Real Estate Sales Show Signs of Strength on Cape Cod

HYANNIS –Barnstable County saw an increase in real estate sales volume and value in December 2016.

Real estate sales volume last month was up nearly 4 percent from December 2015 and the total value of sales was up 4.7 percent from the previous year.

“It was just indicative of what we’ve been doing all year and this month was not an exception from what we’ve been doing, and it was nice to see that trend we’ve been seeing over the last year continue,” said Barnstable County Register of Deeds Jack Meade.

Numbers also increased in the volume of mortgage activity with 16.8 percent from December 2015 levels.

The median individual property sale value last month also saw an increase of 1.8 percent from last year.

For 2016, the volume of sales was up 10.9 percent, total value of sales was up 13.4 percent, mortgage volume was up 12.6 percent and individual sales value was up 3 percent, compared to 2015.

Meade expects to see real estate sales dip in the first couple of months of 2017.

“We should see activity in March greater than what we have in January,” said Meade. “We will quiet for these three months and the question is how quiet.”

By JUSTIN SAUNDERS, CapeCod.com Newscenter

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