Saturday, August 27, 2011

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

Homes in the East End Portland METhe 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

Thursday, August 25, 2011

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