Cape Cod Real Estate News

10

SALES VOLUME & VALUE REMAIN STRONG!

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

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in November 2016 was up 16.2% from November 2015 volume and the total value of sales was up 15.8% from the previous year.  The median individual property sale value was up 4.3% from the previous year.  There was a 41.7% increase in the volume of mortgage activity from November 2015 levels.

 

Year to Date: Volume of Sales is up 11.6%; Total Value of Sales is up 14.3%; Individual Sales Value is up 3%; Mortgage Volume is up 12.2%.

 

Register Meade reports that there were 661 deeds recorded at the Barnstable Registry of Deeds in November 2016 with stated sales values above $50,000.00 representing a stated value of $314,861,364.00 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 was $360,000.00.

 

There were 1,322 mortgages recorded with values above $50,000.00 in November with a total value of $541,597,556.00.  The median mortgage amount, commercial, residential or other, was $265,109.00.

 

By way of comparison, Register Meade reports that there were 569 deeds recorded at the Barnstable Registry of Deeds in November 2015 with stated sales values above $50,000.00 representing a stated value of $271,882,462.00 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 was $345,000.00.

 

There were 933 mortgages recorded with values above $50,000.00 in November with a total value of $337,928,254.00.  The median mortgage amount, commercial, residential or other, was $241,131.00.

 

REAL ESTATE ACTIVITY THROUGH NOVEMBER 2016

AS COMPARED TO THE SAME PERIOD IN 2015.

 

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

 

2016 sales volume: 7,014

2015 sales volume: 6,285

 

2016 total sales value: $3,313,517,056.00

2015 total sales value: $2,898,975,749.00

 

2016 median sales price: $340,000.00

2015 median sales price: $330,000.00

 

2016 mortgage volume: 12,667

2015 mortgage volume: 11,286

 

2016 total mortgage value:  $4,653,331,102.00

2015 total mortgage value:  $4,017,532,693

 

2016 median mortgage amount: $249,000.00

2015 median mortgage amount: $247,000.00

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

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%

Nov          2016:      $360,000.00                                    0%

 

FORECLOSURE DEEDS

MONTH                                YTD              

2016    18                                246

2015    16                                138

Chg.    +12.5%                     +78%

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Posted in: Registry of Deeds

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