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The Southern, Portland and Mid Coastal Maine Real Estate Newsletter – Volume 5.10
Mission
“To Educate and Elaborate on this Great State”
Table of Contents
1. Housing Statistics:
2. Commentary: Sluggish Sales in September
3. Case Study: 3rd Quarter Analysis
4. Featured…..
"You have freedom of choice, but not freedom from choice."
Sluggish September, Improving October
The housing markets continued to remain quiet in Southern Maine for the month ending September 30th 2010. Transaction volume was significantly down in 3 out of the 4 counties followed whilst median prices rose throughout the entire region. I believe, however, these statistical price increases can be attributed to fewer first time home buyers in the marketplace at lower price points than of real price improvement. Overall prices continue to remain stable. October thus far has seen improved buyer activity compared with September and as housing inventories and interest rates remain low....look for improving conditions throughout the Fall season in Southern Maine.
John Herrigel, Green Tree Realty
September - 2010 vs 2009
|
Transactions |
|
Prices |
|
|
DOM |
|
|
2010 |
2009 |
Change |
|
2010 |
2009 |
Change |
|
2010 |
2009 |
Change |
| York |
187
|
226
|
-17% |
|
210
|
180 |
17% |
|
68
|
69 |
-1% |
| Cumberland |
254
|
356
|
-29%
|
|
217 |
203 |
7%
|
|
63
|
53
|
17% |
| Sagadahoc |
30
|
33
|
-9% |
|
192 |
135 |
42% |
|
109
|
112 |
-3% |
| Lincoln |
35
|
34
|
3% |
|
188 |
180 |
4% |
|
82
|
110 |
-25% |
Current Inventory Levels
|
10/15/10
|
9/15/10 |
Change |
| York |
2935
|
3043
|
-108
|
| Cumberland |
3012 |
3209 |
-197
|
| Sagadahoc |
393
|
446 |
-53
|
| Lincoln |
890
|
922
|
-32
|
View More ME Housing Statistics »
Case Study: 3rd quarter town by town Analysis
Here is a look at how select individual Maine towns fared in the 3rd quarter 2010 compared with 2009.
|
Transaction Volume |
|
Median Price's (000's) |
|
2010 |
2009 |
% Change |
|
2010 |
2009 |
% Change |
| Portland |
141
|
189 |
-25% |
|
215 |
203 |
6% |
| South Portland |
66
|
87 |
-24% |
|
202 |
186 |
8% |
| Cape Elizabeth |
42
|
39
|
8% |
|
411
|
277 |
48% |
| Falmouth |
60 |
41
|
-32% |
|
367 |
336
|
9% |
| Westbrook |
43
|
56
|
-23% |
|
175 |
187 |
-7% |
| Yarmouth |
25
|
23
|
9% |
|
269 |
316 |
-15% |
| Scarborough |
54 |
84
|
-36% |
|
270 |
293
|
-8% |
| Freeport |
26
|
38
|
-32% |
|
342
|
229
|
49% |
| Brunswick |
36
|
70
|
-49% |
|
184
|
198
|
-7% |
| Bath |
16
|
23 |
-30% |
|
145 |
135 |
7% |
|
385 |
274 |
29% |
|
225 |
230 |
-2% |
Featured
Website: http://www.mainepropertyblog.com
Useful and up to date information on the housing markets of Southern Maine including Portland, Brunswick and Bath.
Restaurant: Otto's Pizza, Portland
Great selection of specialty pizza with thin crust! The best pizza I have tasted in Portland!
Website: www.ottoportland.com
Quotable Quote:
"We are all inventors, each sailing out on a voyage of discovery, guided each by a private chart, of which there is no duplicate. The world is all gates, all opportunities." Ralph Waldo Emerson
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 October
Disclaimers:
“Based on information from the Maine Real Estate Information System, Inc. for the period 9/1/2010) through 9/30/2010). 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.
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