Year to Date: Volume of Sales is up 18.8%


Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in October 2010 was down 16.9% from October 2009 volume and the total value of sales was down 8.1% from the previous year.  The median individual property sale value was up 0.4% from the previous year.  There was a 43.2% increase in the volume of mortgage activity from October 2009 levels.

Total Value of Sales is up 29.3%; Individual Sales Value is up 1.7%; Mortgage Volume is down 21.5%.

Register Meade reports that 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.

By way of comparison, there were 579 deeds recorded at the Barnstable Registry of Deeds in October 2009 with stated sales values above $50,000.00 representing a stated value of $227,412,507.00 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 1,186 mortgages recorded with values above $50,000.00 in October with a total value of $330,476,748.00.  The median mortgage amount, commercial, residential or other, was $226,839.00.

REAL ESTATE ACTIVITY THROUGH OCTOBER 2010

AS COMPARED TO THE SAME PERIOD IN 2009.

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

2010 sales volume: 5,044

2009 sales volume: 4,247

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

2009 total sales value:  $1,676,293,128.00

2010 median sales price: $295,000.00

2009 median sales price: $290,000.00

2010 mortgage volume: 12,526

2009 mortgage volume: 15,957

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

2009 total mortgage value:  $4,569,781,191.00

2010 median mortgage amount:  $225,000.00

2009 median mortgage amount:  $232,000.00

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

M/Y                Value                          % Differential/prior month

Oct        2009:    $300,000.00                              +1.2%

Nov       2009:    $290,000.00                               -3.3%

Dec        2009:    $315,000.00                             +8.6%

Jan        2010:    $294,000.00                               -6.7 %

Feb        2010:    $275,000.00                               -6.5 %

Mar       2010:    $271,033.00                               -1.4 %

Apr        2010:    $300,000.00                              +10.7%

May       2010:    $285,000.00                              -5.0%

June      2010:     $315,000.00                              +10.5%

July       2010:     $290,000.00                               -7.9%

Aug       2010:     $289,900.00                               -0.04%

Sep        2010:     $301,000.00                               +3.8%

Oct        2010:     $301,134.00                               +0.05%

FORECLOSURE DEEDS (Sales values above $50,000)

MONTH                     YTD              

2010    40                                676                                                                                                     

2009    47                                392

Chg.    -14.9%                        +72.4%