Mid Coastal Maine Real Estate | Waterfront Homes Maine » brunswick maine real estate

ME Coastal Housing Report – January 2010

admin — Mon, 22 Feb 2010 13:56:09 +0000

The residential real estate markets in coastal Maine were largely quiet like the rest of the state in January. As I type this post however the markets have significantly heated up and it seems the stage has been set for very strong results this spring thanks largely to the tax credit and continued low interest rates.

The mid coastal housing markets are anchored by the cities of Bath and Brunswick that saw a total of 14 homes sell in January 2010 compared with just 4 in January 2009. Volume was way up and pricing for these sold homes clocked in at a median sold price of 175K in Brunswick and 120K in Bath compared with 222K and 138K a year prior although the very small sample sizes in 2009 undoubtedly skewed these numbers. Median pricing in Brunswick and Bath for the entire 2009 year taken as a whole was 206K and 128K.

Prices do appear to have stabilized and watch for improving statistics as we move forward.

2009 Coastal Housing Year in Review

admin — Wed, 13 Jan 2010 14:26:08 +0000

As winter in Maine finally sets in and the phone has been a bit quiet with the “holiday hangover” effect I had a bit of time to compile some 2009 end of the year housing statistics for the lower mid coastal real estate markets that I follow. For the region as a whole including the towns of Brunswick, Bath, Freeport and the peninsulas of Harpswell, Georgetown and Phippsburg a total of 454 residential transactions took place at a median price point of 228K compared with 447 at 250K in 2008.

Thus volume was relatively stable and prices were down about 9% year over year, not bad overall! The median days on market for these sold homes and condo’s remained relatively unchanged as wel, but did fluctuate greatly from town to town with Bath seeing almost a 50% reduction whilst Phippsburg/Georgetown seeing 20% increase.

The housing market of Brunswick Maine is the largest in the region, followed by Bath and Freeport. These 3 communities saw healthier volume compared to the coastal waterfront regions of Harpswell and Phippsburg where the 2nd home market segment continues to remain sluggish .

You can view the complete coastal real estate estate report as well as an analysis of the southern real markets here.

Thanks for reading.

Bath and Brunswick Housing Update

admin — Tue, 22 Dec 2009 18:35:20 +0000

For the month ending November 30th, 2009, the mid coastal Maine real estate markets of Bath and Brunswick continue to truck along. In Bath, prices have remained fairly stable all year long clocking in at a median sold price of 127K this past November compared with a median price of only 99K in November 2008, but one must take into account the small sample size. 10 homes sold in Bath this previous month..double the 5 that sold in Nov 2008.

The Brunswick Maine real estate market saw 19 homes sell this November at a median price of 183K after having sat on the market for about 75 days. In November 2008, only 8 homes sold for the same period!

Volume is thus way up in both these coastal communities and pricing seems to be stablizing for the most part currently.

Bath and Brunswick Market Snapshot – November

admin — Fri, 27 Nov 2009 18:48:30 +0000

The mid coastal Maine real estate markets of Bath and Brunswick offer a great alternative to living in Portland. Brunswick is home to Bowdoin College whilst Bath maintains a great mix of blue and white collar worker with Bath Iron Works anchoring the regional job market. In Bath there are currently 90 single family homes on the market, Brunswick has 121. The median asking price in bath is 183K compared with 249K in Brunswick. Bath continues to remain a much more affordable option with the ability to find a great home in the 150K range but it is half the size of Brunswick from a population perspective and the extra 10 minute drive to Portland as I know all to well from living there for the past 3 years does add up!
For more information on these coastal maine real estate markets, please reach out anytime 207-650-5383 or john@greentreemaine.com.

Thanks for reading and Happy Black Friday!
John Herrigel
Maine Buyers Agent

Brunswick Maine September 2009 Housing Report

admin — Tue, 20 Oct 2009 18:52:02 +0000

In Brunswick Maine in the month of September 19 homes sold a median price of 166K after sitting on the market for 106 days. This compares with 20 homes selling in September 2008 at a median price of 240K after sitting on the market for 81 days. The current inventory rest at 196 homes for sale in Brunswick Maine. Overall the markets have fared well through the summer and early Fall season, despite the naval air station closing.

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

Mid Coastal Maine Early Spring Report

admin — Wed, 20 May 2009 12:20:56 +0000

April 2009 residential housing statistics for the mid coastal cities of Bath and Brunswick Maine seem to point towards improving conditions in the overall coastal Maine real estate community. Days on Market averages are trending down and despite year over year price decreases, the month over month pricing trend is upwards.

In April, 14 homes were sold in Brunswick and 9 in Bath compared with14 and 11 respectively in April 2008 and in March 2009, 8 and 7 respetively, thus overall volume year over year was flat but month over month, thanks in large part to the Maine 1st time homebuyer, transaction volume is increasing.

Brunswick Maine real estate January 2009 home sales report

admin — Thu, 19 Feb 2009 22:07:32 +0000

Brunswick Maine had a very slow January like its neighbor Bath in January. Only 2 transactions took place at an average price of 222k. This is down from a total of 11 homes being sold at an averag price of 225K in January 2008 and also way down from December 2008 when 11 residential properties were sold at an average price of 226K. Thus prices are holding strong but the real estate in coastal Maine is moving extremely slowly