Mid Coastal Maine Home Sales November 2008

Combining the lower mid coastal Maine towns of Phippsburg, Arrowsic, Georgetown and Harpswell for the month ending November 2008 7 transactions took place at an average transaction price of 375K. Generally about half of these transactions involve Maine waterfront property.  Compared to 2007 where 12 transactions occurred at an average price of 575K, one can see the markets remain slow and quiet.  The average days on Market for November  topped 200 this month compared with 109 from the  year prior.