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

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

The southern Me real estate markets posted their best results I have seen in well over a year for the month ending June 2009. Cumberland county transaction volume was off just 3% from a year prior and in York county a 37% increase was seen. Pricing was off 3% and 12% respectively. In the coastal Maine residential housing markets of Sagadahoc and Lincoln it appears the 2nd home buyer has come back into the markets a bit as average prices were up significantly in both counties, 10% and 26% respectively. Continued low interest rates coupled with stablizing pricing and postive stock maket news are all helping to contribute to this improvement. Its seems things are poised as well for continued strength in the maine residential housing markets.

Thanks for reading and for more information please contact John Herrigel at Green Tree Realty, 207-650-5383 or via email john@greentreemaine.com

The Lincoln county real estate markets posted strong residential transaction figures for the month ending June 30th. 33 homes sold at an average price of 314K compared with 20 at an average price of 250K in June 2008. This represents 65% and 26% increases respectively. Month over month this was the first price increase of the year and if I had statistics for all of last year, it may be the first price increase in well over a year.
These are strong signs that the southern and coastal Maine real estate markets are significantly improving helped by the low interest rates and a return of strength to the stock market.

Thanks for reading.

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

For the month ending June 2009 the county of Sagadahoc saw 28 transactions transpire. In 2008 36 homes sold in Sagadahoc for the same time period. The average price was 266K compared with 241K representing a 10% increase, the largest in quite some time indicating perhaps that the 2nd home buyer market segment is begining to reenter the market. The ME coastal real estate markets continue to remain slower than normal but with southern Maine having its best month in the past year, signs are poining towards improvement everywhere.

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