Mid Coastal Maine Real Estate | Waterfront Homes Maine » coastal maine housing report

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.

Coastal Phippsburg Housing Report Fall 2009

admin — Wed, 02 Dec 2009 22:40:24 +0000

The coastal real estate markets located on the peninsulas of Phippsburg and Georgetown continue to remain sluggish although sales are significantly up from a year prior. For the months of Oct/Nov, a total of 7 homes sold at a median price of around 300K. This compares with only 3 homes selling for the same period in 2008. As our economy continues to come back, the 2nd home market has yet to see much of resurgence given the fragile state of affairs. Phippsburg Maine is home to Popham Beach State Park and many wonderful hiking trails and beaches. With a year round population of 2000 locals mix with many retired baby boomers looking for peace of mind and solitude. Still only 1 hour to Portland and 15 minutes to Bath, Phippsburg Maine real estate is well worth a look if interested in residential property in the mid coastal region.
Thanks for reading!

Summer Real Estate Recap for Bath Maine

admin — Thu, 01 Oct 2009 20:03:25 +0000

For the 3 months ending August 2009, the Bath Maine residential real estate market saw 25 transactions transpire compared with 18 a year prior, representing a 39% increase in sales volume! The median price however did fall 4% from 145K to 139K. The median days on market dropped significantly from 114 to 62 for the 3 month period. Bath Maine is a great coastal community about 35-45 minutes from Portland and offers much more affodable home prices as the median Portland Maine home sales price for the same period was 203K.
Thanks for reading,
John

Spring Coastal ME real estate Report

admin — Thu, 02 Jul 2009 19:00:50 +0000

The Coastal Maine real estate markets weathered the spring season with less than ideal numbers. The cities of Bath and Brunswick fared better than their coastal penisula counterparts as Phippsburg and Georgetown have had no homes sales in the past 3 months whilst Harpswell has seen a total of 15 for the same time period. The 2nd home market continues to suffer as the stock market limps along and buyers for this market segment are less than apt to purchase waterfront and coastal property.

Going forward look for a slow summer season. Bath and Brunswick will perhaps fare better catering to the first time home buyer population.

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.

Coastal Maine Housing Report November 2008

admin — Fri, 05 Dec 2008 15:09:29 +0000

The markets for November in Maine’s mid coastal regions remain slow and quiet. The lower mid coastal towns of Phippsburg, Arrowsic, Georgetown and Harpswell saw 7 transactions took place at an average transaction price of 375K in November. In 2007 12 transactions took place for the same time period with an average price of 575K. The average DOM (Days on Market) for November was over 200compared with 109in 2007.