The Maine Newsletter 4.10

The Southern and Coastal Maine Real Estate Newsletter – Volume 4.10 - John Herrigel

Mission
“To Educate and Elaborate on this Great State”
Table of Contents
1. Housing Statistics:
2. Commentary:  Stability in Fall Housing Figures
3. Case Study:   Greater Portland Quarterly Analysis
4. Featured…..       

"You have freedom of choice, but not freedom from choice."
                                                                                                                       
Housing Statistics:
Sold Properties by County – Sept 09 (Sept 08) (% Change):
                       # Sold                           Median. Price                 Median Days on Market 
York                226 (214)(6%)            180K (220K)(-18%)         69 (79)(-13%)
Cumberland   356 (279)(28%)           203K (220K)(-8%)           53 (75)(-29%)
Sagadahoc       33 (27)(22%)              135K (180K)(-25%)         57 (90)(-37%)
Lincoln            34 (36)(-6%)                180K (209K)(-14%)         110 (90)(22%)
           
Total Housing Inventories and Net Change by County:
                            10/20/09      9/21/09            Net Change
York                    2705           2794                    -89
Cumberland       2852           3021                    -169
Sagadahoc          463              478                      -15
Lincoln                831             860                     -29

Commentary: Stability in Fall Housing Figures
For the month ending September 2009, 3 out of the 4 counties saw volume increases relative to a year prior, a trend that has been continuing for the past 3-5 months.  Price decreases year over year  in September were a bit larger than previous months as the median prices fell 18% in York and 25% in Sagadahoc, but overall pricing is down about 10% on a rolling 3 month average.  A significant reduction in the days on market was seen, perhaps partially influenced by the first time home buyers snapping up properties prior to the December 1st deadline. 

Case Study:  Greater Portland Quarterly Housing Analysis
Here is a snapshot of the quarterly figures for the greater Portland residential real estate markets including Falmouth, Cape Elizabeth, Westbrook, South Portland and Portland.
For the full report downloadable in PDF of Word Doc, please visit:  www.MyMaineProperty.com/housing-reports.html 

Featured…

Maine Company: Maine Organic Farmers and Gardners Association
Host of the famous Common Ground Fair that takes place every September, MOFGA offers a myriad of programs on all aspects of organic, sustainable living.
Visit them online at www.MOFGA.org

Sites to Visit:   http://www.maineenvironews.com/
Stay on top of all environmental issues going on in Maine.

Restaurant: Steve and Renee’s Diner, Portland
In my opinion the best diner in town!  Friendly, prompt service with delicious food at affordable prices.  I have not been yet, but I hear their Saturday night Turkey Dinner is fantastic! Located on the corner of Washington and Veranda right off I-295. Phone: (207) 775-2722

Quotable Quotes: "The successful man will profit from his mistakes and try again in a different way."  Dale Carnegie

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 November
www.MyMaineProperty.com
www.MainePropertyBlog.com

Disclaimers:
“Based on information from the Maine Real Estate Information System, Inc. for the period (9/1/2009) through 9/31/2009). 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.