The Maine Real Estate Newsletter 5.12

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Mission
“To Educate and Elaborate on this Great State”

Table of Contents

1) Commentary:  Stable Marketplace in November

2) Housing Statistics: November 2010 vs November 2009

3) Case Study:   Condo and Home Sales in Portland

Stable conditions for Greater Portland Residential Markets

December 2010

Season's Greetings and Happy Holidays!  For the month ending November 30th 2010 the regional housing markets in Southern Maine posted similar results to those seen over the previous months.  Transaction volume was once again down about 20% or so year over year, but since the expiration of the housing tax credit in June the month over month volume has stabilized.  Median pricing in all 4 counties year over year was significantly up again whilst month over month pricing remains stable with even a few signs of  price appreciation.   With inventories very low and many buyers sensing a bottom...watch for improving conditions in the New Year. 
John Herrigel, Green Tree Realty

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November - 2010 vs 2009

	Transactions				Prices					DOM
	2010	2009	Change		2010	2009	Change		2010	2009	Change
York	151	227	-33%		218	189	15%		125	78	60%
Cumberland	230	296	-22%		216	205	5%		70	76	-8%
Sagadahoc	28	37	-24%		180	150	20%		125	65	92%
Lincoln	36	34	6%		243	205	-19%		188	164	15%

Current Inventory Levels

	12/20/20	11/20/20	Change
York	2473	2659	-186
Cumberland	2421	2682	-261
Sagadahoc	305	329	-24
Lincoln	765	820	-55

View More Housing Statistics »
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Case Study: Portland Real Estate By Price point
An analysis of home/condo transaction volume & days on market averages for Portland in 2010 at various price points.

	Sold to Date in 2010 - Homes				Sold to Date in 2010 - Condos
	# Sold	Days on Market			# Sold	Days on Market
Under 150K	41	75			47	104
150K to 200K	102	66			74	110
200K to 250K	103	68			52	102
250K to 300K	56	81			19	64
300K to 350K	34	89			16	136
350K to 400K	22	70			9	156
400K plus	35	106			17	108

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Featured
Website: http://www.maineoil.com
Stay up to date on the best heating oil prices in Maine this winter!
Restaurant: Steve and Renee's Diner, Portland
Hands down the best diner in Portland.  Friendly service and affordable fare.  Located conveniently at the corner of Washington and Veranda.
Quotable Quote: 
"Behold, I do not give lectures or a little charity, When I give I give myself." Walt Whitman

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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 January


Disclaimers:
“Based on information from the Maine Real Estate Information System, Inc. for the period 11/1/2010) through 11/30/2010). 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.