John Herrigel - Southern Maine Real Estate | Maine Coastal Real Estate

Yarmouth Maine residential real estate saw 7 transactions take place in October 2009 compared with 5 a year prior in October 2008. Median pricing clocked in at 275K compared with 239K in October 2008. Thus the median year over year pricing was up 13% and month over month was up 12%. This market is on the cusp of the slower mid coastal region and the more stable/active greater Portland region. Currently the residential market appears healthy.

For more information on southern Maine 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

In Falmouth Maine for the month of Octoberr 2009, 20 residential properties sold at a median price of 280K after sitting on the market for 62 days. This compares with 16 homes selling in October 2008 at a median price of 439K after sitting on the market for 81 days. The current inventory rest at 140 homes for sale in Falmouth Maine. Despite the lower median price this month, the markets for the most part are solid and hanging tough as we enter the winter season here in Maine.

For more information on Southern Maine 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

For the month ending October 2009 the Cape Elizabeth Maine real estate markets saw 13 transactions transpire at a median sales price of 426. Contrasting sharply in volume compared with October 2008 when only 4 properties traded hands. The median sales price was flat compared to a year ago and and month over month was up 42% as larger more expensive properties sold.

For more information on homes for sale in southern Maine please visit www.mymaineproperty.com or feel free to contact me directly at 207-650-5383 or via email at john@greentreemaine.com

The real estate markets of South Portland saw 29 transactions take place in October 2009 compared with 25 a year prior. Median pricing clocked in at 196K compared with 173K in October 2008. Pricing year over year was actually up 13% compared with its larger neighbor Portland whom saw a 9% decrease in median prices for the same period. The residential markets continue to see healthy activity given the overall economic conditions. Inventory currently hovers around 150 residential units.

For more information on southern Maine property please visit www.mymaineproperty.com or feel free to contact me directly at 207-650-5383 or via email at john@greentreemaine.com

For the month ending October 31st, 2009, Happy Halloween :), the city of Portland saw 49 residential real estate transactions take place at a median price point of 200K, down 9% in pricing from October 2008, but representing a volume increase of 25%, perhaps due largely to the Maine first time homebuyer purchasing prior to the possible expiration of the federal housing tax credit. The current inventory of homes as of today was 432, down marginally from last mont.

For more info on Portland Maine property for sale, please visit www.mymaineproperty.com.

Thanks for reading,

John Herrigel
Maine Buyers Agent