Posted on December 31, 2007
Filed Under Portland Maine real estate, Maine housing statistics, Bath Maine real estate, Coastal maine real estate | Leave a Comment
The Iron Works (Bath) vs the Naval Air Station (Brunswick). A comparison of pricing between the 2 mid-coastal Maine towns. With the housing markets sluggish, heading north from Portland about 30 minutes you arrive at Brunswick, home of Bowdoin college and hosting a variety of great restaurants and culture. Traveling another 10 minutes east you hit Bath, nestled on the Kennebec river.
Bath Brunswick
# Sold 2007 108 227
Avg Sold Price 190K 263K
Current Inventory 97 175
Avg. Asking Price 242K 289K
With twice the inventory and a 38% higher average sold price 3 primary factors for Brunswick’s higher pricing include:
1) Double the size of Bath. (20,000 vs.10,000 approximately)
2) 10 minutes closer to Portland
3) Home to Bowdoin College
Posted on September 1, 2007
Filed Under Bath Maine real estate, Coastal maine real estate | Leave a Comment
The lower Mid Coast Maine real estate markets currently have numerous housing projects primarily of the condo variety poised and ready to be built, will it happen, when will it happen? Points East in Wiscasset, 75 cottages and 160 condo’s coupled with a high end marina, BathPort in Bath, 24 (I believe) luxury units on the Kennebec River and Popham Woods in Phippsburg, 60 or so units on 100 acres of land clost to Popham Beach all geared towards the Baby Boomer surge from the South. 2nd homes and retirement homes, the price tags on these units are not cheap, ranging from 300K for a one bedroom unit to $1,000,000 for the largest and best views these 3 projects represent a trend that will continue if the buyers will buy. To date it seems the sales of the units have been sluggish from word of mouth and rumor, no facts substantiate this opinion but it is my thoughts that the projects will move forward, perhaps a bit slower than expected, the units will sell, perhaps at lower price tags than currently proposed and parties will continue to relocate and retire to the lower mid-coast regions of this great state.
Posted on July 17, 2007
Filed Under General Maine Real Estate, Maine housing statistics, Bath Maine real estate | Leave a Comment
Having enjoyed putting together the housing statistics on Portland Maine, here are some current statistics on the Bath Maine real estate markets. To date there are 120 or so properties on the market, with all but 15 being Single family homes. There are an additional 32 multi unit properties for sale right now as well. Given 126 total homes sold in 2006 for an everage price of around 180K, the inventory is extremely unhealthy and high right now as the market absorbtion rate is around 1 year. I personally can’t believe how many great deals there are in houses under 150K out there right now, yet nobody seems to be buying. In 2005 the average Days on market was 69 for residential. In 2006 it was about 85, thus far in 2007 it is at 120! For all the housing statistics on Bath Maine as well as tons of fresh, new overview information recently compilied, check out the new improved real estate in Bath Maine page on my site.
