Great news for the real estate market here on Cape Cod! Volume and prices increase in January. See the article from the online version of the Cape Cod Times below-
The Cape’s real estate market continued to show signs of stability during January, with sales volume and median price increasing year-over-year, according to numbers released yesterday by the Barnstable County Registry of Deeds.
Sales volume for the month was 20.8 percent higher than in January 2009, with 343 deeds recorded, Register John F. Meade reported. The registry compiles its data based on all sales above $50,000.
The median sale price for January was $294,000, an increase of 6.9 percent from the same month a year ago. January 2009′s median sale price was $275,000.
Both sales volume and median value trail the figures for January 2008, when the registry reported 392 sales with a median value of $323,000.
And while the median price dropped 6.7 percent from December’s $315,000 — the high for 2009 — it was higher than six of the preceding 12 months’ midpoint values.
Meanwhile, mortgage activity showed a steep year-over-year decline. The registry logged 1,097 mortgages with values above $50,000 last month, a drop of 23 percent from the January 2009 total of 1,424. The median mortgage amount also fell, from $248,600 a year ago to $235,000 last month.
