BARNSTABLE – It was a good start to the year for real estate sales on Cape Cod.
The Barnstable Country Register of Deeds John Meade reports that the volume of sales was up 3.3% from last January and the total value of sales was up 13.1% from the previous year.
The median individual property sale value was up 0.6 percent from January of 2016 to $342,000.
“It’s always nice to start the year off on a plus note and January came through for us that way,” said Meade. “Knock on wood it’s a harbinger for what’s going forward.”
Meade said the higher end of the market saw strong activity in January.
“The top half of the median was high and that explains our overall value sales being up 13 percent,” Meade said.
Meade does not believe the recent volatility of the financial markets would have much of an impact on general home sales.
“I do think that some people may be saying they will diversify by putting some of their gains over the last year in something less volatile,” he said. “And we have had a nice period of real estate activity where we are seeing consistency.”
Meade the volatility may drive investors into the second home market.
He also expects real estate activity to pick up at the end of the winter into the early spring.
“The realtors start to see people start to kick tires on properties as the weather starts to warm up and people look towards having a place by the time summer comes around,” Meade said.
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