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Registry of Deeds Real Estate Activity for June 2020

By on July 8, 2020 in Press Releases, Recent News

Sales Volume Continues Slides, Mortgage Volume Spikes

June 7, 2020 – Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in June 2020 was down 9.5% from June 2019 volume and the total value of sales was down 3.7% from the previous year.  The median individual property sale value was up 3.4% from the previous year.  There was a 57% increase in the volume of mortgage activity from June 2019 levels.

Year to Date: Volume of Sales is down 14.2%; Total Value of Sales is down 11.5%; Individual Sales Value is up 5%; Mortgage Volume is up 46.5%.

Register Meade reports that there were 684 deeds recorded at the Barnstable Registry of Deeds in June 2020 with stated sales values above $50,000.00 representing a stated value of $402,122,103.00 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 June 2020 was $420,000.00.

There were 1,698 mortgages recorded with values above $50,000.00 in June 2020 with a total value of $742,018,647.00.  The median mortgage amount, commercial, residential or other, was $295,600.00.

By way of comparison, there were 756 deeds recorded at the Barnstable Registry of Deeds in June 2019 with stated sales values above $50,000.00 representing a stated value of $417,475,007.00 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 June 2019 was $406,000.00.

There were 1,083 mortgages recorded with values above $50,000.00 in June 2019 with a total value of $401,928,594.00.  The median mortgage amount, commercial, residential or other, was $285,000.00.

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

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

2020 sales volume: 3,065

2019 sales volume: 3,573

2020 total sales value: $1,672,476,273.00

2019 total sales value: $1,890,839,491.00

2020 median sales price: $399,000.00

2019 median sales price: $379,900.00

2020 mortgage volume: 8,310

2019 mortgage volume: 5,674

2020 total mortgage value:  $3,179,833,625.00

2019 total mortgage value:  $2,093,708,075.00

2019 median mortgage amount: $293,000.00

2020 median mortgage amount: $272,864.00

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

M/Y                Value                          % Differential/prior month

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%

May            2020:      $399,000.00                                   -0.4%

June            2020:      $420,000.00                                   +5.3%

 

FORECLOSURE DEEDS

MONTH                     YTD              

2020    7                                  63

2019    13                                72       

Chg.    -46.2%                        -12.5%

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