Joseph Aucoin posted on April 15, 2024 08:06
SALES & MORTGAGE VOLUME DIP!
JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF MARCH 2024
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in March 2024 was down 3.4% from March 2023 volume and the total value of sales was down 7.2% from the previous year. The median individual property sale value was up 1% from the previous year. There was a 15.7% decrease in the volume of mortgage activity from March 2023 levels.
Year to Date: Volume of Sales is down 1.2%; Total Value of Sales is down 4%; Individual Sales Value is up 5.3%; Mortgage Volume is down 10.8%.
Register Meade reports that there were 398 deeds recorded at the Barnstable Registry of Deeds in March 2024 with stated sales values above $50,000.00 representing a stated value of $327,475,928.00 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 March 2024 was $610,000.00.
There were 595 mortgages recorded with values above $50,000.00 in March 2024 with a total value of $270,314,564.00. The median mortgage amount, commercial, residential, or other, was $351,037.00.
By way of comparison, there were 412 deeds recorded at the Barnstable Registry of Deeds in March 2023 with stated sales values above $50,000.00 representing a stated value of $352,847,206.00 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 March 2023 was $603,750.00.
There were 706 mortgages recorded with values above $50,000.00 in March 2023 with a total value of $379,556,446.00. The median mortgage amount, commercial, residential or other, was $318,750.00.
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