November 2018 Real Estate Transactions

Sales volume and value rise again

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in November 2018 was up 9.6% from November 2017 volume and the total value of sales was up 19.1% from the previous year.  The median individual property sale value was up +8.5% from the previous year.  There was an 9.4% decrease in the volume of mortgage activity from November 2017 levels.

Year to Date: Volume of Sales is down 2.5%; Total Value of Sales is up 4.2%; Individual Sales Value is up 7.1%; Mortgage Volume is down 7.7%.

Register Meade reports that there were 719 deeds recorded at the Barnstable Registry of Deeds in November 2018 with stated sales values above $50,000.00 representing a stated value of $389,728,868.00 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 November 2018 was $385,000.00.

There were 986 mortgages recorded with values above $50,000.00 in November 2018 with a total value of $381,474,228.00.  The median mortgage amount, commercial, residential or other, was $280,000.00.

By way of comparison, there were 656 deeds recorded at the Barnstable Registry of Deeds in November 2017 with stated sales values above $50,000.00 representing a stated value of $327,158,274.00 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 November 2017 was $355,000.00.

There were 1,088 mortgages recorded with values above $50,000.00 in November 2017 with a total value of $384,997,303.00.  The median mortgage amount, commercial, residential or other, was $255,529.00.

 

REAL ESTATE ACTIVITY THROUGH NOVEMBER 2018

AS COMPARED TO THE SAME PERIOD IN 2017.

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

2018 sales volume: 7,032

2017 sales volume: 7,210

2018 total sales value: $3,611,980,643.00

2017 total sales value: $3,465,235,077.00

 2018 median sales price: $375,000.00

2017 median sales price: $350,000.00

2018 mortgage volume: 10,692

2017 mortgage volume: 11,584

2018 total mortgage value:  $4,169,780,737.00

2017 total mortgage value:  $4,169,545,408.00

 

2018 median mortgage amount:  $264,000.00

2017 median mortgage amount:  $250,000.00

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

Nov           2017:      $355,000.00                                    -4%

Dec            2017:      $364,000.00                                  +2.5%

Jan            2018:       $342,000.00                                    -6%

Feb            2018:      $363,500.00                                  +6.3%

Mar           2018:      $353,000.00                                   -2.9%

Apr            2018:      $370,000.00                                  +4.8%

May           2018:      $375,000.00                                  +1.4%

June           2018:      $385,000.00                                  +2.7%

July            2018:      $375,000.00                                  -2.6%

Aug            2018:      $373,500.00                                   -0.4%

Sep             2018:      $387,000.00                                  +3.6%

Oct             2018:      $406,000.00                                  +4.9%

Nov            2018:      $385,000.00                                    -5.2%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2018    12                                220                             

2017    14                                227     

Chg.    -14.3%                      -3.1%


CapeCodToday.com welcomes thoughtful comments and the varied opinions of our readers. We are in no way obligated to post or allow comments that our moderators deem inappropriate. We reserve the right to delete comments we perceive as profane, vulgar, threatening, offensive, racially-biased, homophobic, slanderous, hateful or just plain rude. Commenters may not attack or insult other commenters, readers or writers. Commenters who persist in posting inappropriate comments will be banned from commenting on CapeCodToday.com.