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Boothbay Harbor Maine Town Feature

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lighthouse in Boothbay Harbor METhe coastal Maine town of Boothbay Harbor is rich in history and culture. The traditional occupations of lobstering, fishing, and shipbuilding remain popular. Houses for sale in Boothbay Harbor Maine are priced at an average of 327K, with waterfront homes pricing at an average of 588K. Through the past year, homes in Boothbay Harbor have sold at an average of 250K.

Located on a peninsula between the Sheepscot river and Damariscotta river, Boothbay Harbor is known for hospitality, and tourism. The town has a significant summer population and many amenities for tourists enjoying the Boothbay Harbor Region.

If you would like to learn about current real estate listings in Boothbay Harbor ME, or in listings in neighboring towns, visit the Herrigel Group – experts in coastal and southern Maine real estate. Or contact John Herrigel by phone at 207-650-5383 or by email at johnherrigel@gmail.com


2010 Year in Review for Greater Portland and Coastal Maine

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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.  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%

Coastal Maine 2009 Housing Year in Review

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The focus of this coastal Maine real estate market report  is on the lower mid coast region including Bath, Brunswick, Freeport, Phippsburg, Georgetown and Arrowsic.   The median sold price for the region as a whole in 2009 was 228K, down about 9% from 250K in 2008.  Thanks in large part to the strong 2nd half of the year, volume remained relatively unchanged, actually up 2% from 2008 levels.    The City of Ships, Bath Maine saw the largest swings in volume, up 50% whilst the coastal waterfront peninsulas of Phippsburg, Georgetown and Harpswell were hit the hardest with volume down about 20%.  The real estate market of Brunswick Maine is the largest in the region accounting for approximately 1/3 of all volume.   The time it took to sell a home aka the Days on Market (DOM) was down about 3% for the entire region with Bath seeing a 49% decrease helping to lead the way.

Please click here for the complete 2009 mid coastal real estate housing report.
Thanks for reading.


Brunswick Mid Coastal Real Estate Report

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The Brunswick Maine real estate markets continue to post strong figures as we enter the end of the Fall season. Despite the closign of the naval air station, volume has been strong througout the Summer and Fall season. For the most recent month ending October 31st, 23 transactions took place, up 15% from  last year.  The median price clocked in at 185K, still off a bit more than 10% from October 2008, but holding strong month over month, up 11% from September.  As we move forward and into the winter, I would expect this market to fair better than Bath, 10 minutes farther up the coast and away from Portland.  It seems the Brunswick housing market  has been and continues to be a bright spot in the mid coastal Maine real estate markets thankfully.


Coastal and Southern ME August 09 Housing Stats

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For the month ending August 2009, the southern maine real estate markets including York, Cumberland and the mid coastal real estate markets including Sagadahoc and Lincoln posted similar results to those seen in July. Median pricing continues to remain off about 10% from a year prior but month over month home prices have held strong, fluctuating up and down a bit but for the most part leveling off.  Transaction volume was once again up in 3 of the 4 counties followed.  Inventories remained flat.  Read the full August 09 real estate report here.

Thanks for reading,

John Herrigel

Maine Buyers Broker


Southern ME June Real estate report

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For the month ending June 2009 the coastal and southern Maine real estate markets posted very solid gains, the best seen in well over a year.   Transaction volume was up a whopping 37% in York, whilst Cumberland county witnessed a 3% decrease compared to recent 10%-20%  over the past many months. In the ME coastal  real estate markets of Sagadahoc and Lincoln there were significant pricing gains, 10% and 26% respectively, I think largely attributed to the 2nd home buyer reentering the market finally.  Inventories are on the rise in all 4 counties and as the summer progresses, it will be critical that they do not spiral too far upwards.    The many first time home buyer incentives,  the return of low interest rates and a strong 2nd quarter earnings from the ec0nomy at large are all contributing factors to this successful season. For the complete Maine housing report please visit www.mymaineproperty.com

Thanks for reading,

John Herrigel
Maine Buyers Agent


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