The Maine Newsletter 5.1

The Southern and Coastal Maine Real Estate Newsletter – Volume 5.1 - John Herrigel

Mission
“To Educate and Elaborate on this Great State”

Table of Contents
1. Housing Statistics:
2. Commentary:  2009 ME Year in Review
3. Case Study:   Select Communities 2009 Housing Analysis
4. Featured…..       

"You have freedom of choice, but not freedom from choice."
                                                                                                                       
Housing Statistics:
Sold Properties by County – 2009 (2008) (% Change):

           
Total Housing Inventories and Net Change by County:

Commentary: 2009 Year in Review for Southern and Coastal ME
2009 saw stabilization within the Southern Maine residential real estate markets. Median prices were down approximately 10% in comparison to 2008, but despite this comparative drop the price levels remained steady throughout all 4 quarters in 2009.  Thanks to a large 2nd half surge in transaction volume spurred on by the housing tax credits and the historically low interest rates all 4 counties followed posted similar transaction volumes to those seen in 2008.  The median days on market average was slightly down as well in York, Cumberland and Lincoln Counties in 2009. These encouraging signs coupled with the currently low inventories relative to 2008 all point towards a strong first half in 2010, but as rates inevitably rise and the tax credits expire this window of opportunity for both buyers and seller may shrink considerably in the 2nd half of the year. 

Case Study:  2009 vs 2008 pricing and transaction volume for select communities
How did the individual communities in greater Portland fare in 2009   Here is a comparative snapshot between 2009 and 2008.  Please visit the town specific pages of my site to view more specific housing details.

Featured…
 
Site to Visit:   2009 Year End Housing Reports for Coastal and Southern Maine
Read analysis on how the Southern and Coastal  Maine markets performed in 2009.

Restaurant: Anania's, Portland
With 3 locations in Portland...quick, quality and affordable Italian food and sandwiches. Visit them online at: http://www.ananiasvariety.com

Quotable Quotes: “Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude."
Thomas Jefferson 

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
If you know of any interested party who would like to receive this newsletter, please have them send an email to john@greentreemaine.com
 
Thanks for reading.
I am a Maine Buyers Broker servicing the Greater Portland and Lower Mid Coastal Southern Maine Real Estate Markets.

Next Issue:  Mid February
www.MyMaineProperty.com
www.MainePropertyBlog.com

Disclaimers:
“Based on information from the Maine Real Estate Information System, Inc. for the period (1/1/2009) through 12/31/2009). Provided by an individual user of MREIS. MREIS has not reviewed the contents and does not make any representations, warranties or guarantees regarding the accuracy, timeliness or completeness of any statistical information and data provided.” Rev 8.06

All countywide data is derived from the Maine Association of Realtors.