Cape Elizabeth Maine Real Estate

Home prices are significantly higher in Cape Elizabeth compared to homes in Portland. As one of the most desirable neighborhoods in the region entry level homes begin around 250K. The current median asking prices for home's and condo's are 450K and 364K respectively. Cape Elizabeth like most communities has lost a significant portion of its value with 2009 sold prices close to where they were back in 2003.

Please click on one of the links below to learn about:

• Cape Real Estate Overview
• Cape Elizabeth Housing Data
• Oakhurst Homes for Sale
  
  
• History of Cape Elizabeth
• Outdoor Attractions in Cape
• Waterfront Property
• Cape Elizabeth Education
  

Cape Elizabeth - Maine's wealthiest town, home to scenic Fort Williams park, picturesque Portland Head Light, miles of coastal waterfront, and one of the state's best Public High Schools, Cape Elizabeth is well known in the Greater Portland Area as a great place for a tourism and year-round living. While of course dotted with the many requisite ocean-front mansions one would expect in such a scenic location, Cape Elizabeth also hosts many charming multi-acre inland homes, some of which reside on still-functioning farms and homesteads. If Cape Elizabeth does not seem to suit your fancy, real estate in South Portland may be what you are looking for or check out the homes for sale in Falmouth Maine for a similar socio-economic community to the North of Portland

Cape Elizabeth Real Estate and Housing Overview

The housing markets in Cape Elizabeth have seen significant price depreciation in 2009 with median prices down 18% compared with 2008. The good news is that stabilization in the markets seems to have arrived as inventories have dropped and prices holding relatively stable throughout 2009. Transaction volume saw a slight uptick in 2009 with 115 homes and condos selling relative to 107 in 2008.
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Cape Elizabeth Housing Graphs

Below are historical housing charts for Cape Elizabeth residential real estate
Please click on an image to enlarge.

Historical Transaction Volume

Historical Pricing

A Colorful History

The Cape Elizabeth area is one of Maine's oldest settled locations, with Western Colonists venturing into the islands and coastline in the early 1600's. Attempts to set up trading outposts with indigenous Indians led to some checkered business practices by Europeans. Subsequently, these traders met with resistance and were run off the Cape.

Fort Williams Park and Portland Head Light

The town's popular Fort Williams served as part of Portland's defense throughout several wars in the early and mid 20th century, and Portland Head Light, whose picture are synonymous with many Maine Calendars and Magazines, was commissioned by President George Washington. The park that hosts both the fort and the lighthouse are maintained by the town and open to the public free of charge, and include fair grounds, soccer fields, a baseball diamond, and many walking paths. The town has resisted charging parking and entry fees in order to insure public access to this beautiful scenery.

Subsequently, new settlers turned the town into a center for fisheries and trade. The area stayed clear of major confrontations until King Phillip's War led to the settlement's destruction. It was later repopulated in the early 1700's, and was incorporated in 1765 when it split from Falmouth. Originally the town stretched from the Scarborough border all the way to the Fore River, but in 1895 South Portland incorporated the area between Scarborough, the Fore River, and Casco Bay.
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Ocean-front Property

A glance at any real estate listing for ocean-front property in Cape Elizabeth will reveal the spectacular views of the town's rocky and sandy coast. Many houses straddle the coastline either with direct access to the water, or high above on scenic bluffs, such as the area surrounding Fort Williams Park. While prices overwhelmingly run into the seven figures, a close examination reveals extraordinary value for the breathtaking views and ocean proximity.
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A Great Public School System

Cape Elizabeth is known throughout the North East for maintaining one of America's best public school systems. Cape Elizabeth High School is a recent recipient of the Blue Ribbon Award, the highest honor an American school can receive under the No Child Left Behind Act. The school regularly achieves the highest SAT scores in the Maine public school system, and is also known for its sports program, including a Men's Lacrosse team that has won four of the last seven State Lacrosse championships
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Thanks for reading about the Cape Elizabeth Maine real estate markets. Other similar communities of interest would be to look at real estate in Freeport Maine or perhaps up the coast a bit in the housing markets of Brunswick.

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