above $50,000.00 in February 2023 with a total value of $206,307,862.00. The median mortgage amount, commercial, residential or other, was $300,000.00.
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