Portland Maine Condo Appreciation
Posted on October 11, 2007
Is there a difference between condo pricing and single family home pricing in the Portland Maine real estate markets. Below is an analysis on the current condo market in Portland and to follow will be a single family home analysis for comparison.
Currently in Portland there are 243 condo properties on the market with an average asking price of 294K.
The breakdown of price points is as follows:
Under 200K 200-300K 300-500K 500K +
80 97 43 25
Here is a look at the number of properties sold, the average price and year upon year appreciation for Portland condos. The total appreciation has been 96% for the entire time period.
Year # Sold Avg Price Yearly Appreciation
2007 220 246K 3%
2006 312 239K -5%
2005 368 252K 11%
2004 296 228K 19%
2003 250 192K 15%
2002 220 167K 11%
2001 168 151K 20%
2000 165 126K
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