Cape Cod Real estate sales volume dips in July

Cape Cod Real estate sales volume dips in July

GateHouse News Service
Thu Aug 09, 2007, 12:43 PM EDT

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Orleans -
Barnstable County Register of Deeds John F. Meade said the volume of real estate sales in July 2007 was down 1.5 percent from July 2006 volume and the total value of sales was down 9.5 percent from the previous year. The median individual property sale value was down 5.3 percent from the previous year. There was a 17.1 percent decrease in the volume of mortgage activity from July 2006 levels.
Year to date: Volume of sales is down 0.3 percent; total value of sales is down 15 percent; individual sales value is down 8.4 percent; mortgage volume is down 10.8 percent.

Meade said there were 518 deeds recorded at the Barnstable Registry of Deeds in July 2007 with stated sales values above $50,000, representing a stated value of $240,902,130 in county-wide real estate sales.

Based on all property sales value above $50,000, the median sale price of property in Barnstable County in July was $345,500.

There were 1,457 mortgages recorded with values above $50,000 in July with a total of $417,239,157. The median mortgage amount, commercial, residential or other, was $204,120.

For comparison, there were 526 deeds recorded at the Barnstable Registry of Deeds in July 2006 with stated values above $50,000, representing a stated value of $266,175,690 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 July was $365,000.

There were 1,693 mortgages recorded with values above $50,000 in July with a total value of $467,607,846. The median mortgage amount, commercial, residential or other was $210,000.

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