Portland, Southern & Coastal Maine Real Estate News and Housing Statistics - Portland ME Homes » Cape Elizabeth Real Estate

2010 Year in Review for Greater Portland and Coastal Maine

jherrigel — Fri, 21 Jan 2011 14:31:18 +0000

For the year ending 2010 the real estate markets in greater Portland and mid coastal Maine posted solid and stabilizing housing results. Overall transaction volume was almost identical to that seen in 2009 whilst median pricing actually rose 3% on a statistical basis, although in reality it seems housing prices are not really increasing or deceasing.Â Many signs point to a strong year ahead of us in 2011.. the economy is improving, inventories are low, rates remain stable and the general overall vibe is strong.

Below are detailed housing statistics on all the communities within the region.

	Transaction Volume			Median Prices
	2010	2009	Change	2010	2009	Change
Portland Homes	399	413	-3%	219	218	0%
Portland Condos	238	206	16%	193	186	3%
South Portland	278	289	-4%	198	189	5%
Cape Elizabeth	134	114	18%	359	302	19%
Falmouth	170	175	-3%	399	376	6%
Westbrook	160	194	-18%	179	185	-3%
Yarmouth	100	88	14%	281	342	-18%
Scarborough	221	223	-1%	292	297	-2%
Freeport	85	86	-1%	288	249	16%
Brunswick	200	177	13%	198	206	-4%
Bath	87	104	-16%	142	128	12%
TOTALS	2045	2036	0%	243	236	3%

Housing Report on Cape Elizabeth – Oct 2009

jherrigel — Fri, 06 Nov 2009 17:34:27 +0000

As the Fall leaves begin to disappear and snow has begun to flutter, the real estate markets of Cape Elizabeth posted very strong results for the month ending October 2009. 13 transactions transpired at a median sales price of 426K. An increase of over 200% compared with October 2008 when only 4 properties traded hands. The median sales price was flat compared to a year, better than Portland Maine that saw a 9% decrease year over year, but month over month median pricing was up 42% as larger more expensive properties sold, a good sign of things to come.

For more information on Cape Elizabeth housing please visit www.mymaineproperty.com or feel free to contact me directly at 207-650-5383 or via email at john@greentreemaine.com

Greater Portland Maine Real Estate Report May 2009

jherrigel — Thu, 04 Jun 2009 14:35:21 +0000

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.Â 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.Â 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.Â Within the Cape Elizabeth residential home market, 9 homes sold in May compared with 16 a year prior. The median price was 245K.

Southern Maine Real Estate High End SF Pricing

jherrigel — Tue, 18 Sep 2007 11:59:11 +0000

Doing some analysis for a client the other day on the available stock of property in the 500-700K range in the greater Portland Maine real estate markets, specifically Cape Elizabeth, South Portland, Falmouth and the West End, here is what the numbers reveal for average sq footage, cost/sq. footage, taxes and days on market for these high end Southern Maine communities.

Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â AveragesÂ
Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â PropertiesÂ Â Â Â Â Sq FootageÂ Â Â Â Cost/Sq. FootÂ Â Â Â Â Â Â TaxesÂ Â Â Â Â Â Â Days on Market
South PortlandÂ Â Â Â Â Â Â Â 8Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 2991Â Â Â Â Â Â Â Â Â Â Â Â Â Â $202Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $5,362Â Â Â Â Â Â Â Â Â 107
West EndÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â 7Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 3035Â Â Â Â Â Â Â Â Â Â Â Â Â Â $242Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $7,024Â Â Â Â Â Â Â Â Â Â Â 85
FalmouthÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â 49Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 3100Â Â Â Â Â Â Â Â Â Â Â Â Â Â $212Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $5,675Â Â Â Â Â Â Â Â Â Â Â 141
Cape ElizabethÂ Â Â Â Â Â Â 15Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 2674Â Â Â Â Â Â Â Â Â Â Â Â Â $239Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â $6,315Â Â Â Â Â Â Â Â Â Â Â Â 61

Falmouth has a high number of new construction listings with 20 out of the 49 accounted for not having been built yet. The West End consists primarily of town homes in this price range whilst Cape Elizabeth and South Portland are a mix of older traditional homes coupled with newer contemporary construction.