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

Lincoln Maine Housing Report February 2010

admin — Tue, 30 Mar 2010 12:33:00 +0000

Lincoln county ME housing saw 13 transactions take place in February compared with 10 in 2009. Median pricing in February was 147K compared with 169K in 2009. Given the small sample size it is tough to discern true trends, but it seems the mid coastal real estate markets continue to improve but remain behind southern Maine in the speed of this improvement. The current inventory is 676 compared with 658 a month earlier.
For more information on coastal real estate in Maine please visit www.mymaineproperty.com or feel free to contact me directly at 207-650-5383 or via email at john@greentreemaine.com

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.

Yarmouth ME October 2009 Housing Report

admin — Tue, 10 Nov 2009 16:48:10 +0000

The mid coastal real estate community of Yarmouth Maine posted solid results for the month ending October 2009. 7 transactions take place compared with 5 in 2008, representing a 40% increase although the sample size is very small. Median pricing for October 2009 was 275K compared with 239K in October 2008. The median days on market clocked in at 66 days, 25% lower than in 2008 but a bit higher than the past 3 months for the community. The inventory of residential properties has remained stable with about 70 units on the market. Overall the Yarmouth Maine housing markets are moving along in a stable pattern

Thanks for reading,

John Herrigel
Maine Buyers Agent

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.