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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: May 2011 vs May 2010 |
| 3) Case Study: Portland Maine Price Appreciation |
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Slower Sale Volume and Stable Pricing in Greater Portland
For the month ending May 2011.. the southern Maine, greater Portland Maine and lower mid coastal markets continued to experience much of the same.... weakened transaction volume coupled with overall price stability.. Portland Maine continues to be a bright spot with possbile price appreciation evidenced by the case study below. Alas outside the greater Portland marketplace buyers continue to remain tentative at best despite the killer interest rates and generally realistic pricing from Seller. Going forward I expect to see much of the same, but as Portland continues to heat up with 2 multi million dollar developments on the horizon..the entire region will hopefully see improved market conditions.
View More In Depth Housing Statistics Here»
John Herrigel, The Herrige Group - Green Tree Realty
May - 2011 vs 2010
|
Transactions |
|
Prices |
|
|
DOM |
|
|
2011 |
2010 |
Change |
|
2011 |
2010 |
Change |
|
2011 |
2010 |
Change |
| York |
159 |
209 |
-24% |
|
188 |
189 |
-1% |
|
101 |
65 |
5% |
| Cumberland |
282 |
366 |
-23% |
|
219 |
206 |
6% |
|
59 |
61 |
37% |
| Sagadahoc |
28 |
53 |
-47% |
|
170 |
171 |
-1% |
|
41 |
38 |
-34% |
| Lincoln |
14 |
27 |
-48% |
|
130 |
125 |
4% |
|
232 |
140 |
66% |
Current Inventory Levels
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06/21/11 |
5/22/11 |
Change |
| York |
2913 |
2757 |
156 |
| Cumberland |
3036 |
2779 |
257 |
| Sagadahoc |
402 |
366 |
36 |
| Lincoln |
893 |
802 |
91
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View More Maine Housing Statistics »
Case Study: Portland Maine Price Appreciation
Portland Maine continues to be remain a beacon of stability. Based on my first hand experience in recent transactions as well as what the statistics below support bear evidence to...it appears Portland is at worst holding its own and more than likely experiencing some price appreciation!
Median Price Change
2011 vs 2010
|
Condos |
Homes |
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| January |
6% |
8% |
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| February |
18% |
5% |
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| March |
10% |
9% |
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| April |
27% |
-16% |
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| May |
6% |
16% |
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| Average |
13% |
5% |
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Featured
Website: http://www.mainetodo.com/
Sweet site with all sorts of things to do all over the great state of Maine!
Restaurant: Diamonds Edge
Fine dining on a fantastic island just minutes by ferry from Portland. Well worth the adventure!
http://www.diamondsedge.com/
Quotable Quotes:
"There is only one success--to be abel to spend your life in your own way."
Christopher Morley
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.
Disclaimers:
“Based on information from the Maine Real Estate Information System, Inc. for the period 5/1/2011) through 5/31/2011). 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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