Coastal Waterfront property values
Posted on March 19, 2007
Current 2006
Inventory Ask. Price DOM # sold Avg Price. DOM
Southern Maine 81 987K 153 71 784K 136
Northern Suburbs 38 1.04 M 158 37 1.1M 112
Lower Mid Coast 69 712K 196 52 730K 148
Other than a significant price differential in Southern Maine, attributed partly to a large portion of current multi million dollar asking prices, current market conditions are similar to 2006 results. Inventory levels are just slightly higher than total properties sold in 2006 and thus one can expect to see a continued increase in Days on Market by extrapolating out the absorption rate to slightly under 1 year.
Search criteria used: All waterfront property for the given areas:
Southern Maine - Kennebunk, Kennebunkport, Wells, Biddeford, Saco, Scarborough
Northern Suburbs – Falmouth, Cumberland, Yarmouth, Freeport
Lower Mid Coast – Harpswell, Phippsburg, Georgetown
DOM – Days on Market
Comments
Leave a Comment
If you would like to make a comment, please fill out the form below.
You must be logged in to post a comment.
