Posted on October 26, 2007
Filed Under General Maine Real Estate | Leave a Comment
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.
Posted on October 24, 2007
Filed Under Portland Maine real estate, Maine housing statistics, Southern Maine real estate, Coastal maine real estate | Leave a Comment
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
Posted on October 11, 2007
Filed Under Portland Maine real estate, Southern Maine real estate | Leave a Comment
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
