December Housing Update for Scarborough ME

23 homes sold in Scarborough Maine during November. This reflected a 10% increase in sales volume compared to the same time frame a year ago, and a 21% increase since the previous month. The median price for Scarborough homes sold in November was 330K, which was down 1% compared to November 2010. The average number of days on the market for homes that sold in Scarborough was 68 – down slightly from last year at this time. 

This southern Maine housing update is brought to you by the Herrigel Group - specializing in homes and investment properties in the greater Portland area including real estate listings in Scarborough. To learn more about ScarboroughMaine real estate, visit us online at www.myMaineProperty.com. Contact John Herrigel directly by phone at 207-650-5383 and email: johnherrigel@gmail.com

Freeport Maine Housing Report for November 11

The month of October saw 9 homes sold in Freeport Maine. This is a 200% gain in number of homes sold compared to October of 2010. Median pricing was 238K, a 13% yearly decline, although with a small sample size this should be taken with a grain of salt. Days on the market have been decreasing to 46 in October – continuing a downward trend during the past few months.

Freeport Maine is a great place to enjoy this holiday season for shopping and more. Check out the Northern Lights Celebration hosted by Freeport’s L.L.Bean flagship store in downtown Freeport. 

To learn more about Freeport Maine real estate contact John Herrigel with the Herrigel Group - experts in coastal Maine real estate. Call John Herrigel at (207)650-5383 or email at johnherrigel@gmail.com to get started with your Freeport home search today.

Brunswick Housing Update for Nov. 2011

For the month of October 2011, there has been a 24% drop in sales volume since the year before. With 13 sales during the month of October, this was also a 19% drop since September 2011. The average price has risen by 15% year over year to 205K. This is also a 16% yearly increase.

What’s going on in the town of Brunswick? Check out the Annual Tree Lighting Ceremony on November 25^th in downtown Brunswick. Visit with Santa and Frosty the Snowman for a fun start to winter holiday activities!

This Brunswick Maine housing update has been brought to you by the Herrigel Group, specializing in southern and coastal Maine real estate. To learn more about BrunswickMaine homes for sale check out the Herrigel Group online or call John Herrigel at (207)650-5383 or email at johnherrigel@gmail.com to get started with your Brunswick Maine home search.

Portland Maine Neighborhood Feature: Bayside

Portland Maine’s Bayside area is adjacent to the city’s downtown district. The Bayside neighborhood is sometimes divided into two smaller areas, East and West Bayside. Both offer a mix of residential properties – from single family homes to multi-units and condos.

For a stylish on-peninsula dwelling, the Bayside neighborhood is an excellent location in Portland. Bordering Back Bay, West Bayside faces Back Cove Park with paths for walking and bicycling. East Bayside also has trail access to the Back Cove and Bayside trails, and is close to the Eastern Promenade Park in Portland’s East End. Both are within walking distance to all downtown hotspots.
To learn more about condos and homes for sale in Bayside Portland Maine and other great Portland neighborhoods contact the Herrgiel Group – Specializing in Portland area residential real estate. To directly enquire about homes in Portland, contact John Herrigel by phone at 207-650-5383 or via email johnherrigel@gmail.com

3rd Quarter Housing Report for Bath Maine

The Bath Maine residential real estate market saw a 31% increase in transaction volume for the 3^rd Quarter of 2011. A total of 21 sales were made during this quarter, giving the town of Bath an above average increase in sales for the region – coastal and southern Maine saw an average 20% increase in sales. Prices for Bath properties dropped 16% year over year to 122K while through coastal Maine pricing was stable. List to sales ratio in the area has been around 97%, so if priced properly a home in Bath will sell at fair market value.

To learn more about the art and culture of the town of Bath check out Markings Galley on Front St. to see the creations of contemporary local artists. For more info on real estate listings in Bath Maine check out the Herrigel Group at MyMaineProperty.com – specializing in coastal Maine homes for sale. For direct contact about Bath Maine homes for sale, contact John Herrigel by email at johnherrigel@gmail.com or by phone: 207-650-5383

Housing Update for Condos in Portland ME September 2011

Through the month of August 2011, the market for condos in Portland Maine saw a 1% decrease in average price compared to August of 2010. This left the average price of Portland condos at 191K. A total of 12 condo sales were made, which was a 29% decrease from the previous month. As a whole, stable volume and some lower pricing year over year reflect increasing value in the greater Portland area as buyers continued to purchase over the summer months.

This housing update has been compiled by John Herrigel, a local Maine real estate broker with the Herrigel Group – real estate in southern Maine. For more information on all Portland ME condo listings and condos in specific neighborhoods including Downtown Portland condos for sale contact John by phone at 207-650-5383 or via email johnherrigel@gmail.com

Cape Elizabeth ME September 11 Housing Report

The Cape Elizabeth Maine residential real estate market has seen no change in sales volume year over year, with 12 homes sold in August of both 2010 and 2011. Sales reflect a slight decrease month over month as 15 homes were sold in July 2011. Average price has decreased by 22% month over month to 320K for August. Through the greater Portland area stable volume and lower prices in the summer months have encouraged sales.

Check out the Cape Courier for community happenings, and the latest news in Cape Elizabeth. For more info on the housing markets of Cape Elizabeth, or area communities like Oakhurst, Cape Elizabeth, contact John Herrigel at mymaineproperty.com – the Herrigel Group specializes in coastal and southern Maine properties. Contact John directly by email at johnherrigel@gmail.com or by phone at 207-650-5383

Back Cove Portland Maine - A Neighborhood Feature

The Back Cove neighborhood is located along Portland’s tidal basin to the east of Portland’s Deering community and Forest Avenue. Like Deering, the Back Cove has a suburban atmosphere with quiet streets. The average price for a home in Back Cove is 299K, although rare homes with water views will be at higher at around 500K.
The Back Bay or Back Cove neighborhood features 47.5 acre Payson Park with recreational facilities for summer and winter sports. Back Cove is lined by a 3.5 mile trail, great for a bike ride, jogging, and dog walking. Near Downtown Portland, the Back Cove neighborhood is convenient to many great restaurants and a vibrant arts community.
To learn more about Back Cove, Portland ME real estate or for more info about more Portland area neighborhoods, please contact John Herrigel with the Herrigel Group – specializing in Portland ME homes for sale. John can be reached directly at 207-650-5383 or via email at johnherrigel@gmail.com

Phippsburg ME Housing Update August 2011

The real estate market in Phippsburg Maine has seen a decrease in available inventory, from July of 2010 to July 2011. There has been no change in the number of sales – with 3 for July of this year and 2010. No homes were sold in June of this year in Phippsburg. Average price has dropped to 285K for July, but with a small sample, it is difficult to assess meaning specific to the town of Phippsburg. In general, stable markets in coastal Maine led by lower interest rates make Phippsburg a great small town to relocate.

This housing report has been written by John Herrigel, a local Maine broker with the Herrigel Group at www.MyMaineProperty.com specializing in coastal and southern Maine real estate. To learn more information about properties in Phippsburg and southern and coastal ME real estate, contact John by phone at 207-650-5383 or via email johnherrigel@gmail.com

Housing Report for Condos in Portland Maine August 2011

The real estate market for condos in Portland ME has seen a decrease in inventory sold from July of 2010 to July 2011. In July 2011 a total of 17 condos were sold. This was a 29% drop in the number of condos sold year over year, but there was a month over month increase of 21%. Median price has climbed 2% year over year to 204K in July 2011. Stable markets in southern ME led by lower interest rates make Portland an excellent place to relocate.

If you are thinking about relocating to Portland, one neighborhood to consider in your condo search is Portland’s East End area. The East End, also known as Munjoy Hill, is a stylish neighborhood close to downtown with some great luxury condos for sale.

This housing report has been compiled by John Herrigel, a Maine broker with MyMaineProperty.com - the Herrigel Group. For more information about the Portland Maine condo market contact John directly by phone at 207-650-5383 or by email at johnherrigel@gmail.com

Westbrook Maine August 2011 Housing Update

The market for homes in Westbrook ME has seen a decrease in inventory on the market year over year. In July 2010, a total of 154 homes were on the market, while in July 2011 just 102 homes were on the market. There was a 29% decrease in homes sold year over year, with 12 transactions in July 2011. Median price has risen 43% year over year to 221K in July 2011. Stable markets in southern Maine led by lower interest rates make Westbrook a great place to relocate.

This housing report has been compiled by John Herrigel, a southern Maine broker with the Herrigel Group - specializing in homes for sale in southern and coastal ME. For more info about Westbrook Maine homes for sale visit www.MyMaineProperty.com or contact John directly by phone at 207-650-5383 or by email johnherrigel@gmail.com

2nd Quarter 2011 Yarmouth Maine Housing Update

The housing market in Yarmouth, ME has increased in median price to 299K for an 18% gain in the 2nd quarter of 2011 compared to 2010 numbers. Although 38 homes were sold in the second quarter last year, just 24 homes sold this quarter so transaction volume decreased by 37%. The number of homes that have sold has been lower this quarter, but this reflects the success of last year’s tax credit program for home buyers – transaction volumes are more similar to 2009.

To learn more about Yarmouth, ME visit the Merrill Memorial Library. The town library is a great place to start your research on what makes any town unique, and the Yarmouth library offers many interesting resources.

This quarterly housing report about Yarmouth, ME has been compiled by John Herrigel a local Maine broker with the Herrigel Group – MyMaineProperty.com. To learn more about Yarmouth Maine homes for sale, contact John Herrigel directly at 207-650-5383 or via email at johnherrigel@gmail.com

Westbrook Maine 2nd Quarter 2011 Housing Update

For the second quarter of 2011 the residential home market of Westbrook Maine has seen a 47% decrease in transaction volume. 31 homes sold this quarter in Westbrook compared to the 58 a year prior in the 2^nd quarter. This decrease can largely be accounted for by last year’s tax credits for home buyers. Since the 2^nd quarter of 2010, Westbrook home prices have decreased by 15%, to an average of 154K.

There is plenty going on this summer in Westbrook. The Westbrook Community Center hosts programs for children and adults alike. Adult health and fitness classes even include a Zumba® class for a cardio workout with Latin rhythms. Drop-ins are welcome, so check out the Westbrook Community Center.

This housing report was compiled by John Herrigel with MyMaineProperty.com – for Westbrook homes and residential real estate through coastal and southern Maine. To learn more about Westbrook real estate, contact John Herrigel directly at 207-650-5383 or via email at johnherrigel@gmail.com

2nd Quarter 2011 Housing Update for Cape Elizabeth ME

The residential real estate market for Cape Elizabeth Maine has seen a decrease in transaction volume in the second quarter of 2011. Cape Elizabeth sales transactions are down 12% from their 2010 2^nd quarter level with just 38 homes sold this quarter. The difference can largely be accounted for by the 2010 tax credits for home buyers which enticed many people to buy, artificially inflating numbers for the year. Cape Elizabeth home prices have risen by 20%, up to an average of 411K this year since the 2^nd quarter of 2010.

What makes Cape Elizabeth Maine a great town to own a home? From a selection of comfortable and luxury homes, to a relaxing family picnic at Fort Williams Park, Cape Elizabeth neighborhoods are wonderful places to base a joyful home. Learn more about the Oakhurst neighborhood of Cape Elizabeth, ME.

This housing report was compiled by John Herrigel with Green Tree Realty about Cape Elizabeth homes and residential real estate through southern Maine. For more information about Cape Elizabeth ME real estate, contact John Herrigel directly at 207-650-5383 or via email at johnherrigel@gmail.com

Bath ME June 2011 Residential Real Estate Report

Bath has seen a significant increase in residential real estate inventory this month like many towns on the coast of Maine. 89 homes in Bath were up for sale in May 2011, but starting the beginning of June 106 homes are now available. In May 2011, 9 homes were sold. This reflects a 36% decrease for the year, but an 80% increase month over month. Lower sales may still reflect the residual effects of last year’s tax credit program, but there is overall improvement. The average number days a home will remain on the market were 41 for April of this year, and 40 for this month so this reflects little change.

To learn more about Bath visit the Maine Maritime Museum. If you are interested in more information on housing in coastal and southern Maine visit www.mymaineproperty.com or contact John Herrigel directly at 207-650-5383 or johnherrigel@gmail.com

Portland Maine June 2011 Housing Update for Condos

A total of 21 condos were sold in Portland Maine during the month of May 2011. With 31 condos selling in Portland in May 2010, sales have decreased by 32% since last year. However, by month, the sales volume has increased dramatically, as only 10 condos were sold in Portland in April of this year! This indicates that last year’s first time home buyer’s tax credit may have artificially boosted sales, and these have returned to a more realistic pattern. With 161 condos for sale for the month of June inventory is up from 155 a month earlier. Average price remains stable at about 215K.

Activities like community gardening can provide an enjoyable way to get to know your neighbors and enjoy Portland’s common green spaces. With so much to offer, a condo can be a great housing option in Portland Maine, close to amenities and conveniences with many opportunities for community involvement.

For more information on Portland ME condos please reach out directly. My name is John Herrigel and I am a local Maine broker with the Herrigel Group and can be reached at 207-650-5383 or via email at johnherrigel@gmail.com

Featuring Willard Beach, a Neighborhood in South Portland, ME

Conveniently located 3 miles from Portland’s Old Port district, South Portland’s Willard Beach is a comfortable neighborhood with a diverse range of homes for sale. From picturesque waterfront properties, to homes in the mid 200’s within walking distance of the beach, there is a something available suited to a variety of budgets, so if you are interested in great real estate buys and beautiful locations Willard Beach could be perfect.

Willard Beach is a public beach connected to many attractions by maintained trails. Southern Maine Community College features an arboretum which lines a portion of the trail between Willard Beach and Fort Preble, one of the many historical land marks in the area. The beach is a favorite with locals, and it is free of admission, so it is perfect for a few hours of recreation in an otherwise busy schedule. The beach is also a preferred destination for dog walking during permitted hours.

For more information on Willard Beach homes in South Portland Maine, contact John Herrigel directly at 207-650-5383 or via email at johnherrigel@gmail.com

Westbrook Maine Housing Report for May 2011

In the Westbrook Maine real estate market during the month of April, volume decreased 31% compared with April 2010, and 21% monthly. This illustrates that 11 residential properties sold at a median price point of 134K after sitting on the market for 162 days. The median sales price was down 27% compared with a year prior and 10% month over month. The Westbrook ME residential market volume has been lower than typical, but more cautious buyers in the marketplace and the comparative difference introduced to last year’s marketplace with the first time home buyer credit which bolstered the market can account for some of this difference. Inventory is increasing for the month of May.

This report was compiled by John Herrigel, a local Maine real estate broker with Green Tree Realty. For more information on southern and coastal Maine real estate markets please contact me directly at 207-650-5383 or via email at johnherrigel@gmail.com. To find out more about Westbrook, visit the Westbrook Maine website for information about local happenings and community development.

May 2011 Housing Report for Falmouth, Maine

The Falmouth Maine residential housing market saw 12 residential transactions take place in April 2011, down from 17 in April 2010. This reflected a 20% month over month increase and 29% year over year decrease in sales. The median price in April 2011 was 356K compared with 415K in April 2010 although this reflects a small sample size more than of actual price depreciation; in fact April 2011 saw a gain from a 317k average price in the first quarter this year.

As home owners prepare for warm weather of the summer season, more homes are going on the market in May. With spring in the air, Falmouth has wonderful places to enjoy the sunshine. Just around town, or visit the Falmouth Nature Preserve, where you dog is welcome to hike with you!

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

May 2011 Real Estate Report for Yarmouth

The Yarmouth Maine residential real estate markets saw 7 transactions occur at a median price of 280K up from a 4% statistical price increase from April 2010, during the month ending April 2011. Overall this market remains stable. A few more houses available in April over March of 2010 reflect the general area trend that home owners often wait for warmer weather to sell. The town of Yarmouth, Maine features a classic New England style main street which a prime place to experience the local hospitality, either as a visitor or resident.

Thank you for reading about Yarmouth, ME homes for sale. For more information about Yarmouth Maine real estate market conditions please visit my website www.mymaineproperty.com or contact me directly at 207-650-5383 or johnherrigel@gmail.com

Freeport Maine Housing Report May 2011

The Freeport Maine residential real estate market saw 5 transactions close in April 2011. This was a statistical decrease of 29% compared with April 2010, although this may be a reflection of the success of the previous year’s first time buyer tax credit program. This year, sales were up 67% from March to April 2011 as the weather became warmer. Median prices in Freeport have risen from 195k in March to 380k in April this year, although this 95% monthly or 49% yearly jump comes from a small sample size.

This report was compiled by John Herrigel with the Herrigel Group, a local real estate broker with Green Tree Realty. For more info on the local Freeport Maine real estate markets please contact me directly at 207-650-5383 or via email at john@greentreemaine.com. For more information about Freeport Maine, visit the Town of Freeport online.

Brunswick ME May 2011 Real Estate Report

For the month ending April 2011 the residential real estate markets of Brunswick, ME saw 10 condos and homes sell compared with 20 a year prior in April which represents a 50% volume decrease year over year. Housing prices in the Brunswick residential marketplace continue to stabilize with a statistical climb of 8% this month with the median price clocking in at 203K compared with 220K a year prior. The current inventory of homes on the market in Brunswick is slowly climbing, with 125 homes on the market in April of this year, compared to 115 just a month earlier.

To learn more about why Brunswick Maine is a great place to live, visit the Brunswick Downtown Association on the web.

For more info on the local coastal Maine real estate markets please contact John Herrigel with the Herrigel group at 207-650-5383 or via email at john@greentreemaine.com

South Portland March 2011 Housing Report

The real estate markets of South Portland Maine had a poor showing in February with only 10 homes and condos trading hands compared with 21 a year prior. Rough winter weather coupled with a slower market in general are most likely the 2 major factors. Pricing, however, continues to remain strong as the median price clocked in at 190K compared with 167K for the same time period in 2010. Given the smaller sample sizes this number is perhaps a bit skewed and in reality pricing is quite stable. Going forward with the spring upon us.. watch for improving conditions throughout the entire greater Portland region.

For more info on South Portland real estate please reach out directly. My name is John Herrigel and I am a local Maine broker with Green Tree Realty and can be reached at 207-650-5383 or via email at johnherrigel@gmail.com

Harpswell March 2011 Home and Condo Report

For the month ending February 2011 the Harpswell housing market saw just 2 homes sell at a median price point of 560K. A year prior only 2 homes sold as well and in January of 2011 just 3 homes sold thus this coastal Maine real estate market continues to remain sluggish. Hopefully as the snow melt the 2nd home buyer market should begin picking up which will help the region out immensely!

To get more information on Harpswell homes for sale please visit www.mymaineproperty.com, contact me directly at 207-650-5383 or via email at john@greentreemaine.com

Scarborough ME Housing Report January 2010

The Scarborough ME housing market posted average results in January as this market slowed down like much of the greater Portland real estate markets have done this winter. 11 residential transactions took place, down 8% year over year and 27% month over month. The median sold price clocked in at 294K which is almost identical to where it was in 2009.
For more information on real estate in Scarborough Maine please visit www.mymaineproperty.com or feel free to contact me directly at 207-650-5383 or via email at john@greentreemaine.com

South Portland Maine February 2011 Housing Report

The month of January saw 10 residential properties sell at a median price point of 222K. This represents a 9% volume decrease from the 11 that sold in January 2009 and an decrease of 23% from the number that sold in December. Pricing statistically was up 14% year over year, but this can be misleading and overall the market in housing market in South Portland remains stable.

For more information on southern ME 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

2010 Freeport Real Estate Overview

Freeport Maine started of in 2010 with an inventory of 61 homes and a median price point of 205K. Jumping forward to December 2010, Freeport Maine closed out the year with an inventory of 72 homes and an average median price point of 240K. Taking a more comprehensive look at the Freeport ME housing statics we can see a lot of action took place throughout the year. Freeport Maine Real Estate ending 2010 with an average price point of 288K, showing that many months had a much higher median price price point, July 2010 finished the month with a yearly hight of 367K. Freeport Maine sold 85 homes this past year with a the highest amount of sales taking place in the 2nd quarter with 33 home sales, the highest month being June with 17 sales. Freeport started 2010 with a median days on the market of 81 and finished with an average of 72.

To request additional information on real estate in the Freeport Maine area please contact local real estate agent John Herrigel at john@greentreemaine.com

Brunswick Maine Real Estate 2010 Overview

With 2010 closed we thought it would be a good idea to take a closer look at the Brunswick home sales statistics this past year. Brunswick real estate finished the 4th quarter of 2010 with 46 home sales which helped close out the year with a total of 200 sales. The median price point for 2010 was 198K a number that reflects a small decrease from 2009 and 2008. The median days a house sat on the market in Brunswick was 93 for 2010. This number represents and over all decrease when compared to 2009. Taking a closer look at 2010 we can see that the second quarter of the year was the strongest with 76 home sales at an average price point of 216.

For additional information regarding real estate in Brunswick, ME please contact local real estate agent John Herrigel at john@greentreemaine.com