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The following are first quarter numbers for the Gorham single family housing market.
The number of current homes on the market are down by 20% to 249 homes. The number of sales are up by 3.6% to 29 sales. The median sales price has risen by 3.5% to $213,333. The absorption rate has fallen by 20% to 44 months of available inventory.
Analysis: decrease in available inventory has resulted in in slight increase in sales volume, increase in values and decrease in absorption rate.
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This Sunday, January 23rd, I will be attending the open house at 2 McQuillians Hill Drive in Gorham, ME. This home just went on the market this month and is listed by Jason Bisson, a local realtor with the Maine Real Estate Network. I have worked with Jason on several transactions over the past couple years and have found him to be very knowledgable of the local market as well as someone who works extremely hard for his clients.
The home is a custom extended cape on 8 acres bult in 1997. This home has some terriffic features including a gourmet kitchen, extra large rear deck and in-law apartment as well as a master suite.
The open house will run from 10am until 2pm. This is a great opportunity to check out a beautiful home. I will be present to discuss applicable mortgage programs and the mortgage market in general. Stop by and increase your knowledge of current home financing guidelines and the local real estate market.

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Open House in Gorham This Sunday from 1-3 - Maine Real Estate
Take a few minutes and tour this brand new listing in a low turnover sub-division away from Gorham traffic.
This home features 3 Large Bedrooms, a Granite Kitchen and it's on 4 wooded acres.
Just minutes from the new Gorham K-5 School scheduled to open in 2011.
$299,900 - 26 Ichabod Lane, off of Sleepy Hollow Road, off of Huston Road.
For more information on this and any other Maine Real Estate, click on www.MaineHouseValues.com
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March 25, 1 p.m. "The Inspired Garden," author presentation by Judy Paolini, free, Harrison Village Library, 42 Main Street, Harrison. FMI: 207.583.2970, www.harrison.lib.me.us.
March 26, 6-9 p.m. 1st Annual Celebrity Chef Cook-off, 20 chefs will each prepare samples of a signature dish, you judge the best dish and winning judge, $1/vote, music and light refreshments, $25/person, by on-line or at the Chamber office, sponsored by the Sebago Lakes Region Chamber of Commerce, Club 302, 756 Roosevelt Trail, Windham. FMI: 207.892.8265, www.sebagolakeschamber.com.
March 27, 11 a.m. and 2 p.m. American Girl Tea Party, bring your favorite American Girl doll and join the tea party, tasty treats and tea served, fun activities and a chance to win a special gift, $10/members, $12/non-members, pre-registration required, McLaughlin Garden, 97 Main Street, South Paris. FMI: 207.743.8820, www.mclaughlingarden.org.
March 27-28, 9 a.m.-4 p.m. Maine Maple Sunday, samples of maple syrup on homemade ice cream, sugar house tour, live music, cook-off at noon on Sunday: bring a dish made with Maine maple syrup, you may win a prize, Grandpa Joe's Sugar House, 103 Murch Road, North Baldwin. FMI: 207.787.3300, www.getrealmaine.com.
March 27, 11 a.m.-1 p.m. 3rd Annual America's Mattress Race, decorate your beat up mattress and race down the course to be eligible to win a new mattress, $5/mattress, register between 9 and 10:30 a.m., check the Web site for rules, Main Slope, Shawnee Peak Ski Area, 119 Mountain Road, Bridgton. FMI: 207.647.8444, www.shawneepeak.com.
March 27, 5-6 p.m. Church Supper, baked beans and casseroles, $7/adults, $4/12 and under, Casco Village Church, 941 Meadow Road, Casco. FMI: 207.627.4282, www.cascovillagechurch.org.
March 28, 10 a.m.-3 p.m. Chili Cook-off and Firefighters Race, a full day of chili-eating, music and contests, White Cap Lodge, Sunday River Ski Area, 15 South Ridge Road, Newry. FMI: 207.824.3000, www.sundayriver.com.
March 31, 8 p.m. Suzanne Vega, widely regarded as one of the most brilliant songwriters of her generation, $65/concert, dinner available by reservation before the show, Stone Mountain Arts Center, 695 Dugway Road, Brownfield. FMI: 207.935.7292, www.stonemountainartscenter.com.
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