The Maine Newsletter 5.5

The Southern and Coastal Maine Real Estate Newsletter – Volume 5.9 - John Herrigel

Mission
“To Educate and Elaborate on this Great State”
Table of Contents
1. Housing Statistics:
2. Commentary:  Slow Summer Real Estate Sales
3. Case Study: Portland residential market report
4. Featured…..       

"You have freedom of choice, but not freedom from choice."
                                  

Slow sales as we enter the Fall Season here in Maine

The real estate markets feel a bit tentative in Southern Maine as we enter the traditionally strong fall buyers season.  Transaction volume was down in all 4 counties for the month of August, a trend that began in July and will most likely  continue through September, as post-tax credit hangover and uncertainty about the economy linger.  The good news however is that pricing seems to have found traction with year over year pricing up in all regions. Portland Maine posted a whopping 11% increase year over year!  The median days on market creeped up in most locales, but current inventory levels dropped helping to further stabilize pricing going forward.

John Herrigel, Green Tree Realty

April 2010 Housing Statistics

Current Inventory Levels

Case Study: Waterfront Home Sales in Maine

Below is a snapshot comparison of waterfront home sales in the greater Portland and lower mid coastal regions of Maine.

Featured

Website: http://www.pickyourown.org/ME.htm
Apple season is upon us. Visit this website to find a great local farm to go picking at.

Restaurant: Nosh Kitchen Bar, Portland
Recently featured on the show "Man vs Food".. this new restaurant on Congress street offers fantastic food at very reasonable prices.  
Website: http://www.noshkitchenbar.com

Quotable Quote: 
"Carry out a random act of kindness, with no expectation of reward, safe in the knowledge that one day someone might do the same for you." Diana Pearson

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 8/1/2010) through 8/31/2010). 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.