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