Volume 1.3- The Maine Newsletter - John Herrigel
Mission
“To Educate and Elaborate on this Great State”
Table of Contents
1. Housing Analysis
2. “From Away”
3. Case Study: Waterfront Land
4. Commentary
5. Featured…..
"You have freedom of choice, but not freedom from choice." Click here to Unsubscribe
Housing Analysis:
Total Housing Inventories and Net Change by County:
4/10/06 3/1/06 Net Change
Cumberland: 2535 2425 110
York 2391 2252 139
Lincoln 605 522 83
Sagadahoc: 310 273 37
Quarterly Recap
Total Properties Sold
Jan Feb March
Cumberland 204 253 294
York 163 155 230
Lincoln 25 27 27
Sagadahoc 29 33 47
“From Away”
Maine's a nice place for kids
Maine children are generally better off than children in other states…Read More
Case Study: Waterfront Land in Maine
Can one still find the ideal waterfront lot at a price that is right? Yes, but you will most likely need to sacrifice the crashing surf for the peace and serenity saltwater rivers can provide. The Kennebec, Damariscotta and Sheepscot all wind their way through some beautiful country. Open ocean access, deep water moorings and buildable lots still can be found for under 200K, factor in a conservative $200/sq foot cost to build (including well, septic, foundation, walls, roof, kitchens, baths, local planning boards and soft cost) and for 500K to 750K you can have still get your waterfront retreat.
Commentary:
Through the first quarter appreciation has been statistically 0, perhaps even a downturn in some areas, but the data population for both Lincoln and Sagadahoc is small and thus the numbers will fluctuate in these areas. The amount of properties sold has steadily increased in all counties signaling a healthier market despite the high and continuing increase in inventories. Look for a more significant increase in home sales as well as perhaps statistical measurable increases in appreciation through April and May as the economy continues to churn along, rates remain historically low and the winter months are over.
Featured….
Quotable Quotes:
“You can't get there from here" and "Let's go for a ride in the cah to Bah Habah"
Maine Company: Irving Tanning Company
-A 70 year old company that filed for bankruptcy last year and has emerged successfully and profitably with plans for future expansion. The largest operation of its kind in the nation employing over 200 people in Hartland Maine, population Visit: www.irvingtanning.com
Site to Visit: www.VisitMaine.com
The Official State of Maine Tourism Site. One of the best sites around to find out what is going on in the various regions, activities, calendar of events, accommodations, etc.
Place to See: Two Lights State Park
Subject of Edward Hooper's famous painting “Lighthouse at Two Lights”. Located in Cape Elizabeth, spectacular views of Casco Bay in all directions.
http://www.state.me.us/cgi-bin/doc/parks/find_one_name.pl?park_id=28
Restaurant: Sillys
Located at 40 Washington Ave just before Cumberland. An excellent casual dining experience with great character. Try the SlyGuy wrap.
Ph: 772-0360 www.sillys.com
All information contained herein is deemed accurate when facts are stated. All opinions are that of the author. We apologize for any inaccuracies, offenses or misrepresentations
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Thanks for reading.
Next Issue: Early May
www.MyMaineProperty.com
**All housing data has been derived from the Maine IDX MREIS System
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