Falmouth Maine Real Estate

Posted on October 22, 2008
Filed Under Falmouth Maine Real Estate, Portland Maine Real Estate, Southern Maine Real Estate | Leave a Comment

Just North of the housing market of Portland Maine resides the wonderful community of Falmouth.  Real estate in Falmouth Maine is not cheap but resale value is generally strong as it is one of the most desirable suburbs of Portland.   Currently there are 181 homes on the market. In 2007 the average sold home price was 484K and 179 properties were sold.
Coastal property in Falmouth can be found on the foreside to the east and on Highland lake to the west.

Visit the Falmouth Maine town website here

Looking for an Equilibrium in Southern Maine markets

Posted on October 21, 2008
Filed Under Coastal Maine Real Estate, Southern Maine Real Estate | Leave a Comment

The most recent month over month average pricing in the southern Maine real estate markets ticked slightly downward in all but York County where a 9K increase from August to September was seen.  The average sold home prices continued to remain off about 15% to 20% from a year prior.  A couple of new trends that were seen this September in contrast to previous months  were a leveling off in single family and condo transaction volumes and an uptick in the Days on Market. seems to run counter intuitive to an expected decrease in the Days on Market.  Going forward it seems the southern coastal Maine real estate markets will remain slow.
Sold Properties by County – Sep 08 (Sep 07) (% Change):
     # Sold                           Avg. Price                   Avg. Days on Market 
York                211 (214)(-1%)             265K (336K)(-21%)              132 (114) (4%)
Cumberland      276 (275)(0%)             269K (312K)(-14%)              102 (86) (11%)
Sagadahoc       27 (35)(-23%)             192K (203K)(-5%)               134(102) (106%)
Lincoln            34 (22)(55%)                275K (325K) (-15%)             172 (180) (8%)