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

Scarborough ME Housing Report January 2010

The Scarborough ME housing market posted average results in January as this market slowed down like much of the greater Portland real estate markets have done this winter. 11 residential transactions took place, down 8% year over year and 27% month over month. The median sold price clocked in at 294K which is almost identical to where it was in 2009.
For more information on real estate in Scarborough Maine please visit www.mymaineproperty.com or feel free to contact me directly at 207-650-5383 or via email at john@greentreemaine.com

South Portland Maine February 2011 Housing Report

The month of January saw 10 residential properties sell at a median price point of 222K. This represents a 9% volume decrease from the 11 that sold in January 2009 and an decrease of 23% from the number that sold in December. Pricing statistically was up 14% year over year, but this can be misleading and overall the market in housing market in South Portland remains stable.

For more information on southern ME real estate please visit www.mymaineproperty.com or feel free to contact me directly at 207-650-5383 or via email at john@greentreemaine.com

2010 Freeport Real Estate Overview

Freeport Maine started of in 2010 with an inventory of 61 homes and a median price point of 205K. Jumping forward to December 2010, Freeport Maine closed out the year with an inventory of 72 homes and an average median price point of 240K. Taking a more comprehensive look at the Freeport ME housing statics we can see a lot of action took place throughout the year. Freeport Maine Real Estate ending 2010 with an average price point of 288K, showing that many months had a much higher median price price point, July 2010 finished the month with a yearly hight of 367K. Freeport Maine sold 85 homes this past year with a the highest amount of sales taking place in the 2nd quarter with 33 home sales, the highest month being June with 17 sales. Freeport started 2010 with a median days on the market of 81 and finished with an average of 72.

To request additional information on real estate in the Freeport Maine area please contact local real estate agent John Herrigel at john@greentreemaine.com

Brunswick Maine Real Estate 2010 Overview

With 2010 closed we thought it would be a good idea to take a closer look at the Brunswick home sales statistics this past year. Brunswick real estate finished the 4th quarter of 2010 with 46 home sales which helped close out the year with a total of 200 sales. The median price point for 2010 was 198K a number that reflects a small decrease from 2009 and 2008. The median days a house sat on the market in Brunswick was 93 for 2010. This number represents and over all decrease when compared to 2009. Taking a closer look at 2010 we can see that the second quarter of the year was the strongest with 76 home sales at an average price point of 216.

For additional information regarding real estate in Brunswick, ME please contact local real estate agent John Herrigel at john@greentreemaine.com

November 2010 Bath Maine Housing Update

Homes in Coastal Maine are always a prime location to purchase real estate. One of the best coastal towns, in my opinion, to purchase real estate is Bath, Maine located on the Kennebec River. This past month Bath Maine homes for sale saw 11 transactions take place. These 11 homes had a median days on the market of 84, a pretty consistent number when looking back on 2010, where the 3^rd quarter finished with an average of 74 days as the median day on market. The median price point for November 2010 reflected a rise when compared to the 1^st, 2^nd and 3^rd quarter averages that finished at 117K, 134K and 145K respectively. However due to the small sample size and that October 2010 finished with a low of 116K as the average price point, I feel that the 4^th quarter will post similar final numbers.

For more information on Bath Maine real estate please contact John Herrigel with Green Tree Maine at john@greentreemaine.com or via the web at www.mymaineproperty.com