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Cape Cod Real Estate News

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SALES VOLUME & VALUE RISE!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in March 2017 was up 19.2% from March 2016 volume and the total value of sales was up 16.9% from the previous year.  The median individual property sale value was up 10% from the previous year.  There was a 5.4% decrease in the volume of mortgage activity from March 2016 levels.

JOHN F. MEADE, REGISTER OF DEEDS
 REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF MARCH 2017

Year to Date: Volume of Sales is up 8.2%; Total Value of Sales is up 7.6%; Individual Sales Value is up 8.8%; Mortgage Volume is up 1.4%.

 

Register Meade reports that there were 653 deeds recorded at the Barnstable Registry of Deeds in March 2017 with stated sales values above $50,000.00 representing a stated value of $292,085,068.00 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 2017 was $330,000.00.

 

There were 1,042 mortgages recorded with values above $50,000.00 in March 2017 with a total value of $384,260,177.00.  The median mortgage amount, commercial, residential or other, was $250,000.00.

 

By way of comparison, there were 548 deeds recorded at the Barnstable Registry of Deeds in March 2016 with stated sales values above $50,000.00 representing a stated value of $249,837,500.00 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 was $300,000.00.

 

There were 1,101 mortgages recorded with values above $50,000.00 in March with a total value of $408,204,320.00.  The median mortgage amount, commercial, residential or other, was $238,010.00.

 

 

REAL ESTATE ACTIVITY THROUGH MARCH 2017

AS COMPARED TO THE SAME PERIOD IN 2016.

 

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

 

2017 sales volume: 1,527

2016 sales volume: 1,411

 

2017 total sales value: $700,835,459.00

2016 total sales value: $651,568,199.00

 

2017 median sales price: $335,000.00

2016 median sales price: $308,000.00

 

2017 mortgage volume: 2,988

2016 mortgage volume: 2,948

 

2017 total mortgage value:  $1,068,739,276.00

2016 total mortgage value:  $1,003,348,869.00

 

2017 median mortgage amount:  $250,000.00

2016 median mortgage amount:  $228,500.00

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

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%

Mar          2017:      $330,000.00                                 -1.5%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2017    33                                74                               

2016    34                                72       

Chg.    -2.9%                          +2.7%

 

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