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The Southern and Coastal Maine Real Estate Newsletter – Volume 5.5 - John Herrigel
Mission
“To Educate and Elaborate on this Great State”
Table of Contents
1. Housing Statistics:
2. Commentary: Continued strong Southern ME real estate markets
3. Case Study: Portland residential market report
4. Featured…..
"You have freedom of choice, but not freedom from choice."
Strong Home Sales Continue in Southern ME
The real estate markets of southern Maine continued to remain extremely strong through the month of April. Pricing and volume were significantly up in all 4 counties followed with year over year volume gains of 72% and 65% seen in the more densely populated York and Cumberland counties. The mid coastal counties of Sagadahoc and Lincoln, having lagged behind the past few months, both saw 5% and 11% gains in median pricing. With recent interest rate drops the housing outlook in Maine remains very positive.
April 2010 Housing Statistics
|
Transactions |
|
Prices |
|
| DOM |
|
| 2010 | 2009 | Change |
| 2010 | 2009 | Change |
| 2010 | 2009 | Change | | York | 211
| 123
| 72% | | 206
| 190
| 8% | | 94
| 101
| -7% | | Cumberland | 303
| 184 | 65% |
| 220 | 216 | 2% |
| 61
| 65 | -6% | | Sagadahoc | 30
| 22
| 36% |
| 160 | 153 | 5% |
| 38
| 139
| -73% | | Lincoln | 23
| 16 | 44% | | 195
| 176
| 11% | | 248 | 79
| 214% |
Current Inventory Levels
| 5/23/10
| 4/20/10 | Change | | York | 2815 | 2666 | 149
| | Cumberland | 2951 | 2759 | 192
| | Sagadahoc | 404 | 374
| 30
| | Lincoln | 790
| 747
| 43
|
Case Study: Portland SF and Condo Market Analysis
Here is a look at how the Portland Maine condo and single family housing markets have fared early on for the past few years.
|
Time Period: January through April |
| Transaction Volume |
| 2010 | 2009 | 2008 | | Single Family | 119 | 98 | 106 | | Condos | 77 | 44 | 77 |
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|
|
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| Median Sales Price (000's) |
| 2010 | 2009 | 2008 | | Single Family | 221 | 210 | 234 | | Condos | 195 | 222 | 202 |
Featured
Website: www.triggsteam.org
One of the few times I will highlight one of my own sites, but if time permits please do take a look and help me raise awareness and funds to drill a new well in a small village of Darfur to help end starvation.
Restaurant: Shima, Portland
The newest sushi place in town. Incredible prices, solid sushi. The service was great the first time, so so the 2nd, but well worth a visit. Try the Godzilla roll! Located on Fore Street across from Rosie's.
Quotable Quote:
"Everyone should be respected as an individual, but no one idolized." Albert Einstein
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 May
Disclaimers:
“Based on information from the Maine Real Estate Information System, Inc. for the period 4/1/2010) through 4/30/2010). 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.
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