The Cape Cod real estate market might be cooling off, but individual property values are higher than a year ago, according to the September market report from the Barnstable County Registry of Deeds.
Register John F. Meade reports that the volume of real estate sales in September 2021 was down 20.7 percent from September 2020 volume and the total value of sales was down 9.6 percent from the previous year.
The median individual property sale value was up 14.4 percent from the previous year. There was a 1.7 percent decrease in the volume of mortgage activity from September 2020 levels.
Year to date volume of sales was up 8.6 percent; total value of sales was up 29.1 percent; individual sales Value was up 16.7 percent; and mortgage volume was up 23.2%.
Meade said 783 deeds were recorded at the Barnstable Registry of Deeds in September 2021 with stated sales values above $50,000, representing a stated value of $564,629,648 in county-wide real estate sales. Based on all property sales valued above $50,000, the median sale price of property in Barnstable County in September 2021 was $537,500.
There were 1,785 mortgages recorded with values above $50,000 in September 2021 with a total value of $853,873,402. The median mortgage amount, commercial, residential or other, was $330,000.