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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 200K    200-300K    300-500K    500K +
40           114               71             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
2007     404        246K            3%
2006     570        239K           -4%
2005     519        252K            11%
2004     566        228K            15%
2003     498        192K             7%
2002     491        167K            21%
2001     473        151K            10%
2000     479        126K

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