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Registry Recording Stats May 2017

REPORT OF BARNSTABLE COUNTY REAL ESTATE ACTIVITY

FOR THE MONTH OF MAY 2017

SALES VOLUME & VALUE RISE!

 

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in May 2017 was up 8.9% from May 2016 volume and the total value of sales was up 26.7% from the previous year.  The median individual property sale value was up 8.8% from the previous year.  There was a 3.1% increase in the volume of mortgage activity from May 2016 levels.

Year to Date: Volume of Sales is up 4.8%; Total Value of Sales is up 10%; Individual Sales Value is up 6.6%; Mortgage Volume is down 0.8%.

Register Meade reports that there were 761 deeds recorded at the Barnstable Registry of Deeds in May 2017 with stated sales values above $50,000.00 representing a stated value of $395,534,476.00 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 May 2017 was $370,000.00.

There were 1,200 mortgages recorded with values above $50,000.00 in May 2017 with a total value of $415,078,351.00.  The median mortgage amount, commercial, residential or other, was $255,000.00.

By way of comparison, there were 699 deeds recorded at the Barnstable Registry of Deeds in May 2016 with stated sales values above $50,000.00 representing a stated value of $312,074,551.00 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 May was $340,000.00.

There were 1,164 mortgages recorded with values above $50,000.00 in May with a total value of $594,815,231.00.  The median mortgage amount, commercial, residential or other, was $247,500.00.

 

REAL ESTATE ACTIVITY THROUGH MAY 2017

AS COMPARED TO THE SAME PERIOD IN 2016.

 

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

 

2017 sales volume: 2,902

2016 sales volume: 2,768

 

2017 total sales value: $1,388,534,073.00

2016 total sales value: $1,262,621,987.00

 

2017 median sales price: $346,347.00

2016 median sales price: $325,000.00

 

2017 mortgage volume: 5,220

2016 mortgage volume: 5,179

 

2017 total mortgage value:  $1,856,605,073.00

2016 total mortgage value:  $1,990,035.813.00

 

2017 median mortgage amount:  $250,000.00

2016 median mortgage amount:  $238,549.00

 

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:

(Sales values above $50,000.00)

 

M/Y                Value                          % Differential/prior month

May          2016:     $340,000.00                               +1.2%

June          2016:     $350,000.00                               +2.9%

July          2015:      $338,500.00                               -3.3%

Aug          2016:      $334,025.00                                -1.3%

Sep           2016:      $350,000.00                                +4.8%

Oct           2016:      $360,000.00                                +2.9%

Nov          2016:      $360,000.00                                    0%

Dec           2016:      $350,000.00                                 -2.8%

Jan           2017:      $340,000.00                                -2.9%

Feb           2017:      $335,000.00                                 -1.5%

Mar          2017:      $330,000.00                                 -1.5%

Apr           2017:      $350,000.00                                 +6.0%

May          2017:      $370,000.00                                 +5.7%

 

FORECLOSURE DEEDS

MONTH                     YTD               

2017    19                                112                              

2016    18                                115      

Chg.    +5.6%                         -2.6%

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May and YTD Market Data for Chatham

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Local Market Update – May 2017

A Research tool provided by the Cape Cod and Islands Association of REALTORS®, Inc.

Chatham

Single-Family Properties

Key Metrics

Pending Sales
Closed Sales

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