November 2009 Phippsburg and Georgetown Housing Report

For the month ending November 2009 the coastal markets of Georgetown and Phippsburg Maine saw just 3 transactions occur at a median price of 265K. This contrasts with 1 transaction in November 2008. These coastal maine real estate communities have continued to remain slow throughout the beginning of the housing recovery as a large portion of home sales in the region are 2nd home purchases, a market segment that continues to lag.

Thanks for reading about Georgetown and Phippsburg ME real estate. For more information please visit my website www.mymaineproperty.com or contact me directly at 207-650-5383 or john@greentreemaine.com

Bath Maine Real Estate Report Nov 2009

For the month ending November 2009 the Bath Maine housing market saw 10 single family and condo residential transactions occur at a combined median price of127K with each home sitting on the market for a median of 29 days. This represents a volume increase of 100% from November 2008 when a total of 5 homes sold in Bath. On a month over month basis transaction volume and pricing were down just a bit.

To get more information on this Coastal Maine real estate community please visit www.mymaineproperty.com, contact me directly at 207-650-5383 or via email at john@greentreemaine.com

The Cape Elizabeth real estate markets saw 6 transactions take place at a median price point of 378K after sitting on the market for a median days on market of 97. This contrasts with 9 homes sold at a median price after sitting on the market 97 days as well in November 2008. The Cape market had a very strong October with 13 sales closing and overall this market has remained stable and continues to improve.

For more information on this Southern Maine housing community please visit www.mymaineproperty.com, contact me directly at 207-650-5383 or via emai

South Portland Maine October 2009 Market Report

South Portland Maine residential real estate saw 29 transactions take place in October 2009 compared with 25 a year prior. Median pricing clocked in at 196K compared with 173K in October 2008. Pricing year over year was actually up 13% compared with its larger neighbor Portland whom saw a 9% decrease in median prices for the same period. The residential markets continue to see healthy activity given the overall economic conditions. Inventory currently hovers around 150 residential units.

For more information on southern Maine real estate please visit www.mymaineproperty.com or feel free to contact me directly at 207-650-5383 or via email at john@greentreemaine.com

Southern Maine Housing Report - September 2009

For the 4 counties followed - York, Cumberland, Sagadahoc and Lincoln - 3 out of the 4 saw significant volume increases relative to a year prior, a trend that has been continuing for the past 3-5 months however price decreases year over year in September were a bit larger than previous months as the median prices fell 18% in York and 25% in Sagadahoc although overall pricing is down about 10% on a rolling 3 month average. A significant reduction in the days on market was seen as well. Inventories in all 4 counties dropped as well.

For more information and to see the full Southern Maine real estate report please visit www.mymaineproperty.com