Falmouth, ME

The Falmouth Maine housing market saw a 24% increase in volume of transactions for the 3^rd Quarter of 2011. A total of 51 sales were made during this quarter, giving Falmouth an above average quarterly increase in sales for the region – coastal and southern Maine saw an average 20% increase in sales. Prices for Falmouth properties rose 21% year over year to 442K. Through southern Maine pricing was stable. The ratio of list to sales in the area has been around 97%, so if priced properly a home in Falmouth will sell at fair market value.

Visit the Falmouth Library to learn more about events in community. If you are interested in more info on homes for sale in Falmouth Maine check out the Herrigel Group at mymaineproperty.com – specializing in southern ME homes for sale. Or, for direct contact about Falmouth Maine homes for sale, contact John Herrigel by email at johnherrigel@gmail.com or by phone: 207-650-5383

FALMOUTH MAINE EARNS HIGH RANKING AS PLACE TO LIVE AND LEARN

Posted in the Portland Press Herald newspaper today, April 27, 2011, was a story about Falmouth, Maine by Forbes Magazine:

Town earns high ranking as place to "live and learn" - Falmouth is among the "Top Cities to Live and Learn" in the United States, according to the second-annual national ranking released Tuesday by Forbes Magazine and GreatSchools.

Falmouth was the only community with a perfect score of 100 for educational quality and was No. 1 in the overall rankings among communities where the median home value is $200,000 to $399,000. Falmouth's median home value is $351,550, according to the ranking. The Portland suburb has a population of 10,669.

"Falmouth's got serious education chops, consistently outperforming state and national averages in achievement and earning the only perfect score on the educational quality index," according to GreatSchools.

The ranking cited Falmouth schools' focus on early intervention; teacher quality, professional development and collaboration; high expectations for all; use of data to guide instruction; full school and community involvement in creating regular improvement plans; and a K-12 commitment to service learning.

"Falmouth Schools are proud to be recognized for their commitment to educational excellence and citizenship efforts on behalf of all of their students," Superintendent Barbara Powers said in news release.

In the first quarter of 2011 in Falmouth Maine a total of 25 residential properties sold at a median sales price of 318K compared with 29 selling at a 386K in 2010 in the first quarter. This represents a 14% volume decrease and an 18% pricing decrease however given the smaller sample size these statistics may be a bit skewed as the overall region saw a similar volume drop, but prices for the most part are stable throughout the area. Going forward the entire region seems to have sprung to life with spring thus watch for increased buyer activity in the 2nd quarter of 2011.

For more information on real estate in greater Portland Maine please feel free to contact me directly at 207-650-5383 or via email at johnherrigel@gmail.com . Many of these statistics were compiled with the help of MREIS and the Maine Association of Realtors.

The following are first quarter numbers for the Falmouth single family housing market. The number of current homes on the market are down by 3.66% to 315 homes. The number of sales are down by 18.5% to 22 sales. The median sales price has fallen by 10.79% to $344,650. The absorption rate has risen by 16.59% to 69 months of available inventory. Analysis: sluggish winter market indicating a slow start to the year, values falling with decrease in sales volume.

For the month ending January 2011 the Falmouth residential real estate markets saw 8 transactions occur at a median price of 306K down slightly from January 2010 figures and down 40% in volume compared with December 2010. Despite these price drops.. the markets remain stable and real estate in Falmouth Foreside continues to see healthy activity. Inventories remain low, but watch for increased sales as we enter the Spring season.

Thanks for reading about home sales in Falmouth Maine. For more information please visit my website www.mymaineproperty.com or contact me directly at 207-650-5383 or john@greentreemaine.com