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Real Estate Sales Volume has Jumped in July 2020

By on August 7, 2020 in Press Releases, Recent News

 

REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY  FOR

THE MONTH OF JULY 2020

SALES VOLUME JUMPS, VALUE RISES!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in July 2020 was up 42.6% from July 2019 volume and the total value of sales was up 68.4% from the previous year.  The median individual property sale value was up 18.2% from the previous year.  There was a 65.5% increase in the volume of mortgage activity from July 2019 levels.

Year to Date: Volume of Sales is down 5.8%; Total Value of Sales is up 0.3%; Individual Sales Value is up 9.2%; Mortgage Volume is up 49.5%.

Register Meade reports that there were 881 deeds recorded at the Barnstable Registry of Deeds in July 2020 with stated sales values above $50,000.00 representing a stated value of $552,409,788.00 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 2020 was $455,000.00.

There were 1,815 mortgages recorded with values above $50,000.00 in July 2020 with a total value of $695,224,712.00.  The median mortgage amount, commercial, residential or other, was $311,500.00.

By way of comparison, there were 618 deeds recorded at the Barnstable Registry of Deeds in July 2019 with stated sales values above $50,000.00 representing a stated value of $328,110,176.00 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 2019 was $385,000.00.

There were 1,097 mortgages recorded with values above $50,000.00 in July 2019 with a total value of $408,579,484.00.  The median mortgage amount, commercial, residential or other, was $292,000.00.

REAL ESTATE ACTIVITY THROUGH JULY 2020

AS COMPARED TO THE SAME PERIOD IN 2019.

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

2020 sales volume: 3,946

2019 sales volume: 4,191

2020 total sales value: $2,224,886,061.00

2019 total sales value: $2,218,949,667.00

2020 median sales price: $415,000.00

2019 median sales price: $380,000.00

2020 mortgage volume: 10,125

2019 mortgage volume: 6,771

2020 total mortgage value:  $3,875,886,061.00

2019 total mortgage value:  $2,502,287,559.00

2019 median mortgage amount: $296,250.00

2020 median mortgage amount: $275,861.00 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

M/Y                Value                          % Differential/prior month

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%

July             2020:      $455,000.00                                   +8.3%

 

FORECLOSURE DEEDS

MONTH                               YTD              

2020    6                                  69

2019    14                                86       

Chg.    -57.1%                        -19.6%

 

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