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VOLUME SEES RISE, VALUE DIPS!
2/1/2007
Written By John F. Meade - Barnstable Register of Deeds
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in January 2007 was up 4.8% from January 2006 volume and the total value of sales was down 3.6% from the previous year. The median individual property sale value was down 4.7% from the previous year. There was a 3.2% increase in the volume of mortgage activity from January 2006 levels.
Register Meade reports that there were 434 deeds recorded at the Barnstable Registry of Deeds in Jan uary 2007 with stated sales values above $50,000.00 representing a stated value of $202,142,877.00 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 was $350,000.00.
There were 1,742 mortgages recorded with values above $50,000.00 in Jan uary with a total value of $529,490,678.00. The median mortgage amount, commercial, residential or other, was $230,000.00.
By way of comparison, in Jan uary 2006, there were 414 deeds recorded at the Registry of Deeds with stated sales values above $50,000.00, representing a total value of $209,695,667.00 in county-wide real estate sales.
The median sales price, based on all property sales values above $50,000.00 was $367,350.00.
There were 1,688 mortgages recorded in Jan uary 2006 with values above $50,000.00with a total value of $471,700,644.00. The median mortgage amount, commercial, residential or other, was $210,000.00.
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REAL ESTATE ACTIVITY THROUGH JANUARY 2007 AS COMPARED TO THE SAME PERIOD IN 2006.
All figures are based on sales or mortgages ABOVE $50,000.00.
2007 sales volume: 434 2006 sales volume: 414
2007 total sales value: $202,142,877.00 2006 total sales value: $209,695,667.00
2007 median sales price: 350,000.00 2006 median sales price: $367,350.00
2007 mortgage volume: 1,742 2006 mortgage volume: 1,688
2007 total mortgage value: $529,490,678.00 2006 total mortgage value: $471,700,644.00
2007 median mortgage amount: $230,000.00 2006 median mortgage amount: $210,000.00
TRAILING TWELVE MONTHS MEDIAN SALES VALUE: (Sales values above $50,000.00)
M/Y Value % Differential/prior month
Jan 2006: $367,350.00 +3.0% Feb 2006: $370,000.00 +0.7% Mar 2006: $354,900.00 -4.1% Apr 2006: $370,000.00 +4.3% May 2006: $365,000.00 -1.4% June 2006: $390,000.00 +6.9% July 2006: $365,000.00 -6.4% Aug 2006: $350,000.00 -4.1% Sep 2006: $360,000.00 +2.9% Oct 2006: $373,500.00 +3.8% Nov 2006: $355,000.00 -4.8% Dec 2006: $350,000.00 -1.4% Jan 2007: $350,000.00 0 %
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