For the month ending May 2009 the Woolwich Maine real estate markets saw no transactions transpire. In 2008, only one home sold in the same month. The mid coastal Maine housing markets continue to remain sluggish and extremely slow compared with the more southern regions surround the greater Portland housing markets.
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
Biddeford Maine residential real estate saw 9 transactions take place in May 2009 compared with 12 a year prior. Median pricing clocked in at 189K compared with 181K in May 2008. The residential markets continue to see healthy activity given the overall economic conditions. Inventory is a bit high though with currently 164 homes on the market.
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
In Westbrook Maine in the month of May 14 homes sold a median price of 175K after sitting on the market for 67 days. This compares with 22 homes selling in May 2008 at a median price of 208K after sitting on the market for 70 days. Current inventory rest at 99 homes for sale in Westbrook Maine. Overall the markets are hanging tough helped significantly by the Maine fist time homebuyer.
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 May 31st, 2009, the Southern Maine real estate markets fared well. Average prices for the 4 counties followed, York, Cumberland, Sagadahoc and Lincoln are off about 20% from where they were a year prior. However taking a look at the month over month statistics, pricing has pretty much leveled off in the southern Maine housing markets over the past few months. The hottest market from a regional point of view is the greater Portland markets, primarily South Portland and Portland proper. The mid coastal housing region remains sluggish for the most part as the 2nd home market has yet to see a rebound. The Maine multi unit market also remains slow as foreclosures and short sales continue to jam up the process. The recent higher interest rates do not paint an ideal picture for sure but off their highs of a couple weeks ago, and with consumer confidence rising, stay optimistic for a moderately healthy summer season in Maine.
The Mid Coastal Real Estate county of Sagadahoc posted solid results in May given the economic conditions with 21 homes selling at an average sales price of 192K. This contrasts with 23 homes at an average price of 223K in May 2008 representing 9% and 16% drops respectively. Relative to April 2009, sales and average pricing were relatively flat. Inventories also have remained flay over the past month clocking in at 415 homes for sale in Sagadahoc County.
For more information on homes for sale in Sagadahoc County please visit www.mymaineproperty.com, contact me directly at 207-650-5383 or via email at john@greentreemaine.com
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Greater Portland and lower Mid Coast Buyers Agent for investors, first timers and retiring/relocating to Maine
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