The Maine Newsletter 5.3

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The Southern and Coastal Maine Real Estate Newsletter – Volume 5.3 - John Herrigel

Mission
“To Educate and Elaborate on this Great State”
Table of Contents
1. Housing Statistics:
2. Commentary: Strong March Housing Results
3. Case Study: 1st Quarter 2010 Housing Report
4. Featured…..

"You have freedom of choice, but not freedom from choice."

April 2010

Fantastic March home sales

The real estate markets of Southen Maine posted excellent residential housing results for the month of March. Helped along by the strong greater Portland residential marketplace the year over year transaction volume for the entire region was up by more than 40%. . Pricing held steady throughout the region on a quarterly analysis whilst on a month to month basis median pricing was down about 14% in Sagadahoc and up by 10% in York. The median DOM (Days on Market) average dropped considerably in all 4 counties helping to further stabilize the entire marketplace. Inventories are on the rise, but this is to be expected for this time of year. Watch for continued strong results in April, May and June. . View the entire 1st quarter housing report here.

John Herrigel, Green Tree Realty

March Housing Statistics

	Transactions			Prices				DOM
	2010	2009	Change	2010	2009	Change	2010	2009	Change
York	160	118	36%	198	180	10%	89	99	-10%
Cumberland	258	172	50%	207	204	1%	73	105	-30%
Sagadahoc	28	19	47%	132	153	-14%	123	173	-29%
Lincoln	22	20	10%	150	145	3%	121	172	-30%

Current Inventory Levels

	4/20/10	3/16/10	Change
York	2666	2448	218
Cumberland	2759	2489	270
Sagadahoc	374	373	1
Lincoln	747	676	71

View More Housing Statistics »

Case Study: 1st quarter 2010 southern Maine Residential Report

Here is comparison of transaction volume and pricing for select communities in the region for the 1st quarter of 2010 compared with the first quarter of 2009. Please click here to download the PDF of the complete report

	Transaction Volume			Median Price's (000's)
	2010	2009	% Change	2010	2009	% Change
Portland	136	88	55%	206	206	0%
South Portland	56	44	27%	192	196	-2%
Cape Elizabeth	18	15	20%	305	322	-5%
Falmouth	29	20	45%	386	400	-3%
Westbrook	30	35	-14%	201	193	4%
Yarmouth	12	7	71%	195	377	-48%
Scarborough	31	24	29%	265	280	-5%
Freeport	15	7	114%	289	220	32%
Brunswick	42	15	180%	202	233	-13%
Bath	16	19	-16%	117	117	0%
	385	274	29%	225	230	-2%

Featured

Website: www.visitmaine.com/region
Looking to plan a vacation to Maine. Here is a great place to start!

Restaurant: Dogfish Cafe, Portland
2 locations with one conveniently located in downtown Portland. Great food, drink and service in a casual and unpretentious atmosphere. Try the Dogfish Burger!! Website: www.thedogfishcafe.com

Quotable Quote:
"All our dreams can come true, if we have the courage to pursue them." Walt Disney

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 (3/1/2010) through 3/31/2010). 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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The Herrigel Group
Green Tree Realty
522 Washington Avenue Suite #2, Portland, ME 04103
207-772-4242