After an encouraging August, September illustrates the volatility we have and will most likely continue to see in the markets for Southern Maine real estate.  For the 4 counties followed transaction volume was off 18% from 2006 and off greater than 28% from 2005 levels. The Average prices of homes rose in both York and Lincoln counties, but fell by 5% in Cumberland and Sagadahoc. The days on Market fluctuated greatly throughout the 4 counties. For the complete report  and housing statistics click here.

Realizing it has been way to long since my last post and making the effort to post a bit more frequently, here is a direct comparison to the Portland Maine real estate condo posting in the previous entry to this one.  Similar inventory levels are seen for both condos and SF homes, the appreciation to me is surprisingly a bit less for the homes vs. condos, but similar trend through the years are seen in both data set.
Currently in Portland there are 259 single family homes on the market with an average asking price of 378K.
The breakdown of price points is as follows:
Under 200K    200-300K    300-500K    500K +
40           114               71             36

Here is a look at the number of properties sold, the average price and year upon year appreciation for Portland homes.   The total appreciation has been 81% for the entire time period.
Year    # Sold    Avg Price    Yearly Appreciation
2007     404        246K            3%
2006     570        239K           -4%
2005     519        252K            11%
2004     566        228K            15%
2003     498        192K             7%
2002     491        167K            21%
2001     473        151K            10%
2000     479        126K

Is there a difference between condo pricing and single family home pricing in the Portland Maine real estate markets. Below is an analysis on the current condo market in Portland and to follow will be a single family home analysis for comparison.

Currently in Portland there are 243 condo properties on the market with an average asking price of 294K.

The breakdown of price points is as follows:

Under 200K    200-300K    300-500K    500K +
80          97              43             25

Here is a look at the number of properties sold, the average price and year upon year appreciation for Portland condos.  The total appreciation has been 96% for the entire time period.
Year    # Sold    Avg Price    Yearly Appreciation
2007       220    246K                 3%
2006       312    239K                -5%
2005       368    252K                 11%
2004       296    228K                 19%
2003       250    192K                 15%
2002       220    167K                 11%
2001       168    151K                 20%
2000       165    126K