Yarmouth, ME

In Yarmouth Maine 3 homes were sold in the month of October. This represents a 73% drop in transaction volume year over year, although it is difficult to draw meaning from such a small sample size. The average price of Yarmouth Maine homes increased year over year to 420K. This also reflected a 58% price increase month over month. Average days on the market for properties in Yarmouth have decreased.

This housing update for Yarmouth homes has been brought to you by the Herrigel Group - specializing in coastal Maine real estate. To learn more about what is going on in the Yarmouth Maine community or see the latest Yarmouth housing statistics, reach out to John Herrigel: call 207.650.5383 or email John at johnherrigel@gmail.com

In the residential real estate market of Yarmouth Maine, the 3^rd quarter of 2011 has seen a 60% increase in transactions compared to a year earlier. 40 homes sold during this quarter. The median price remained about the same as last year at this time – with a 268K average. This is consistent with the area as a whole – southern Maine saw no change in median price from the 3^rd quarter of 2010 to the 3^rd quarter of 2011.

To learn more about the town of Yarmouth Maine, check out the Yarmouth Historical Society. If you are interested in more information on real estate listings in Yarmouth Maine, check out the Herrigel Group – specializing in Southern Maine real estate, or contact John Herrigel directly at 207-650-5383 or by email: johnherrigel@gmail.com

The Yarmouth Maine real estate market posted solid results for the 1st quarter 2011 ending March 31st 2011 with 18 homes and condos selling compared with just 12 in 2010. Statistically speaking median pricing was also up.. clocking in at 318K compared with 293K a year prior although given the smaller sample size it is this authors opinion that overall prices are pretty stable…neither increasing nor decreasing. Going forward the marketplace feels quite strong and I suspect we shall see excellent results in the coming months as Maine home buyers whom have been waiting in the wings begin to make offers!

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

The following are first quarter numbers for the Yarmouth single family housing market. The number of current homes on the market are down by 11.8% to 149 homes. The number of sales are up by 13% to 13 sales. The median sales price has risen by 13% to $334,166. The absorption rate has fallen by 24% to 55 months of available inventory. Analysis: a bright spot in Southern Maine real estate values.

In the real estate markets of Yarmouth Maine in the month of January saw 7 residential homes and condos sold at a median sales price of 235K after sitting on the market for 56 days. This represents a volume decrease of 49% compared with December 2010. The median sales price was significantly down compared with a year prior as well as a month prior, but this is more a result of the smaller sample size and not real price depreciation. Overall the market remains stable and inventories are low as our winter continues to chug along.

This report was compiled by John Herrigel, a local Maine real estate agent with Green Tree Realty. For more info on the local Yarmouth ME real estate markets please contact me directly at 207-650-5383 or via email at john@greentreemaine.com