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You are currently viewing: Posts made in June, 2009

Woolwich Maine Real Estate Report May 2009

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Just across the bridge from Bath is the town of Woolwich.  Currently there are 35 homes for sale in Woolwich Maine.  A small community with lot to offer, close to Reed State Park and Popham Beach, right off Rt 1 for access to Maine coastal communities and recreation and still under 45 minutes to Portland.   Overall residential markets have been slow to non-existent in Woolwich with no properties selling in May compared to only 1 a year prior.


Mid Coastal Real Estate Report

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The coastal Maine real estate markets in Maine continue to chug along but remain much slower than the southern and greater Portland Maine housing markets.  Phippsburg, Georgetown and Arrowsic, located close to Bath Maine have seen no homes sold in the last 3 months whilst Harpswell has fared a bit better with 6 transactions taking place in May 2009 at a median sold price of 290K.  As the entire economy continues to move through this recession, mid coastal Maine real estate will not see a significant pick up until 2nd home buyers feel comfortable with the overall health of the economy.


Greater Portland Maine Real Estate Report May 2009

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The greater Portland Maine real estate markets posted a very solid May and continue to trend upward with regard to transaction volume and median pricing.  South Portland residential real estate saw 31 transactions transpire at a median price of 189K, compared with 210K a year prior and 164K in April 2009.  The real estate in Falmouth Maine and also Cumberland saw 17 and 7 homes trade hands compared with 11 and 11 respectively from a month prior. Median pricing for these neighborhoods clocked in at 485K and 279K in May 2009.  Within the Cape Elizabeth residential home market, 9 homes sold in May compared with 16 a year prior. The median price was 245K.