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Portland Maine Condo Appreciation
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 200KÂ Â Â 200-300KÂ Â Â 300-500KÂ Â Â 500K +
80Â Â Â Â Â Â 97Â Â Â Â Â Â Â Â 43Â Â Â Â Â Â Â 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
2007Â Â Â Â 220Â Â Â 246KÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 3%
2006Â Â Â Â 312Â Â Â 239K Â Â Â Â Â Â Â Â -5%
2005Â Â Â Â Â Â 368Â Â Â 252KÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 11%
2004Â Â Â Â 296Â Â Â 228KÂ Â Â Â Â Â Â Â Â 19%
2003Â Â Â Â Â Â 250Â Â Â 192KÂ Â Â Â Â Â Â Â Â 15%
2002Â Â Â Â 220Â Â Â 167KÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 11%
2001Â Â Â Â Â Â 168Â Â Â 151KÂ Â Â Â Â Â Â Â Â 20%
2000Â Â Â Â 165Â Â Â 126K