July 2018 Real Estate Transactions

Sales volume dips, values rise...

JOHN F. MEADE, REGISTER OF DEEDS

 REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

 FOR THE MONTH OF JULY 2018

SALES VOLUME DIPS & VALUE RISES!

 

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in July 2018 was down 1.4% from July 2017 volume and the total value of sales was up 4.5% from the previous year.  The median individual property sale value was up 5.6% from the previous year.  There was an 8.9% decrease in the volume of mortgage activity from July 2017 levels.

 

Year to Date: Volume of Sales is down 4.1%; Total Value of Sales is up 0.1%; Individual Sales Value is up 5.7%; Mortgage Volume is down 7.3%.

 

Register Meade reports that there were 634 deeds recorded at the Barnstable Registry of Deeds in July 2018 with stated sales values above $50,000.00 representing a stated value of $317,099,878.00 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 July 2018 was $375,000.00.

 

There were 879 mortgages recorded with values above $50,000.00 in July 2018 with a total value of $611,076,204.00.  Themedian mortgage amount, commercial, residential or other, was $260,000.00.

 

By way of comparison, there were 643 deeds recorded at the Barnstable Registry of Deeds in July 2017 with stated sales values above $50,000.00 representing a stated value of $303,325,260.00 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 July 2017 was $355,000.00.

 

There were 965 mortgages recorded with values above $50,000.00 in July 2017 with a total value of $299,488,075.00.  Themedian mortgage amount, commercial, residential or other, was $250,000.00.

 

REAL ESTATE ACTIVITY THROUGH JULY 2018

AS COMPARED TO THE SAME PERIOD IN 2017.

 

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

 

2018 sales volume: 4,264

2017 sales volume: 4,445

 

2018 total sales value: $2,113,191,048.00

2017 total sales value: $2,111,769,794.00

 

2018 median sales price: $370,000.00

2017 median sales price: $350,000.00

 

2018 mortgage volume: 6,826

2017 mortgage volume: 7,366

 

2018 total mortgage value:  $2,759,938,340.00

2017 total mortgage value:  $2,627,722,840.00

 

2018 median mortgage amount:  $262,000.00

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

July          2017:       $355,000.00                                  -1.4%

Aug           2017:      $340,000.00                                   -4.2%

Sep            2017:      $370,000.00                                  +8.8%

Oct            2017:      $370,000.00                                      0%

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%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2018    24                                141                             

2017    22                                153     

Chg.    +9%                           -7.8%


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.