August 2018 Real Estate Transactions

Sales volume continues to dip, value rises...

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in August 2018 was down 5.1% from August 2017 volume and the total value of sales was up 6.7% from the previous year.  The medianindividual property sale value was up 9.9% from the previous year.  There was an 9.2% decrease in the volume of mortgage activity from August 2017 levels.

 

Year to Date: Volume of Sales is down 4.2%; Total Value of Sales is up 1%; Individual Sales Value is up 5.7%; Mortgage Volume is down 7.6%.

 

Register Meade reports that there were 685 deeds recorded at the Barnstable Registry of Deeds in August 2018 with stated sales values above $50,000.00 representing a stated value of $348,864,366.00 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 August 2018 was $373,500.00.

 

There were 994 mortgages recorded with values above $50,000.00 in August 2018 with a total value of $350,039,923.00.  The median mortgage amount, commercial, residential or other, was $259,731.00.

 

By way of comparison, there were 722 deeds recorded at the Barnstable Registry of Deeds in August 2017 with stated sales values above $50,000.00 representing a stated value of $327,001,447.00 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 August 2017 was $340,000.00.

 

There were 1,095 mortgages recorded with values above $50,000.00 in August 2017 with a total value of $391,764,717.00.  The median mortgage amount, commercial, residential or other, was $250,400.00.

 

REAL ESTATE ACTIVITY THROUGH AUGUST 2018

AS COMPARED TO THE SAME PERIOD IN 2017.

 

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

 

2018 sales volume: 4,949

2017 sales volume: 5,167

 

2018 total sales value: $2,462,055,414.00

2017 total sales value: $2,438,771,794.00

 

2018 median sales price: $370,000.00

2017 median sales price: $350,000.00

 

2018 mortgage volume: 7,820

2017 mortgage volume: 8,461

 

2018 total mortgage value:  $3,109,978,262.00

2017 total mortgage value:  $3,019,487,557.00

 

2018 median mortgage amount:  $261,207.00

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

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%

Aug            2018:     $373,500.00                                    -0.4%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2018    24                                165                             

2017    19                                172     

Chg.    +26.3%                       -4.1%


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