South Portland, ME

During the month of January, 13 homes and condominiums sold in the city of South Portland Maine. This was a 43% decrease from the previous month but a 30% increase in sales volume year over year. The average number of days on the market for homes and condos in South Portland that sold in January was 134 – up from last month. The median price point was 170K, which was down slightly from the previous month.

Just minutes from Portland, South Portland is the host of events year round – including South Portland Pet Life’s Adoptable Dogs event on Feb. 25^th. South Portland is an excellent location in the Portland Maine area, with perfect home or condo choices for you and your dog. Visit the Herrigel Group on facebook to learn more about Greater Portland homes for sale or contact John Herrigel directly by phone at 207-650-5383 or by email at johnherrigel@gmail.com

The South Portland ME housing market saw 11 homes sold during the month of November 2011. This was a 62% decrease in sales volume compared to last year at this time. The average price for a South Portland home sold in November was 210K, which was a 17% increase compared to October 2011. The average number of days on the market for homes that sold in South Portland was 74.

The holiday season is upon us! The Maine Mall in South Portland is the shopping destination for many in southern Maine and points north. If you’re looking for an opportunity to get pictures of the kids with Santa, the Maine Mall is the place from now until Christmas Eve.

This southern Maine housing update is brought to you by the Herrigel group. To learn more about Willard Beach homes for sale and all of South Portland Maine listings, visit us online at myMaineProperty.com. The Herrigel Group specializes in greater Portland area homes and investment properties. Contact John Herrigel directly by phone at 207-650-5383 or email at johnherrigel@gmail.com

For the month ending May 31st 2011 South Portland saw 27 homes sell at a median price point of 216K compared with 43 at a price point of 199K in May 2010. Like its larger neighbor of Portland… this housing market continues to see stabilization and perhaps a bit of price appreciation.

To get more information on South Portland real estate please visit www.mymaineproperty.com, contact me directly at 207-650-5383 or via email at john@greentreemaine.com

For the 1st quarter ending March 31st 2011 the South Portland housing market saw 43 condos and homes sell at a median price point of 202K. A year prior a total of 56 homes and condos sold at a median price of 192K . These figures follow the trend seen for most of greater Portland in this first quarter of 2011.. lower volume and relatively stable pricing. Thus far in April buyer activity has been quite strong thus watch for strong results going forward.

To get more information on South Portland homes and condos for sale please visit www.mymaineproperty.com, contact me directly at 207-650-5383 or via email at johnherrigel@gmail.com

The following are first quarter numbers for the South Portland single family housing market. The number of current homes on the market are down by 27% to 218 homes.  The number of sales are down by 17% to 37 sales.  The median sales price has risen by 2.9% to $199,400.  The absorption rate has fallen by 6.8% to 33 months of available inventory. Analysis:  sluggish winter market indicating a slow start to the year, values holding despite decreased sales volume.