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Welcome To Cape Cod!!
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VOLUME, VALUE DOWN AGAIN!
Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in June 2008 was down 10.2% from June 2007 volume and the total value of sales was down 16.2% from the previous year. The median individual property sale value was down 6.5% from the previous year. There was a 24.1% decrease in the volume of mortgage activity from June 2007 levels.
Year to Date: Volume of Sales is down 8.2%; Total Value of Sales is down 11.3%; Individual Sales Value is down 6.5%; Mortgage Volume is down 15.1%.
Register Meade reports that there were 601 deeds recorded at the Barnstable Registry of Deeds in June 2008 with stated sales values above $50,000.00 representing a stated value of $272,526,618.00 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 was $315,900.00.
There were 1,312 mortgages recorded with values above $50,000.00 in June with a total value of $378,843,153.00. The median mortgage amount, commercial, residential or other, was $218,403.00.
By way of comparison, there were 669 deeds recorded at the Barnstable Registry of Deeds in June 2007 with stated sales values above $50,000.00 representing a stated value of $325,212,890.00 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 was $338,000.00.
There were 1,728 mortgages recorded with values above $50,000.00 in June with a total value of $526,298,928.00. The median mortgage amount, commercial, residential or other, was $230,000.00.
REAL ESTATE ACTIVITY THROUGH JUNE 2008 AS COMPARED TO THE SAME PERIOD IN 2007.
2008 sales volume: 2,982
2007 sales volume: 3,250
2008 total sales value: $1,450,798,030.00
2007 total sales value: $1,636,254,084.00
2008 median sales price: $318,000.00
2007 median sales price: $340,000.00
2008 mortgage volume: 8,736
2007 mortgage volume: 10,294
2008 total mortgage value: $2,942,971,085.00
2007 total mortgage value: $3,163,287,990.00
2008 median mortgage amount: $230,000.00
2007 median mortgage amount: $230,000.00
TRAILING TWELVE MONTHS MEDIAN SALES VALUE:
(Sales values above $50,000.00)
M/Y Value % Differential/prior month
June 2007: $338,000.00 +4%
July 2007: $345,500.00 +2.2%
Aug 2007: $355,000.00 +2.8%
Sep 2007: $387,500.00 +9.2%
Oct 2007: $345,000.00 -11%
Nov 2007: $330,000.00 +4.3%
Dec 2007: $329,000.00 -0.3%
Jan 2008: $323,000.00 -1.8%
Feb 2008: $327,450.00 +1.4%
Mar 2008: $310,000.00 -5.3%
Apr 2008: $315,000.00 +1.6%
May 2008: $315,501.00 +0.16%
June 2008: $315,900.00 +0.13%
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*Questions? We are happy to offer a *professional* complimentary, no obligation, consultation via email and/or telephone. Thank you. ~Cedrone and MacDonald Real Estate
The above information was provided by the Barnstable County Register of Deeds and includes the towns and villages of Bourne, Falmouth, Mashpee, Sandwich, Barnstable, Yarmouth, Dennis, Harwich, Brewster, Chatham, Orleans, Eastham, Wellfleet, Truro and Provincetown.
Location Characteristics: Great spot to vacation and live!
For More Information:
View Market Conditions of other areas served by Cedrone and MacDonald Real Estate
Navigate: Top > Massachusetts > Cape Cod
About Cedrone and MacDonald Real Estate:
Welcome! Are you contemplating the purchase and/or sale of property on Cape Cod or, Southeastern MA? No longer do you have to "hope" you have chosen qualified professionals to guide you through the process of buying and/or selling your home. Our
value to you isn't just what we "do", it is also the years of experience and knowledge we bring to your transaction. The goal of this web site is to offer you an introduction to a few tools we use, which enable our clients to make wise and informed property buying and selling decisions throughout Cape Cod, as well as towns elsewhere in Southeastern MA. We also network with several excellent Realtors throughout Massachusetts and the US. So, if you would like recommendations for areas we do not cover, we will try to assist.
Questions? Please feel free to email or telephone: 508.947.2295 for a *professional*, complimentary consultation. Thank you. ~Cedrone and MacDonald Real Estate
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
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