Current Market Rating: 2 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 3 1 2 3 4 5 Falling Rising

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VOLUME & VALUE DROP; MORTGAGES SEE JUMP!

Barnstable County Register of Deeds, John F. Meade, reports that the volume of real estate sales in January 2009 was down 27.6% from January 2008 volume and the total value of sales was down 58.5% from the previous year. The median individual property sale value was down 14.9% from the previous year. There was a 20% decrease in the volume of mortgage activity from January 2008 levels.

Year to Date: Volume of Sales is down 27.6%; Total Value of Sales is down 58.5%; Individual Sales Value is down 14.9%; Mortgage Volume is up 20%.

Register Meade reports that there were 284 deeds recorded at the Barnstable Registry of Deeds in January 2009 with stated sales values above $50,000.00 representing a stated value of $111,155,100.00 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 Jan uary was $275,000.00.

There were 1,424 mortgages recorded with values above $50,000.00 in Jan uary with a total value of $465,927,615.00. The median mortgage amount, commercial, residential or other, was $248,600.00.

By way of comparison, in January 2008, there were 392 deeds recorded at the Barnstable Registry of Deeds with stated sales values above $50,000.00 representing a stated value of $267,843,468.00 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 January was $323,000.00.

There were 1,187 mortgages recorded with values above $50,000.00 in January with a total value of $573,450,644.00. The median mortgage amount, commercial, residential or other, was $235,200.00.
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REAL ESTATE ACTIVITY THROUGH JANUARY 2009 AS COMPARED TO THE SAME PERIOD IN 2008.

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

2009 sales volume: 284
2008 sales volume: 392

2009 total sales value: $111,155,100.00
2008 total sales value: $267,843,468.00

2009 median sales price: $275,000.00
2008 median sales price: $323,000.00

2009 mortgage volume: 1,424
2008 mortgage volume: 1,187

2009 total mortgage value: $465,927,615.00
2008 total mortgage value: $573,450,644.00

2009 median mortgage amount: $248,600.00
2008 median mortgage amount: $235,200.00

TRAILING TWELVE MONTHS MEDIAN SALES VALUE:
(Sales values above $50,000.00)

M/Y Value % Differential/prior month

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%
July 2008: $295,000.00 -6.6%
Aug 2008: $300,000.00 +1.7%
Sep 2008: $310,000.00 +3.3%
Oct 2008: $312,000.00 +0.6%
Nov 2008: $297,500.00 -4.6%
Dec 2008: $290,000.00 -2.5%
Jan 2009: $275,000.00 -5.2%

FORECLOSURE DEEDS:

MONTH YTD

2008 41 41
2007 46 46

Chg. -10.9% -10.9%

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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.


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