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

Boothbay Harbor Maine Town Feature

jherrigel — Tue, 20 Dec 2011 22:16:30 +0000

The 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

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%

Coastal Maine 2009 Housing Year in Review

jherrigel — Tue, 12 Jan 2010 16:59:26 +0000

The focus of this coastal Maine real estate market reportÂ is on the lower mid coast region including Bath, Brunswick, Freeport, Phippsburg, Georgetown and Arrowsic.Â Â The median sold price for the region as a whole in 2009 was 228K, down about 9% from 250K in 2008.Â Thanks in large part to the strong 2nd half of the year, volume remained relatively unchanged, actually up 2% from 2008 levels. Â Â 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%.Â The real estate market of Brunswick Maine is the largest in the region accounting for approximately 1/3 of all volume.Â Â 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

jherrigel — Fri, 13 Nov 2009 17:35:59 +0000

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% fromÂ last year.Â 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.Â 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.Â It seems the Brunswick housing marketÂ 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

jherrigel — Thu, 24 Sep 2009 17:41:52 +0000

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.Â Transaction volume was once again up in 3 of the 4 counties followed.Â Inventories remained flat.Â Read the full August 09 real estate report here.

Thanks for reading,

John Herrigel

Maine Buyers Broker

Southern ME June Real estate report

jherrigel — Fri, 24 Jul 2009 16:12:26 +0000

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. Â Transaction volume was up a whopping 37% in York, whilst Cumberland county witnessed a 3% decrease compared to recent 10%-20%Â over the past many months. In the ME coastalÂ real estate markets of Sagadahoc and Lincoln there were significant pricing gains, 10% and 26% respectively, I think largely attributed to the 2^nd home buyer reentering the market finally.Â 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. Â Â The many first time home buyer incentives,Â the return of low interest rates and a strong 2^nd 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

Coastal Maine June 2009 report

jherrigel — Mon, 13 Jul 2009 18:51:46 +0000

The ME coastal real estate communities of Phippsburg and Georgetown saw some life this June for the first time in many months with 5 transactions closing at a median price point of 300K.Â This contrasts with 6 homes selling at a median price of 235K in June of 2008.Â Prior to this month, there had been no transaction in either of the communities since February.Â With the stateÂ giving Maine first time home buyers a 5K gift, coupled with the federal governments 8K tax credit many buyers are looking to cash in, particularly given the lower interest rates and stabilizing Maine home prices.

Woolwich Maine Real Estate Report May 2009

jherrigel — Thu, 25 Jun 2009 16:43:25 +0000

Just across the bridge from Bath is the town of Woolwich.Â Currently there are 35 homes for sale in Woolwich Maine.Â 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. Â 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

jherrigel — Mon, 08 Jun 2009 16:59:11 +0000

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.Â 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.Â 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.

Maine Coastal Real Estate Report

jherrigel — Tue, 28 Apr 2009 15:40:06 +0000

For the month ending March 2009, the real estate markets of Bath and Brunswick saw 15 total residential transactions occur compared with 16 a year prior.Â The median pricing was actually down a whopping 47% in Bath but only 3% in Brunswick and the Bath number can perhaps be attributed to a small sample size overall.

The coastal Maine real estate markets have been extremely slow through the winter months, but activity on lower priced, first time homebuyer real estate has heated up and many buyers “from away” have started to look again at higher priced offerings.