December 2018 Real Estate Transactions

Sales volume and value end year on a down note...

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in December 2018 was down 14.7% from December 2017 volume and the total value of sales was down 22.4% from the previous year.  The median individual property sale value was down 3.8% from the previous year.  There was an 19% decrease in the volume of mortgage activity from December 2017 levels.

Year to Date: Volume of Sales is down 3.5%; Total Value of Sales is up 1.8%; Individual Sales Value is up 6.6%; Mortgage Volume is down 8.7%. 

Register Meade reports that 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.

By way of comparison, there were 659 deeds recorded at the Barnstable Registry of Deeds in December 2017 with stated sales values above $50,000.00 representing a stated value of $341,354,591.00 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 2017 was $364,000.00.

There were 1,093 mortgages recorded with values above $50,000.00 in December 2017 with a total value of $377,613,871.00.  The median mortgage amount, commercial, residential or other, was $264,000.00.

 

REAL ESTATE ACTIVITY THROUGH DECEMBER 2018

AS COMPARED TO THE SAME PERIOD IN 2017.

 

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

 

2018 sales volume: 7,594

2017 sales volume: 7,869

 

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

2017 total sales value: $3,806,589,668.00

 

2018 median sales price: $374,950.00

2017 median sales price: $351,600.00

 

2018 mortgage volume: 11,577

2017 mortgage volume: 12,677

 

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

2017 total mortgage value:  $4,547,159,280.00

 

2018 median mortgage amount:  $263,200.00

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

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%

Dec             2018:      $350,000.00                                      -9%

 

FORECLOSURE DEEDS

             MONTH                     YTD              

2018    23                                243                             

2017    19                                246     

Chg.    +21.1%                     -1.2%


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