Joseph Aucoin posted on February 15, 2024 08:10
SALES & MORTGAGE VOLUME ARE DOWN!
JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF JANUARY 2024
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in January 2024 was down 11.4% from January 2023 volume and the total value of sales was down 7.6% from the previous year. The median individual property sale value was up 11.1% from the previous year. There was a 14.9% decrease in the volume of mortgage activity from January 2023 levels.
Year to Date: Volume of Sales is down 11.4%; Total Value of Sales is down 7.6%; Individual Sales Value is up 11.1%; Mortgage Volume is down 14.9%.
Register Meade reports that there were 310 deeds recorded at the Barnstable Registry of Deeds in January 2024 with stated sales values above $50,000.00 representing a stated value of $267,943,462.00 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 January 2024 was $590,000.00.
There were 513 mortgages recorded with values above $50,000.00 in January 2024 with a total value of $388,585,053.00. The median mortgage amount, commercial, residential, or other, was $305,428.00.
By way of comparison, there were 350 deeds recorded at the Barnstable Registry of Deeds in January 2023 with stated sales values above $50,000.00 representing a stated value of $289,977,490.00 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 January 2023 was $531,000.00.
There were 603 mortgages recorded with values above $50,000.00 in January 2023 with a total value of $384,834.060.00. The median mortgage amount, commercial, residential, or other, was $316,000.00.
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