The Maine Real Estate Newsletter 6.11
Mission
“To Educate and Elaborate on this Great State”
Table of Contents
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Dec 2011
Happy Holidays and December Market Update
Seasons Greetings from Maine. Unseasonably warmer late Fall/early Winter weather coupled with continued low interest rates has helped keep the greater Portland and southern Maine residential housing markets on track whilst the mid coastal regions continue to remain sluggish. Transaction volume was up in both York and Cumberland counties whilst median prices remained flat year over year. Unfortunately mid coastal communites within Sagadahoc and Lincoln County are still seeing week volume and depressed prices, but with so few homes selling in this region it is difficult to discern a true trend one way or the other.
Have a wonderful holiday season and hope to help out in 2012!
John Herrigel, The Herrigel Group - Green Tree Realty
November - 2011 vs 2010
| Transactions | Prices | DOM | |||||||||
| 2011 | 2010 | Change | 2011 | 2010 | Change | 2011 | 2010 | Change | |||
| York | 181 | 151 | 20% | 210 | 218 | -4% | 95 | 125 | -24% | ||
| Cumberland | 239 | 230 | 4% | 215 | 216 | 0% | 76 | 70 | 9% | ||
| Sagadahoc | 23 | 28 | -18% | 150 | 180 | -17% | 111 | 125 | -11% | ||
| Lincoln | 39 | 36 | 8% | 155 | 243 | -36% | 151 | 188 | -20% | ||
Current Inventory Levels
| 12/19/11 | 11/21/11 | Change | ||
| York | 2403 | 2578 | -175 | |
| Cumberland | 2264 | 2505 | -241 | |
| Sagadahoc | 342 | 404 | -62 | |
| Lincoln | 739 | 815 | -76 | |
Case Study: Greater Portland Single Family Home Sales Analysis
Below is the transation volume and median single family home prices for select greater Portland communities based on the data provide by MREIS..
| Transaction Volume | Median Price's (000's) | ||||||
| 2011 | 2010 | 2009 | 2011 | 2010 | 2009 | ||
| Portland | 360 | 401 | 413 | 219 | 219 | 218 | |
| South Portland | 194 | 230 | 230 | 200 | 205 | 200 | |
| Cape Elizabeth | 112 | 121 |
102 | 384 | 385 | 287 | |
| Falmouth | 51 | 41 | 155 | 414 | 417 | 360 | |
| Westbrook | 131 | 124 | 162 | 171 | 185 | 188 | |
| Yarmouth | 82 | 91 | 75 | 268 | 269 | 300 | |
Featured
Website: www.maineoil.com
Stay up to date on the best home heating oil prices in the state as the weather turns cold!
Restaurant: Steve and Renee's Diner, Portland
Hands down the best value for great food & friendly service. Located at the corner of Washington and Veranda right off of I-295...you won't be disappointed.
Quotable Quotes:
"Act as if what you do makes a difference. It does."
William James
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.
