Real estate blog entries tagged with portland maine real estate by John Herrigel, Portland, ME - Real Estate (The Herrigel-Kennedy Group

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portland maine real estate: 3rd Quarter Housing Update for Portland ME Houses - 10/28/11 03:55 AM

The residential real estate market for Portland ME houses saw 115 transactions during the 3rd quarter of 2011, compared to the 95 sales for the 3rd quarter of 2010. This represents a sales increase of 21% - about the same as the greater Portland area as a whole with a 20% gain in transaction volume. The median sales price was up 3% compared with last year at this time, with a median price of 222K. With list to sales ratio coming in around 97% and stable pricing, a condo will sell in Portland priced at fair market value.
Interested in some … (0 comments)

portland maine real estate: Portland Maine 2010 Real Estate Review - 01/19/11 06:34 AM

Looking over the past year real estate in Portland Maine is holding steady. The number of total homes and condos that sold increased from 2009 to a total of 610 this past year. The houses also were selling slightly quicker when compared to last year. This past year saw a median days on market of 58. The median price point for 2010 was 209K, the same price as it was for 2010. While we did not see a rise in the Portland housing market this year in terms of price it is positive that we did not see a decrease. With … (0 comments)

portland maine real estate: East End aka "Munjoy Hill" Portland Maine Real Estate Update - 10/22/10 02:06 AM

Despite slackening demand and reduced transaction volume for Portland Maine taken as a whole...the East End real estate market continues to remain one of the bright spots. With its numerous restaurants and fantastic views offered from the Eastern Promendade buyers of all demographics continue to snatch up property on "Munjoy Hill"
Recently a single family fixer upper was offered under 200K and it got snapped up within a week, whilst rehabbed condos in the mid 200's will often sell within a month or so no problem relative to the median Portland days on market for a condo hovering closer to 100 … (0 comments)

portland maine real estate: Portland ME Real Estate Report 2010 - 05/10/10 11:27 AM

For the month ending April 2010 the Portland Maine real estate housing market saw 56 single family and condo residential transactions occur at a combined median price of 233K with each home sitting on the market for a median of 53 days. This represents a transaction volume increase of 30% year over year and a pricing increase of 6%. Portland continues to be the anchor to a very strong regional market.
To get more information on Cumberland county homes for sale please visit www.mymaineproperty.com, contact me directly at 207-650-5383 or via email at john@greentreemaine.com
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portland maine real estate: Portland ME Report 2009 - 02/16/10 05:28 AM

For the month ending January 2010 the Portland Maine real estate housing market saw 35 single family and condo residential transactions occur at a combined median price of 211K with each home sitting on the market for a median of 59 days. This represents a volume increase of 75% year over year and a decrease of 19% month over month. The median price increased year over year by 6% further reinforcing the housing recovery in the region.
To get more information on Southern Maine homes for sale please visit www.mymaineproperty.com, contact me directly at 207-650-5383 or via email at john@greentreemaine.com
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portland maine real estate: Portland Maine October 2009 Housing Report - 11/03/09 10:30 PM

For the month ending October 31st, 2009, Happy Halloween :), the city of Portland saw 49 residential real estate transactions take place at a median price point of 200K, down 9% in pricing from October 2008, but representing a volume increase of 25%, perhaps due largely to the Maine first time homebuyer purchasing prior to the possible expiration of the federal housing tax credit. The current inventory of homes as of today was 432, down marginally from last mont.
For more info on Portland Maine property for sale, please visit www.mymaineproperty.com.
Thanks for reading,
John HerrigelMaine Buyers Agent
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portland maine real estate: Greater Portland Maine Market Report - 3rd Qtr 2009 - 10/15/09 12:45 AM

Here is a brief snapshot/overview of how the greater Portland residential real estate markets faired in the 3rd Qtr 2009 including the South Portland, Falmouth, Westbrook and Cape Elizabeth housing markets.

In Portland, 189 residential transactions took place, just two more than in 2008 for the same 3 month period. The median price point was 203K, off 9% from 222K in 2008. The median Days on Market was 47, similar to 43 a year prior.
To the south of Portland the community of South Portland saw 87 residential transactions take place at a median price point of 186K contrasted with … (0 comments)

portland maine real estate: Real Estate in Portland Maine Seasonal Recap - 09/30/09 05:31 AM

The residential real estate market in Portland Maine posted solid results for the 3 months ending August 2009.
A total of 186 properties which includes condos and single family homes in Portland sold compared to 230 a year prior and thus representing a volume drop of about 20%. Median home prices, although stabalizing month over month, were down about 8% compared with the year prior and clocked in at 203K compared with 222K. The meidan days on market for a home was 46 days.
Thanks for reading,
John Herrigel
Maine Buyers Broker
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portland maine real estate: April 2009 Portland Maine housing Statistiscs - 05/11/09 01:10 AM

The Portland Maine real estate residential home markets had a very strong April with 43 transactions taking place at a median sold price of 220K and a median days on market of 41. This contrasts with 45 homes sold at a median price of 228K after sitting on the market for 37 days in April 2008. Inventories rose from 393 to 410 compared with the month prior.

For more information on this Southern Maine housing community please visit www.mymaineproperty.com, contact me directly at 207-650-5383 or via email at john@greentreemaine.com
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portland maine real estate: Portland Maine March 2009 Housing Report - 04/06/09 09:35 AM

For the month ending March 31st, the Portland Maine Real Estate housing market saw 37 residential transactions transpire at a median price of 192K. This contrasts with 50 transactions at a median price of 213K in 2008. Thus prices have fallen about 10% from a year prior and volume is off about 26%.

For more information on this Southern Maine real estate community please contact John Herrigel at 207-650-5383 or visit his site at www.mymaineproperty.com
Disclaimer: “Based on information from the Maine Real Estate Information System, Inc. for the period (3/1/2009) through (3/31/2009). Provided by an individual user of MREIS. … (1 comments)

portland maine real estate: Portland Maine multi unit market snapshot - 02/19/09 07:59 AM

The real estate market in Portland Maine for multi units has definitely seen better times. Here is a snapshot of the current inventory, asking prices and days on market compared to historical figures for these 3 metrics.
As of mid February there are 64 units on the market at an average asking price of 328K that have been on the market for 232 days on average.
Year # Sold Avg. Price DOM 2008 78 272K 97 2007 102 301K 82 2006 114 342K 69 2005 156 352K 55
Thanks for reading,
John Maine Buyers … (3 comments)

portland maine real estate: January 2009 Housing Sales Report for Cumberland County Maine - 02/14/09 10:13 PM

Cumberland County Maine real estate markets saw 101 transactions take place with an average sold price of 265K and an average days on market of 95 in January 2009. This contrasts with 172 homes sold at an average price of 276K after sitting on the market for 111 days on average in Janauary 2008.183 homes were sold in December 2008 illustrating how slow the month of January was. The inventory level sits at 2408 home on the market compared with 2456 a month prior. The Portland Maine real estate market is situated within Cumberland County.
For more information on this southern … (0 comments)

portland maine real estate: Portland Maine January 2009 Housing Results - 02/02/09 06:24 AM

For the month ending January 2009, the real estate markets in Portland Maine saw 20 transactions transpire at an average price of 214K after sitting on the market for 70 days. January 2008 saw 42 residential real estate transactions transpire at an average price of 222K after sitting on the market for an average time frame of 144. (Note: the high DOM can partially be attributed to a couple properties that sat on the market for close to 500 days though)
Thus year over year prices are down about 4% and transaction volume declined by a whopping 52%! The current inventory … (0 comments)

portland maine real estate: Cumberland County 2008 Real Estate Year in Review - 01/16/09 05:06 AM

Cumberland County, home of Portland Maine saw 3060 residential transactions occur in 2008 vs 3703 in 2007, a drop of 17% in volume. The average sold price was down 9% to 275K from 302K in 2007. Historically the the pricing is right where Cumberland was in 2004, but the transaction volume is the lowest the decade has ever seen. Real estate in the coastal regions has been hit the hardest as Portland proper has remained more resilient than most areas to the economic downturn.
For additonal housing data and additional graphs, please visit my website www.mymaineproperty.com or for specific Portland Maine … (0 comments)

portland maine real estate: South Portland December 2008 real estate report - 01/09/09 05:40 AM

For the month ending December 2008 the South Portland Maine real estate markets saw 15 single family and condo transactions occur at a combined average price of 211K after sitting on the market for 143 days. In December 2007 transaction volume was actually lower with1 transactions occurring at an average price of 214K illustrating relatively flat pricing appreciation or depreciation year over year.
Thanks for reading about South Portland Maine real estate, a wonderful greater Portland Maine community to call home. For more information please visit my website www.mymaineproperty.com
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portland maine real estate: Cape Elizabeth Maine Housing and Condo stats for December 2008 - 01/09/09 05:34 AM

Cape Elizabeth Maine real estate remains quiet with 5 transactions occurring in December 08 at an average sold price of 538K. Comparing this to 10 transactions at an average price of 497K in December 2007 one actually sees a year over year price increase of 8% although this number s probably skewed by a high value home selling coupled with a small sample size. With a current inventory of 72 properties the Cape Elizabeth residential real estate market remains slow and will most likely continue this way for the foreseeable future.

To get more information on this greater Portland Maine … (0 comments)

portland maine real estate: Portland Maine - Deering - 11/20/08 12:12 AM

The real estate in Portland Maine's Deering neighborhood is some of the finest in the area. A suburb of Portland yet still within the Portland city limits, the sense of community is strong, the neighborhoods are quiet and thus the quality of life is strong. Currently there are 70 properties on the market, about 2/3rds homes and a 1/3 condos. The average asking price is 300K for a single family and 197K for a condo. For the year to date the average sold combined price of homes and condos combined has been 244K contrasted with 256K for 2007.
For more information … (0 comments)

portland maine real estate: Portland Maine Market Snap Shop on Single Family Homes. - 10/15/08 01:39 AM

The number of Portland Maine Homes currently on the market including SF and condos is approximately 500. Similar to southern Maine real estate trends, the demand continues to slacken and prices continue to trend downward in Maine’s largest metropolitan cregion.
Avg Avg # of Properties List Price Sold Price List/SaleCurrent Listed 505 354,000 n/a n/a Sold 2008 503 262,000 253,000 97%Sold 2007 … (1 comments)

portland maine real estate: Southern Maine Communities - 09/11/08 11:24 PM

With so many nooks and crannies and thus a large amount of Southern Maine real estate to choose from. Waterfront retreats, suburban living, summer communities on the coast, rural farms to the West here is a look at pricing for homes in some southern coastal Maine communities specifically around the greater Portland region.
Current Inventoy Total Sold 2007 Avg. Sold Price
Portland 489 778 269KSouth Portland 142 344 245KFalmouth 174 179 484KCumberland 97 100 … (0 comments)

portland maine real estate: Scenes from Portland Harbor - 09/02/08 12:41 AM

What a beautiful labor day weekend up here in Maine. Despite the silence heard rom my real estate phone... why do we live in a state that at best gives one 3 warm months and 9 COLD ones!! If you are a fan of the ocean and the recreation it allows then you have your answer! Boating into Portland harbor yesterday under crisp, blue skies and gusting winds...the smell of the salt air.. the working lobster boats intermingling with the pleasure craft...historical Fort Gorges to the left, oil tankers to the right. Life in Maine... the way it should be. With … (0 comments)

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