The Maine Real Estate Newsletter 5.11

Mission
“To Educate and Elaborate on this Great State”

Table of Contents

Stable conditions Continue in Residential Markets

Happy Thanksgiving and Seasons Greetings!  This October's housing results saw no major surprises as year over year transaction volume continued to be significantly down whilst median prices remained up in most communities. However, homebuyer activity throughout October and November has been strong with numerous homes going under contract as of late with buyers scrambling to buy before rates inevitably rise. Regional inventories dropped this past month as sellers hunker down for the winter, but with continued economic recovery the stage is set for improving conditions in our regional marketplace.

John Herrigel, Green Tree Realty

October - 2010 vs 2009

Current Inventory Levels

View More Housing Statistics »

Case Study: list to sales Price ratios

We often get asked how far off homes sell from their list prices.  Below are the list to sales price ratios for select communities in the area as well as how long the average home stays on the market for.

Featured

Website: http://www.portlandmainehome.com
Useful and up to date information on the greater Portland real estate markets.

Restaurant: Vignola, Portland
Located in the heart of the Old Port, a world renowned chef and fantastic fare.  Don't miss out and be sure to make a reservation.
Website: www.vignolamaine.com

Quotable Quote: 
"Try not to be 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 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.

Next Issue:  Mid January


Disclaimers:
“Based on information from the Maine Real Estate Information System, Inc. for the period 10/1/2010) through 10/30/2010). 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.