Cumberland, ME

The Cumberland Maine real estate markets saw 6 transactions take place at a median price point of 303K after sitting on the market for a median days on market of just 18 compared with 7 homes having sold at a median price of 279K after sitting on the market for 217 days in May 2009. The markets of Cumberland continue to truck along like the rest of the region. Activity has slowed down a bit with the expiration of the housing credit, but many buyers continue to remain in the market.

Thanks for reading about the Cumberland housing markets. My name is John Herrigel and I am a local Maine real estate broker with Green Tree Realty. Feel free to contact me directly at 207-650-5383 or via email at john@greentreemaine.com

This weekend I received a call from a potential buyer who saw my build package listing in Cumberland's Westbranch subdivision.

The person who called was wondering if they could build on the lot and bring their horses with them.  That would not work due to neighborhood covenants, but the inquiry alerted me to the fact that this subdivision is smack in the middle of four popular horse boarding facilities (all within 3 or 4 miles) AND within a mile of the Cumberland County Fairgrounds.

I hadn't realized this, but the neighborhood is INCREDIBLY convenient for Maine-based horse lovers.  Plus you can build this house for only $351,000:

Check out the Google Map:

In Cumberland Maine in the month of June 7 homes sold a median price of 238K after sitting on the market for 92 days. This compares with 12 homes selling in June 2008 at a median price of 340K after sitting on the market for 25 days. Current inventory rest at 87 homes for sale in Cumberland Maine. An average to below average month overall for Cumberland compared to its local neighbors.

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

The Cumberland Maine residential real estate markets posted strong May sales with 7 transactions taking place at a median sold price of 279K. This contrasts with 11 homes sold at a median price of 318K in May 2009. Inventories have risen over the past few months with the current residential offerings clocking in at 87 units for sale compared with mid 60’s a few months prior.

For more information on this Southern Maine real estate community please visit www.mymaineproperty.com, contact me directly at 207-650-5383 or via email at john@greentreemaine.com

For the month ending January 2009 the Cumberland Maine real estate markets saw 3 single family transactions occur at a combined average price of 198K after sitting on the market for 193 days. In January 2008 transaction volume was similiar with 4 transactions occurring at a much higher average price of 634K. This wide spread in home pricing can be attributed to the small sample size of sold homes.

Thanks for reading about Cumberland Maine real estate, a wonderful coastal Maine community to call home. For more information please visit my website www.mymaineproperty.com