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