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 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

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