Barnstable County Real Estate August Report: Volume, Sales Up

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Barnstable County Register of Deeds John F. Meade reports that the volume of real estate sales in August 2020 was up 30.4 percent from August 2019 volume and the total value of sales was up 45.6 percent from the previous year. 

The median individual property sale value was up 14 percent from the previous year.  There was a 45.2 percent increase in the volume of mortgage activity from August 2019 levels. 

Year to date, the volume of sales is down 0.9 percent; the total value of sales is up 6.9 percent; individual sales value is up 9.9 percent; and mortgage volume is up 49 percent.

There were 867 deeds recorded at the Barnstable Registry of Deeds in August 2020 with stated sales values above $50,000, representing a stated value of $552,226,726 in countywide real estate sales. Based on all property sales valued above $50,000.00, the median sale price of property in Barnstable County in August 2020 was $455,000.

There were 1,689 mortgages recorded with values above $50,000 in August 2020 with a total value of $850,067,458.  The median mortgage amount, commercial, residential or other, was $313,000. 

By way of comparison, there were 665 deeds recorded at the Barnstable Registry of Deeds in August 2019 with stated sales values above $50,000, representing a stated value of $379,171,781 in countywide real estate sales. Based on all property sales valued above $50,000.00, the median sale price of property in Barnstable County in August 2019 was $399,000.

There were 1,163 mortgages recorded with values above $50,000 in August 2019 with a total value of $466,529,640.  The median mortgage amount, commercial, residential or other, was $300,000. 

The registry reported three foreclosures in August 2020, bringing the year to date total to 72, a  67 percent decrease from August 2019, which had nine foreclosures.

 

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