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Cape Cod Real Estate Activity for December 2020 | Sales Volume and Value Continue to Rise

By on January 13, 2021 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, Barnstable County Register of Deeds

David B. Murphy, Register Assistant Register

Kathleen Grenier, Executive Administrative Assistant

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

SALES VOLUME & VALUE CONTINUE TO RISE!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in December 2020 was up 46.5% from December 2019 volume and the total value of sales was up 94.8% from the previous year.  The median individual property sale value was up 26.7% from the previous year.  There was a 51.8% increase in the volume of mortgage activity from December 2019 levels.

Year to Date: Volume of Sales is up 14%; Total Value of Sales is up 31.4%; Individual Sales Value is up 15.1%; Mortgage Volume is up 45.5%.

Register Meade reports that there were 917 deeds recorded at the Barnstable Registry of Deeds in December 2020 with stated sales values above $50,000.00 representing a stated value of $626,490,572.00 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 2020 was $475,000.00.

There were 2,110 mortgages recorded with values above $50,000.00 in December 2020 with a total value of $881,857,046.00.  The median mortgage amount, commercial, residential or other, was $315,000.00.

By way of comparison, that there were 626 deeds recorded at the Barnstable Registry of Deeds in December 2019 with stated sales values above $50,000.00 representing a stated value of $321,520,501.00 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 2019 was $375,000.00.

There were 1,390 mortgages recorded with values above $50,000.00 in December 2019 with a total value of $528,717,575.00.  The median mortgage amount, commercial, residential or other, was $289,661.00.

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

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

2020 sales volume: 8,502

2019 sales volume: 7,460

2020 total sales value: $5,213,580,481.00

2019 total sales value: $3,967,621,324.00

2020 median sales price: $443,000.00

2019 median sales price: $385,000.00

2020 mortgage volume: 19,689

2019 mortgage volume: 13,532

2020 total mortgage value:  $7,862,449,823.00

2019 total mortgage value:  $5,310,795,937.00

2020 median mortgage amount: $303,847.00

2019 median mortgage amount: $285,186.00

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

M/Y                Value                                              % Differential/prior month

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%

Aug             2020:      $455,000.00                                      0%

Sep              2020:      $470,000.00                                    +3.3%

Oct              2020:      $475,000.00                                    +1.1%

Nov             2020:      $493,500.00                                    +3.9%     

Dec              2020:      $475,000.00                                    -3.7%

FORECLOSURE DEEDS

MONTH                                YTD              

2020    2                                  87

2019    11                                138     

Chg.    -82%                           -37%

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