Maine Property Blog Recent Post
Portland Maine Single Family Appreciation
Realizing it has been way to long since my last post and making the effort to post a bit more frequently, here is a direct comparison to the Portland Maine real estate condo posting in the previous entry to this one. Similar inventory levels are seen for both condos and SF homes, the appreciation to me is surprisingly a bit less for the homes vs. condos, but similar trend through the years are seen in both data set.
Currently in Portland there are 259 single family homes on the market with an average asking price of 378K.
The breakdown of price points is as follows:
Under 200K 200-300K 300-500K 500K +
40 114 71 36
Here is a look at the number of properties sold, the average price and year upon year appreciation for Portland homes. The total appreciation has been 81% for the entire time period.
Year # Sold Avg Price Yearly Appreciation
2007 404 246K 3%
2006 570 239K -4%
2005 519 252K 11%
2004 566 228K 15%
2003 498 192K 7%
2002 491 167K 21%
2001 473 151K 10%
2000 479 126K
