Source: Joseph P. Egan & Associates Copyright 2011
As depicted in the following charts, commercial real estate transaction volume in Barnstable County, MA increased modestly in 2010 with arms-length transactions outpacing the 2009 level.
In 2009 and 2010 in particular, conveyances involving distressed commercial properties of all forms continued on an upward trend. In 2010, nearly 27% of all transactions were distress conveyances involving commercial real estate assets in virtually every sector and Cape Cod sub region.
Note: Not all properties are conveyed to third parties through the auction process, a factor which has become more apparent in recent quarters. Typically auctioned properties which are ultimately acquired by the mortgagee such as a bank, private lender or other lien holder at auction are held until they are eventually re-conveyed out of a REO portfolio or privately. A similar scenario may result in the case of a deed in lieu of foreclosure. Consequently, in calculating the transaction volume which is generally based on recorded conveyances, in some cases the data may reflect more than one conveyance for the same asset due the changing status.