Cape Cod Real Estate: Latest Sales News
Updated: November 13, 2011

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from JOHN F. MEADE, REGISTER OF DEEDS 

REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

Sales



REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY



FOR THE MONTH OF October 2011



VOLUME UP, VALUE FLAT!

 

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in October 2011 was up 6.4% from October 2010 volume and the total value of sales was up 3.4% from the previous year.  The median individual property sale value was down 0.4% from the previous year.  There was a 14.1% decrease in the volume of mortgage activity from October 2010 levels.

 

Year to Date: Volume of Sales is down 6.7%; Total Value of Sales is down 11.5%; Individual Sales Value is down 2%; Mortgage Volume is down 8.5%.

Register Meade reports that there were 512 deeds recorded at the Barnstable Registry of Deeds in October 2011 with stated sales values above $50,000.00 representing a stated value of $216,202,251.00 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 October was $300,000.00.

 

There were 1,458 mortgages recorded with values above $50,000.00 in October with a total value of $476,543,901.00.  The median mortgage amount, commercial, residential or other, was $235,000.00.

 

By way of comparison, there were 481 deeds recorded at the Barnstable Registry of Deeds in October 2010 with stated sales values above $50,000.00 representing a stated value of $209,042,123.00 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 October was $301,134.00.

 

There were 1,698 mortgages recorded with values above $50,000.00 in October with a total value of $506,289,698.00.  The median mortgage amount, commercial, residential or other, was $229,185.00.

  

REAL ESTATE ACTIVITY THROUGH OCTOBER 2011

AS COMPARED TO THE SAME PERIOD IN 2010.

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

 

2011 sales volume: 4,708

2010 sales volume: 5,044

 

2011 total sales value:  $1,919,224,988.00

2010 total sales value:  $2,167,569,677.00

 

2011 median sales price: $289,000.00

2010 median sales price: $295,000.00

 

2011 mortgage volume: 11,458

2010 mortgage volume: 12,526

 

2011 total mortgage value:  $3,702,999,314.00

2010 total mortgage value:  $3,702,687,065.00

 

2011 median mortgage amount:  $220,000.00

2010 median mortgage amount:  $225,000.00

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

Oct        2010:     $301,134.00                               +0.05%

Nov       2010:     $297,250.00                                -1.3%

Dec        2010:     $310,000.00                                +4.3%

Jan        2011:     $301,500.00                                -2.7 %

Feb        2011:     $260,000.00                               -13.8 %

Mar       2011:     $268,000.00                                +3.1%

Apr        2011:     $288,500.00                                +7.6 %

May       2011:     $300,000.00                                +4.0%

June       2011:     $275,000.00                                 -8.3%

July        2011:     $284,500.00                                +3.5%   

Aug        2011:     $277,000.00                                 -2.6%

Sep         2011:     $302,000.00                                +9.0%

Oct         2011:     $300,000.00                                -0.7%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2011    55                                426                                                                                                     

2010    40                                676

Chg.    +37.5%                       -37%