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Greater Portland Real Estate Housing Inventories

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Doing some research the other day for some clients, I compiled these statistics to get a better sense of what a modest to high end, single family home in the suburbs just north and just south of Portland is currenty offere at and what they sold for in 2006 to help me compare and contrast the different property values for these Maine towns.  I also added  links for each towns home page below as well. (DOM- Days on Market)

Southern Maine Real Estate Overview  
Updated 1-16-07
Current Inventory over 350K – 1.2M
 

Total area
Inventory:   320          Avg. Asking Price:    545K      DOM:  132    
Sold 2006:   43            Avg. Price:                 525K      DOM: 88

Freeport – www.freeportmaine.com
Inventory:   32               Avg. Asking Price:    582K          DOM:  129    
Sold 2006:   43               Avg. Price:                 511K          DOM:  120

North Yarmouthwww.northyarmouth.org
Inventory:   14               Avg. Asking Price:    452K          DOM:  109
Sold 2006:   14               Avg. Asking Price:    448K          DOM:  93

Yarmouth – www.yarmouth.me.us
Inventory:   15               Avg. Asking Price:    583K          DOM:  107    
Sold 2006:   38               Avg. Price:                 507K          DOM:  85

Cumberland – www.cumberlandmaine.com
Inventory:   27               Avg. Asking Price:    576K          DOM:  135
Sold 2006:   51               Avg. Price:                 514K          DOM:   91
Falmouth – www.town.falmouth.me.us
Inventory:   53               Avg. Asking Price:    570K          DOM:  180
Sold 2006:   108             Avg. Price:                 582K          DOM:  97
Portland – www.ci.portland.me.us
Inventory:   32               Avg. Asking Price:    498K          DOM:  155
Sold 2006:   86               Avg. Price:                 465K          DOM: 78
South Portland – www.southportland.org
Inventory:   17               Avg. Asking Price:    528K          DOM: 127
Sold 2006:   35               Avg. Price:                 477K          DOM: 126

Cape Elizabeth – www.capeelizabeth.com
Inventory:   42               Avg. Asking Price:    623K          DOM: 101
Sold 2006:   61               Avg. Price:                 599K          DOM:  78

Scarborough – www.scarborough.me.us
Inventory:   68              Avg. Asking Price:    498K             DOM: 122
Sold 2006:   119           Avg. Price:                 473K             DOM:  71

 

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