http://www.midcoastalmainerealestate.com Real Estate Analysis and Information on Homes for sale in Mid Coastal Maine Tue, 24 Jan 2012 16:29:48 +0000 en hourly 1 http://wordpress.org/?v=3.1 http://www.midcoastalmainerealestate.com/maine-waterfront-real-estate/maine-waterfront-yearly-analysis/ http://www.midcoastalmainerealestate.com/maine-waterfront-real-estate/maine-waterfront-yearly-analysis/#comments Wed, 28 Jan 2009 21:48:37 +0000 admin http://www.midcoastalmainerealestate.com/?p=76 As the economy and housing markets have taken a nose dive, how has the Maine waterfront real estate market fared….not well.  Taking a larger hit than the markets as a whole, in 2008, for the greater Portland  Maine housing market and lower mid coastal regions of the state  103 waterfront properties sold at an average price of just over 500K. This contrasts with an average sold price of 636K in 2007, a 15% drop in value. For the state of Maine as a whole prices dropped 7% on average in 2008. Transaction volume fell 30% for waterfront property compared to 20% for residential real estate in general.

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