SALES VOLUME DIPS & VALUE RISES!
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in February 2017 was down 15.2% from February 2016 volume and the total value of sales was down 9% from the previous year. The median individual property sale value was up 8.6% from the previous year. There was a 11.2% decrease in the volume of mortgage activity from February 2016 levels.
Year to Date: Volume of Sales is up 1.3%; Total Value of Sales is up 1.7%; Individual Sales Value is up 8.8%; Mortgage Volume is up 5.4%.
JOHN F. MEADE, REGISTER OF DEEDS
REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF FEBRUARY 2017
Register Meade reports that there were 364 deeds recorded at the Barnstable Registry of Deeds in February 2017 with stated sales values above $50,000.00 representing a stated value of $184,051,505.00 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 2017 was $335,000.00.
There were 842 mortgages recorded with values above $50,000.00 in February 2017 with a total value of $321,044,826.00. The median mortgage amount, commercial, residential or other, was $247,500.00.
By way of comparison, there were 429 deeds recorded at the Barnstable Registry of Deeds in February 2016 with stated sales values above $50,000.00 representing a stated value of $202,272,316.00 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 was $308,500.00.
There were 948 mortgages recorded with values above $50,000.00 in February with a total value of $324,241,076.00. The median mortgage amount, commercial, residential or other, was $209,684.00.
REAL ESTATE ACTIVITY THROUGH FEBRUARY 2017
AS COMPARED TO THE SAME PERIOD IN 2016.
All figures are based on sales or mortgages ABOVE $50,000.00.
2017 sales volume: 874
2016 sales volume: 863
2017 total sales value: $408,750,391.00
2016 total sales value: $401,730,699.00
2017 median sales price: $340,000.00
2016 median sales price: $312,500.00
2017 mortgage volume: 1,946
2016 mortgage volume: 1,847
2017 total mortgage value: $684,479,098.00
2016 total mortgage value: $595,144,549.00
2017 median mortgage amount: $247,800.00
2016 median mortgage amount: $223,443.00
TRAILING TWELVE MONTHS MEDIAN SALES VALUE:
(Sales values above $50,000.00)
M/Y Value % Differential/prior month
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%
Dec 2016: $350,000.00 -2.8%
Jan 2017: $340,000.00 -2.9%
Feb 2017: $335,000.00 -1.5%
FORECLOSURE DEEDS
MONTH YTD
2017 15 41
2016 20 38
Chg. -25% +8%
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