What's New

Cape Cod Real Estate News

09

SALES VOLUME & VALUE RISE!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in May 2017 was up 8.9% from May 2016 volume and the total value of sales was up 26.7% from the previous year.  The median individual property sale value was up 8.8% from the previous year.  There was a 3.1% increase in the volume of mortgage activity from May 2016 levels.

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

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in May 2017 was up 8.9% from May 2016 volume and the total value of sales was up 26.7% from the previous year.  The median individual property sale value was up 8.8% from the previous year.  There was a 3.1% increase in the volume of mortgage activity from May 2016 levels.

Year to Date: Volume of Sales is up 4.8%; Total Value of Sales is up 10%; Individual Sales Value is up 6.6%; Mortgage Volume is down 0.8%.

Register Meade reports that there were 761 deeds recorded at the Barnstable Registry of Deeds in May 2017 with stated sales values above $50,000.00 representing a stated value of $395,534,476.00 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 May 2017 was $370,000.00.

There were 1,200 mortgages recorded with values above $50,000.00 in May 2017 with a total value of $415,078,351.00.  The median mortgage amount, commercial, residential or other, was $255,000.00.

By way of comparison, there were 699 deeds recorded at the Barnstable Registry of Deeds in May 2016 with stated sales values above $50,000.00 representing a stated value of $312,074,551.00 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 May was $340,000.00.

There were 1,164 mortgages recorded with values above $50,000.00 in May with a total value of $594,815,231.00.  The median mortgage amount, commercial, residential or other, was $247,500.00.

 

REAL ESTATE ACTIVITY THROUGH MAY 2017

AS COMPARED TO THE SAME PERIOD IN 2016.

 

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

 

2017 sales volume: 2,902

2016 sales volume: 2,768

 

2017 total sales value: $1,388,534,073.00

2016 total sales value: $1,262,621,987.00

 

2017 median sales price: $346,347.00

2016 median sales price: $325,000.00

 

2017 mortgage volume: 5,220

2016 mortgage volume: 5,179

 

2017 total mortgage value:  $1,856,605,073.00

2016 total mortgage value:  $1,990,035.813.00

 

2017 median mortgage amount:  $250,000.00

2016 median mortgage amount:  $238,549.00

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

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%

Apr           2017:      $350,000.00                                 +6.0%

May          2017:      $370,000.00                                 +5.7%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2017    19                                112                             

2016    18                                115     

Chg.    +5.6%                         -2.6%

[Read More...]

Posted in: Registry of Deeds

Post Rating

Comments

There are currently no comments, be the first to post one!

Post Comment

Only registered users may post comments.

Archives