December 2019 Real Estate Transactions

Sales volume and value both rise...

JOHN F. MEADE, REGISTER OF DEEDS

REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

FOR THE MONTH OF DECEMBER 2019

SALES VOLUME AND VALUE RISE!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in December 2019 was up 11.4% from December 2018 volume and the total value of sales was up 21.4% from the previous year.  The median individual property sale value was up 7.1% from the previous year.  There was a 57% increase in the volume of mortgage activity from December 2018 levels.

Year to Date: Volume of Sales is down 1.8%; Total Value of Sales is up 2.3%; Individual Sales Value is up 2.7%; Mortgage Volume is up 16.9%.

Register Meade reports that there were 626 deeds recorded at the Barnstable Registry of Deeds in December 2019 with stated sales values above $50,000.00 representing a stated value of $321,520,501.00 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 December 2019 was $375,000.00.

There were 1,390 mortgages recorded with values above $50,000.00 in December 2019 with a total value of $528,717,575.00.  The median mortgage amount, commercial, residential or other, was $289,661.00.

By way of comparison, there were 562 deeds recorded at the Barnstable Registry of Deeds in December 2018 with stated sales values above $50,000.00 representing a stated value of $264,832,409.00 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 December 2018 was $350,000.00.

There were 885 mortgages recorded with values above $50,000.00 in December 2018 with a total value of $298,939,812.00.  The median mortgage amount, commercial, residential or other, was $255,000.00.

REAL ESTATE ACTIVITY THROUGH DECEMBER 2019

AS COMPARED TO THE SAME PERIOD IN 2018.

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

2019 sales volume: 7,460

2018 sales volume: 7,594

2019 total sales value: $3,967,621,324.00

2018 total sales value: $3,876,813,052.00

2019 median sales price: $385,000.00

2018 median sales price: $375,000.00

2019 mortgage volume: 13,532

2018 mortgage volume: 11,577

2019 total mortgage value:  $5,310,795,937.00

2018 total mortgage value:  $4,468,720,549.00

2019 median mortgage amount:  $285,186.00

2018 median mortgage amount:  $263,200.00

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

M/Y                Value                          % Differential/prior month

Dec             2018:      $350,000.00                                    -9%

Jan             2019:      $351,000.00                                    +0.3%

Feb             2019:      $353,000.00                                   +0.6%

Mar            2019:      $370,000.00                                   +4.8%

Apr            2019:      $379,000.00                                    +2.4%

May           2019:      $385,000.00                                    +1.6%

June           2019:      $406,000.00                                    +5.5%

July            2019:      $385,000.00                                    -5.2%

Aug            2019:      $399,000.00                                     +3.6%

Sep             2019:      $399,000.00                                      0.0%

Oct             2019:      $385,000.00                                    -3.5%

Nov            2019:      $390,000.00                                    +1.3%

Dec             2019:      $375,000.00                                    -3.8%

FORECLOSURE DEEDS

MONTH                     YTD              

2019    11                                138

2018    23                                243     

Chg.    -52.2%                        -43.2%


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