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Barnstable County Real Estate Activity for April 2020

By on May 6, 2020 in Press Releases, Recent News

COMMONWEALTH OF MASSACHUSETTS BARNSTABLE COUNTY REGISTRY OF DEEDS

P.O. BOX 368
BARNSTABLE, MASSACHUSETTS 02630
Telephone 508-362-7733
Fax 508-362-1917
John F. Meade, Register
David B. Murphy, Assistant Register
Kathleen Grenier, Executive Administrative Assistant

JOHN F. MEADE, REGISTER OF DEEDS  REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY
FOR THE MONTH OF APRIL 2020

SALES VOLUME DROPS AND INDIVIDUAL SALES VALUE RISES!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in April 2020 was down 24.3% from April 2019 volume and the total value of sales was down 14.1% from the previous year.  The median individual property sale value was up 5.7% from the previous year.  There was a 36.5% increase in the volume of mortgage activity from April 2019 levels.

Year to Date: Volume of Sales is down 3.6%; Total Value of Sales is down 1.4%; Individual Sales Value is up 6.8%; Mortgage Volume is up 49.3%.

Register Meade reports that there were 470 deeds recorded at the Barnstable Registry of Deeds in April 2020 with stated sales values above $50,000.00 representing a stated value of $266,131,541.00 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 April 2020 was $400,500.00.

There were 1,428 mortgages recorded with values above $50,000.00 in April 2020 with a total value of $552,092,139.00.  The median mortgage amount, commercial, residential or other, was $293,100.00.

By way of comparison, there were 621 deeds recorded at the Barnstable Registry of Deeds in April 2019 with stated sales values above $50,000.00 representing a stated value of $309,970,209.00 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 April 2019 was $379,000.00.

There were 1,046 mortgages recorded with values above $50,000.00 in April 2019 with a total value of $362,434,475.00.  The median mortgage amount, commercial, residential or other, was $270,000.00.

REAL ESTATE ACTIVITY THROUGH APRIL 2020 AS COMPARED TO THE SAME PERIOD IN 2019.

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

2020 sales volume: 1,954

2019 sales volume: 2,028

2020 total sales value: $1,050,694,814.00

2019 total sales value: $1,065,399,587.00

2020 median sales price: $390,000.00

2019 median sales price: $365,000.00

2020 mortgage volume: 5,063

2019 mortgage volume: 3,392

2020 total mortgage value:  $1,873,259,511.00

2019 total mortgage value:  $1,118,572,284.00

2019 median mortgage amount: $292,000.00

2020 median mortgage amount: $264,000.00

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

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%

Jan             2020:      $375,000.00                                      0%

Feb             2020:      $375,000.00                                     0%

Mar            2020:      $406,000.00                                   +8.3%

Apr             2020:      $400,500.00                                   -1.4%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2020    11                                51

2019    8                                  52       

Chg.    +37.5%                       -1.9%

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