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Registry Recording Statistics October 2024

JOHN F. MEADE, REGISTER OF DEEDS

REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

FOR THE MONTH OF OCTOBER 2024

SALES VOLUME & VALUE CONTINUE TO CLIMB!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in October 2024 was up 5.3% from October 2023 volume and the total value of sales was up 22% from the previous year.  The median individual property sale value was up 3.7% from the previous year.  There was a 22.2% increase in the volume of mortgage activity from October 2023 levels.

Year to Date: Volume of Sales is up 0.7%; Total Value of Sales is up 8.5%; Individual Sales Value is up 6.2%; Mortgage Volume is down 1.1%.

Register Meade reports that there were 536 deeds recorded at the Barnstable Registry of Deeds in October 2024 with stated sales values above $50,000.00 representing a stated value of $562,358,380.00 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 October 2024 was $700,000.00.

There were 746 mortgages recorded with values above $50,000.00 in October 2024 with a total value of $371,551,899.00.  The median mortgage amount, commercial, residential or other, was $400,000.00.

By way of comparison, there were 509 deeds recorded at the Barnstable Registry of Deeds in October 2023 with stated sales values above $50,000.00 representing a stated value of $461,031,891.00 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 October 2023 was $675,000.00.

There were 610 mortgages recorded with values above $50,000.00 in October 2023 with a total value of $322,969,137.00.  The median mortgage amount, commercial, residential or other, was $388,850.00.

REAL ESTATE ACTIVITY THROUGH OCTOBER 2024

AS COMPARED TO THE SAME PERIOD IN 2023.

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

2024 sales volume: 4.476

2023 sales volume: 4,447

2024 total sales value: $4,120,979,769.00

2023 total sales value: $3,798,667,543.00

2024 median sales price: $659,500.00

2023 median sales price: $621,000.00

2024 mortgage volume: 6,335

2023 mortgage volume: 6,405

2024 total mortgage value:  $3,570,352,520.00

2023 total mortgage value:  $3,207,633,360.00

2024 median mortgage amount: $363,750.00

2023 median mortgage amount: $336,000.00

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

M/Y                Value                          % Differential/prior month

Oct                 2023:      $675,000.00                                  +3.8%

Nov                2023:      $630,000.00                                   -6.7%

Dec                 2023:      $575,000.00                                  – 8.7%

Jan                 2024:      $590,000.00                                  +2.6%

Feb                 2024:      $625,000.00                                 +5.9%

Mar                2024:      $610,000.00                                 -2.4%

Apr                 2024:      $695,000.00                                 +13.9%

May                2024:      $675,000.00                                 -2.9%

June                2024:      $698,000.00                                 +3.4%

July                 2024:      $677,850.00                                -2.9%

Aug                 2024:      $635,000.00                                 -6.3%

Sep                  2024:      $675,000.00                                 +6.3%

Oct                  2024:      $700,000.00                                 +3.7%

FORECLOSURE DEEDS

MONTH                     YTD              

2023    4                                  39

2024    2                                  39       

Chg.    -50%                           0%

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