2009: Maine Home Sales Rise 14% in February, Prices Stable - 03/24/10 02:42 PM
The real estate market in Maine continued its slow recovery last month with 494 units sold, compared with 433 sold in February 2009, an increase of 14%.  The median price for homes sold in February was $158,000, in line with numbers reported in February 2009.  This compares with 555 units sold in February 2008 and 698 in February 2007.  The median sold price in February 2007 was $193,950, 18.5% higher than February 2010.  These figures are courtesy of the Maine Real Estate Information System, Inc.
According to The National Association of Realtors, existing home sales nationwide rose 4.3 percent in February … (0 comments)

2009: The Numbers - Maine Single Family Existing Home Sales in 2009 - 01/25/10 11:06 PM
So how did we do?  Not bad, the number of sales was up 10,486 vs. 9502 in 2008, a 10 percent increase.   The median price of these homes fell to 164,000 vs. 180,000 in 2008, a drop of nearly 9 percent.  In Cumberland County, the increase in units was just over 9 percent and the median price dropped about 6 percent to 220,000.
Nationally the increase in units was 5 percent and median price drop was nearly 12 percent to $173,200.  We're selling more homes, and the prices are continuing to fall.  The first time home buyer is king and enjoying … (0 comments)

 
Rick Beal (Coldwell Banker Residential Brokerage)

Rick Beal

Portland, ME

More about me…

Coldwell Banker Residential Brokerage

Address: 53 Baxter Boulevard, Portland, ME, 04101

Office Phone: (207) 253-3180

Cell Phone: (207) 518-8637

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