Waterfront Property in Maine pricing 2008

For the year ending 2008 I compiled a rough data set of all Maine waterfront real estate around Portland and up through Bath to get a sense of how this sub market was faring.

103 transacations at an average price of 550K compared to 148 at an average price of 636K in 2007 thus representing a price drop of 15% and a transaction volume decrease of 30%.

Conclusion the southern and coastal maine residential real estate market for waterfont property has been hit harder  than the state averages of about 20% less volume and 10% lower prices.

For more information on Greater Portland Maine real estate please visit www.mymaineproperty.com