|
|
|
The Southern and Coastal Maine Real Estate Newsletter – Volume 5.6 - John Herrigel
Mission
“To Educate and Elaborate on this Great State”
Table of Contents
1. Housing Statistics:
2. Commentary: Home Sales continue to surge in Southern Maine
3. Case Study: Greater Portland Condo Market Report
4. Featured…..
"You have freedom of choice, but not freedom from choice."
June 2010
Home Sales continue to Surge in Southern Maine
The greater Portland residential housing market continued to remain strong in May 2010. Additionally the lower mid coastal market sprang to life with Sagadahoc County posting a 141% transaction volume increase year over year! Prices further stabilized throughout the southern Maine region whilst Lincoln County continued to remain stagnant. Earlier, yet greatly welcomed summer weather coupled with the expiration of the housing tax credit have left the current markets feeling a bit sluggish as of late! Watch for reduced sales activity throughout the coming months.
John Herrigel, Green Tree Realty
June Housing Statistics
|
Transactions |
|
Prices |
|
|
DOM |
|
|
2010 |
2009 |
Change |
|
2010 |
2009 |
Change |
|
2010 |
2009 |
Change |
York |
209 |
147 |
42% |
|
189 |
180 |
5% |
|
65 |
77 |
-16% |
Cumberland |
366 |
271 |
35% |
|
206 |
211 |
-2% |
|
43 |
77 |
-44% |
Sagadahoc |
53 |
22 |
141% |
|
171 |
166 |
3% |
|
62 |
55 |
13% |
Lincoln |
27 |
26 |
4% |
|
125 |
165 |
-24% |
|
140 |
235 |
-40% |
Current Inventory Levels
|
|
|
6/21/10 |
5/23/10 |
Change |
York |
2962 |
2815 |
147 |
Cumberland |
3146 |
2951 |
195 |
Sagadahoc |
435 |
404 |
31 |
Lincoln |
833 |
790 |
43 |
View More Maine Housing Statistics »
Case Study: Condo Sales in Greater Portland
Here is a comparison of transaction volume and pricing for the first 5 months of 2010 compared with 2009 in the greater Portland Maine condo market.
|
Transaction Volume |
|
Median Price's (000's) |
|
2010 |
2009 |
% Change |
|
2010 |
2009 |
% Change |
Portland |
129 |
78 |
65% |
|
200 |
219 |
-9% |
South Portland |
26 |
25 |
4% |
|
155 |
139 |
12% |
Cape Elizabeth |
7 |
8 |
-13% |
|
236 |
174 |
36% |
Falmouth |
9 |
8 |
13% |
|
205 |
295 |
-31% |
Westbrook |
20 |
17 |
18% |
|
156 |
171 |
-9% |
|
|
|
|
|
|
|
|
Featured - The Maine Lobster!
Website: http://www.gma.org/lobsters/
Learn everything and anything about lobsters, where they live, how to catch them, how to eat them and more from the Gulf of Maine Marine Institute.
Restaurant: Waters Edge, Phippsburg
Watch the lobstermen haul their catch whilst you enjoy a freshly caught steamed one. Great atmosphere and casual dining! Website:www.thewatersedgerestaurant.com/
Quotable Quote:
"A truly destitute man is not one without riches, but the poor wretch who has never partaken of lobster"Anonymous |
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 July
Disclaimers:
“Based on information from the Maine Real Estate Information System, Inc. for the period (5/1/2010) through (5/31/2010). 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.
|
|
Portland Maine Real Estate | Site Map |
Coastal Maine Real Estate | Southern Maine Real Estate
The Herrigel Group
Green Tree Realty
522 Washington Avenue Suite #2, Portland, ME 04103
207-772-4242
|
