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Mission
“To Educate and Elaborate on this Great State”
Table of Contents
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| 1) Commentary: Slow and Mixed Real Estate results |
| 2) Housing Statistics: April 2011 vs April 2010 |
| 3) Case Study: Portland Maine Condos |
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Stable Maine Real Estate Market Conditions Continue
As the sun finally shines...the real estate markets in Southern Maine sent us some mixed signals for the month ending April 31st 2011. All 4 counties were once again down in volume... no big surprise as we continue to see the residual effects of inflated sales volume in 2010 as a result of the housing tax credit and thus a trend that will continue throughout June. Cumberland county and the greater Portland housing market continued to remain strong with prices statistically up 3% year over year whilst York county displayed some dismaying figures with the median price dropping 21%..perhaps an anomoy that only time will tell and overall the mid coastal regions still remain slow.
View More In Depth Housing Statistics Here»
John Herrigel, The Herrige Group - Green Tree Realty
April - 2011 vs 2010
Note: Given the low transaction volume this April...% fluctuations are more skewed than normal.
|
Transactions |
|
Prices |
|
|
DOM |
|
|
2011 |
2010 |
Change |
|
2011 |
2010 |
Change |
|
2011 |
2010 |
Change |
York |
175 |
211 |
-17% |
|
163 |
206 |
-21% |
|
101 |
94 |
7% |
Cumberland |
249 |
303 |
-18% |
|
227 |
220 |
3% |
|
108 |
61 |
77% |
Sagadahoc |
24 |
30 |
-20% |
|
185 |
160 |
16% |
|
72 |
38 |
89% |
Lincoln |
14 |
23 |
-39% |
|
123 |
195 |
-37% |
|
118 |
248 |
-52% |
Current Inventory Levels
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05/22/11 |
4/25/11 |
Change |
|
York |
2757 |
2488 |
269 |
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Cumberland |
2779 |
2443 |
336 |
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Sagadahoc |
366 |
322 |
44 |
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Lincoln |
802 |
758 |
44 |
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|
|
|
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View More Maine Housing Statistics »
Case Study: Portland condo Sales Analysis
Overall the Portland Maine condo market has faired quite well thus far this year and most signs seem to point towards steadily improving market conditions as high demand for intown condos coupled with a small supply continues to power this market segment.
|
Asking Price |
Inventory |
|
Current |
$216,000 |
158 |
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|
|
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Median Sold Price |
# Sold |
List/Sale Ratio |
Sold To Date 2011 |
$218,000 |
72 |
95% |
2010 |
$193,000 |
239 |
96% |
2009 |
$185,000 |
207 |
96% |
2008 |
$207,000 |
249 |
97% |
Featured
Website: www.portlandmainehome.com
Up to date housing statistics on the Portland Maine real estate market.
Restaurant: Back Bay Grill, Portland
Fine dining in an up and coming location.. pricey so use the groupon if you bought it :)
http://backbaygrill.com/
Quotable Quotes:
"The thing always happen that you really believe in; and the belief in a thing makes it happen."
Frank Loyd Wiright
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 mymaineproperty@gmail.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 June
Disclaimers:
“Based on information from the Maine Real Estate Information System, Inc. for the period 4/1/2011) through 4/31/2011). 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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