Cape Cod Real Estate News

09

SALES VOLUME & VALUE END YEAR ON A DOWN NOTE!

JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY 
FOR THE MONTH OF DECEMBER 2018

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in December 2018 was down 14.7% from December 2017 volume and the total value of sales was down 22.4% from the previous year.  The median individual property sale value was down 3.8% from the previous year.  There was an 19% decrease in the volume of mortgage activity from December 2017 levels.

Year to Date: Volume of Sales is down 3.5%; Total Value of Sales is up 1.8%; Individual Sales Value is up 6.6%; Mortgage Volume is down 8.7%. 

Register Meade reports that there were 562 deeds recorded at the Barnstable Registry of Deeds in December 2018 with stated sales values above $50,000.00 representing a stated value of $264,832,409.00 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 December 2018 was $350,000.00.

There were 885 mortgages recorded with values above $50,000.00 in December 2018 with a total value of $298,939,812.00.  The median mortgage amount, commercial, residential or other, was $255,000.00.

By way of comparison, there were 659 deeds recorded at the Barnstable Registry of Deeds in December 2017 with stated sales values above $50,000.00 representing a stated value of $341,354,591.00 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 December 2017 was $364,000.00.

There were 1,093 mortgages recorded with values above $50,000.00 in December 2017 with a total value of $377,613,871.00.  The median mortgage amount, commercial, residential or other, was $264,000.00.

 

REAL ESTATE ACTIVITY THROUGH DECEMBER 2018

AS COMPARED TO THE SAME PERIOD IN 2017.

 

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

 

2018 sales volume: 7,594

2017 sales volume: 7,869

 

2018 total sales value: $3,876,813,052.00

2017 total sales value: $3,806,589,668.00

 

2018 median sales price: $374,950.00

2017 median sales price: $351,600.00

 

2018 mortgage volume: 11,577

2017 mortgage volume: 12,677

 

2018 total mortgage value:  $4,468,720,549.00

2017 total mortgage value:  $4,547,159,280.00

 

2018 median mortgage amount:  $263,200.00

2017 median mortgage amount:  $250,000.00

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

Dec            2017:      $364,000.00                                  +2.5%

Jan            2018:       $342,000.00                                    -6%

Feb            2018:      $363,500.00                                  +6.3%

Mar           2018:      $353,000.00                                   -2.9%

Apr            2018:      $370,000.00                                  +4.8%

May           2018:      $375,000.00                                  +1.4%

June           2018:      $385,000.00                                  +2.7%

July            2018:      $375,000.00                                  -2.6%

Aug            2018:      $373,500.00                                   -0.4%

Sep             2018:      $387,000.00                                  +3.6%

Oct             2018:      $406,000.00                                  +4.9%

Nov            2018:      $385,000.00                                    -5.2%

Dec             2018:      $350,000.00                                      -9%

 

FORECLOSURE DEEDS

             MONTH                     YTD              

2018    23                                243                             

2017    19                                246     

Chg.    +21.1%                     -1.2%

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Posted in: Registry of Deeds

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