Coastal Phippsburg Housing Report Fall 2009

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.
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