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

The South Portland ME residential real estate markets saw 38 transactions take place in Sept 2009 compared with 28 a year prior. Median pricing clocked in at 175K compared with 193K in Sept 2008. This represents a volume increase of 36% and a pricing decrease of 9% year over year. The residential markets continue to see healthy activity given the overall economic conditions. Inventory has remained stable over the past few months, hovering at just over 150 homes on the market.

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

In Cape Elizabeth Maine in the month of September 11 homes sold a median price of 299K after sitting on the market for 49 days. This compares with 7 homes selling in September 2008 at a median price of 291K after sitting on the market for 131 days. Current inventory rest at 92 homes for sale in Cape Elizabeth Maine. Overall the markets are hanging tough in this greater Portland desireable suburb. Visit their town website here

For more information on real estate 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 residential real estate market in Portland Maine posted solid results for the 3 months ending August 2009.

A total of 186 properties which includes condos and single family homes in Portland sold compared to 230 a year prior and thus representing a volume drop of about 20%. Median home prices, although stabalizing month over month, were down about 8% compared with the year prior and clocked in at 203K compared with 222K. The meidan days on market for a home was 46 days.

Thanks for reading,

John Herrigel

Maine Buyers Broker

Flat prices and increased volume were seen once again in the mid coastal and southern Maine regions. The Maine real estate markets continue to chug along as transaction volume was once again up in August 2009 in 3 out of the 4 counties followed, York, Cumberland and Sagadahoc where it was up a whopping 43% whilst York and Cumberland had 3-4% gaines.

Median prices continue to remain down about 10% relative to a year prior, but month over month pricing is not decreasing and has not done so since the begining of the year.

Going forward I expect to continue to see increased volume as 1st time home buyers work to take advantage of the expiring tax credit.

View the whole Maine real estate report here.

Thanks for reading,

John Herrigel
Maine Buyers Agent

For the month of July, the southern Maine real estate markets posted average results after the steller June numbers we saw. The southern most counties of York and Cumberland saw similiar transaction volume compared to a year prior and price drops of 5% and 9% respectively. In the mid coastal markets of Sagadahoc and Lincoln, pricing drops were larger but pricing volume was up significantly in 10% and 23% respectively compared to a year prior. A net inventory drop for all 4 counties was seen as well. Click here to read the complete Maine real estate housing report please click here.

Thanks for reading,

John Herigel

Maine buyers agent