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The
following report is derived from Barnstable County
Register of Deeds, John F. Meade.
Barnstable County Register of Deeds, John F. Meade,
reports that the volume of real estate sales in
June 2007 was down 10.9% from June 2006
volume and the total value of sales was down
50.2% from the previous year (June 2006 numbers
were inflated due to the sale of the Chatham Bars
Inn property for over $120 Million). The
median individual property sale value was down
13.3% from the previous year. There was
a 17.1% decrease in the volume of mortgage activity
from June 2006 levels.
Year
to Date: Volume of Sales is down 0.15%; Total Value
of Sales is down 15.8%; Individual Sales Value is
down 8.6%; Mortgage Volume is down 10.4%.
Register
Meade reports that there were 669 deeds
recorded at the Barnstable Registry of Deeds in
June 2007 with stated sales values above
$50,000.00 representing a stated value of
$325,212,890.00 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 June was $338,000.00.
There
were 1,728 mortgages recorded with values
above $50,000.00 in June with a total value
of $526,298,928.00. The median
mortgage amount, commercial, residential or other,
was $230,000.00.
By way
of comparison, there were 751 deeds recorded
at the Barnstable Registry of Deeds in June
2006 with stated sales values above $50,000.00
representing a stated value of $653,549,819.00
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 June was $390,000.00.
There
were 2,085 mortgages recorded with values
above $50,000.00 in June with a total value
of $874,341,351.00. The median
mortgage amount, commercial, residential or other,
was $230,300.00.
REAL ESTATE ACTIVITY THROUGH JUNE 2007 AS COMPARED
TO THE SAME PERIOD IN 2006.
All
figures are based on sales or mortgages ABOVE
$50,000.00.
2007
sales volume: 3,250
2006 sales volume: 3,255
2007
total sales value: $1,636,254,084.00
2006 total sales value:
$1,943,392,845.00
2007
median sales price: $340,000.00
2006 median sales price:
$372,000.00
2007
mortgage volume: 10,403
2006 mortgage volume: 11,608
2007
total mortgage value: $4,685,932,990.00
2006 total mortgage value:
$5,388,679,486.00
2007
median mortgage amount: $233,000.00
2006 median mortgage amount: $218,837.00
TRAILING TWELVE MONTHS
MEDIAN SALES VALUE:
(Sales values above $50,000.00)
M/Y
Value % Differential/prior
month
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%
Feb 2007: $338,750.00
-3.2%
Mar 2007: $349,000.00
+3%
Apr 2007: $340,000.00
-2.6%
May 2007: $325,000.00
-4.4%
June 2007: $338,000.00
+4%
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