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 2nd 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 2nd 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
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