Portland Maine Single Family Appreciation
Realizing it has been way to long since my last post and making the effort to post a bit more frequently, here is a direct comparison to the Portland Maine real estate condo posting in the previous entry to this one. Similar inventory levels are seen for both condos and SF homes, the appreciation to me is surprisingly a bit less for the homes vs. condos, but similar trend through the years are seen in both data set.
Currently in Portland there are 259 single family homes on the market with an average asking price of 378K.
The breakdown of price points is as follows:
Under 200KÂ Â Â 200-300KÂ Â Â 300-500KÂ Â Â 500K +
40Â Â Â Â Â Â Â Â Â Â 114Â Â Â Â Â Â Â Â Â Â Â Â Â Â 71Â Â Â Â Â Â Â 36
Here is a look at the number of properties sold, the average price and year upon year appreciation for Portland homes.  The total appreciation has been 81% for the entire time period.
Year   # Sold   Avg Price   Yearly Appreciation
2007Â Â Â Â 404Â Â Â Â Â Â Â 246KÂ Â Â Â Â Â Â Â Â Â Â 3%
2006Â Â Â 570Â Â Â Â Â Â Â 239KÂ Â Â Â Â Â Â Â Â Â -4%
2005Â Â Â Â 519Â Â Â Â Â 252KÂ Â Â Â Â Â Â Â Â Â Â 11%
2004Â Â Â Â 566Â Â Â Â 228KÂ Â Â Â Â Â Â 15%
2003Â Â Â Â 498Â Â Â Â Â 192KÂ Â Â Â Â Â Â 7%
2002Â Â Â Â 491Â Â Â Â Â Â Â 167KÂ Â Â Â Â Â Â 21%
2001Â Â Â Â 473Â Â Â Â Â Â Â 151KÂ Â Â Â Â Â Â 10%
2000Â Â Â Â 479Â Â Â Â Â 126K

















