Registry of Deeds Real Estate Activity for June 2020
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%
