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The Southern and Coastal Maine Real Estate Newsletter – Volume 4.12 - John Herrigel
Mission
“To Educate and Elaborate on this Great State”
Table of Contents
1. Housing Statistics:
2. Commentary: Charging Forward through November
3. Case Study: Southern Maine Multi-Unit Snapshot
4. Featured…..
"You have freedom of choice, but not freedom from choice."
Housing Statistics:
Sold Properties by County – Nov 09 (Nov 08) (% Change):
|
|
Transactions |
|
Prices |
|
|
DOM |
|
|
2009 |
2008 |
Change |
|
2009 |
2008 |
Change |
|
2009 |
2008 |
Change |
York |
227 |
146 |
55% |
|
189 |
215 |
-12% |
|
78 |
111 |
-30% |
Cum |
296 |
205 |
44% |
|
205 |
218 |
-6% |
|
76 |
68 |
12% |
Sag |
37 |
19 |
95% |
|
150 |
177 |
-15% |
|
65 |
113 |
-42% |
Lin |
34 |
19 |
79% |
|
205 |
349 |
-41% |
|
164 |
94 |
74% |
Total Housing Inventories and Net Change by County:
|
12/15/09 |
11/16/09 |
Change |
York |
2452 |
2574 |
122 |
Cum |
2513 |
2723 |
210 |
Sag |
394 |
439 |
45 |
Linc |
727 |
790 |
63 |
Commentary: Charging Forward Through November
For the month ending Nov 2009 transaction volume in Southern Maine was WAY up in all 4 counties followed. York, Cumberland, Sagadahoc and Lincoln saw 55%, 44%, 95% and 79% increases respectively. The southern Maine markets continue to see recovery helped along by the lowest interest rates in 4 decades and the extension/expansion of the housing tax credit. Additionally in November a few individual towns, most notably Portland, saw month over month price appreciation whilst the aggregate county data continues to show flat pricing month over month.
Case Study: Southern Maine Multi Unit Snapshot
How have the various multi unit markets in Southern Maine fared over the past couple of years? Here is a snapshot of the current condition. Please visit the Maine investment section of www.myMaineProperty.com to view these figures in comparison to recent sold figures.
|
Portland |
South Portland |
Westbrook |
Saco |
Biddeford |
Bath |
Brunswick |
Current Inventory |
58 |
12 |
24 |
21 |
28 |
20 |
16 |
Current Asking Price |
315K |
245K |
244K |
287K |
183K |
174K |
213K |
Current Median Price |
299K |
244K |
246K |
280K |
165K |
157K |
198K |
Current Days on Market |
148 |
83 |
135 |
124 |
119 |
156 |
141 |
Featured…
Site to Visit: http://www.mymaineproperty.com/maine-first-time-tax-credit.html
Watch a great video on the new housing tax credit and learn how current home owners can now benefit as well.
Restaurant: Cape Arundel Inn, Kennebunkport
A wonderful dining experience in every way, shape and form. Overlooking the mighty Atlantic Ocean the Cape Arundel Inn offers gourmet cuisine and fantastic service. Perfect for the romantic getaway or special occasion. Be sure to make reservations and please visit them online at http://www.capearundelinn.com/
Quotable Quotes: “Try not to become a man of success but a man of value.”
Albert Einstein
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 January
Disclaimers:
“Based on information from the Maine Real Estate Information System, Inc. for the period (11/1/2009) through 11/30/2009). 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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