BARNSTABLE – Real estate sales volume dipped slightly in December for Barnstable County, but the total value is up.
The volume of real estate sales was down 0.9 percent from December of 2016. The total value of sales was up 3.9 percent from the previous year and the median individual property sale value was up 4 percent.
“We’re up to a median property sales value of $364,000 for the month of December compared to $350,000 a year ago,” said Barnstable County Register of Deeds John Meade. “So that’s a nice positive gain.”
The median sales value was also up 2.5 percent from November.
Meade said the final year-to-date figures were positive as well.
“We’re up across the board with the exception of mortgage volume for the whole year which is good,” Meade said.
For the year, the volume of sales was up 2.5 percent, the total value of sales is up 4.5 percent and individual sales value is up 3.4 percent. The mortgage volume was down 9.3 percent.
The median sale price for the whole year was $351,600 compared to $340,000 in 2016.
“We’re seeing a nice slow but incremental increase in the values,” Meade said. “We were down in the $290,000 and $280,000 for a while there and now we are up to the mid-$300,000s. So that’s a positive sign overall. Steady, consistent sales action.”
Meade says that helps the market for people to get a good idea what the true value of homes are in the region.
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