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You are currently viewing: Posts made in March, 2010

Southern Maine housing results in February

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For the month ending February 2010, the southern Maine real estate markets posted mixed results as most of the markets suffered from post-holiday hangover.  Some communities were up in prices, others were down.  Overall volume continues to be higher throughout the region.

As I write the markets are as hot as they have been in well over 3 years thanks largely to the first time home buyer tax credit as well as the continued low interest rates, under 5% in most cases!  As March, April and May housing statistics become available be sure to check back in as I suspect we are going to see some very encouraging results. Many homes in the greater Portland Maine housing market continue to see multiple offer situations, sold prices at or above asking prices and extremely healthy buyer interest.


Portland ME real estate update

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As we enter the March spring season, (Note: March is Maine’s snowiest month! )  it seems the residential Portland Maine real estate markets have significantly heated up as attractively priced first time home buyer properties are selling in days with multiple offers at above asking prices!  What a change from a year prior!!  It is this authors belief that this mini-frenzy will continue to pick up momentum throughout the expiration of the housing tax credit on April 30th.

As of today there are approximately 380 homes and condo’s on the market in Portland with a median asking price of 249K.  To date in 2010 a total of 80 residential real estate transactions have transpired with a median sales price of 210K with the homes sitting on the market for a median of 60 days and selling at approximately 96% of their asking price.

Click here for a complete list of Portland Maine homes for sale.
Thanks for reading!


York County January 2010 Real Estate report

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For the month ending January 2010 the York County residential Maine real estate markets saw 119 transactions transpire at a median sales price of 209K which represents an increase of about 13% year over year  when the median sold price in January for 185K.  Volume was also higher by 30% year over year.  Inventories clocked in about 100 higher in February compared to January.
For more information on southern ME real estate please visit www.mymaineproperty.com or feel free to contact me directly at 207-650-5383 or via email at john@greentreemaine.com