The Cape Elizabeth residential real estate markets located just to the south of Portland and considered one of the most desireable locations to call home in Maine saw 39 transactions transpire at a median price point of 277K for the 3 month period ending September 2009. This compare with 30 at 303K in 2008, representing a 30% increase in volume, but a 9% decrease in prices. Higher priced homes in Southern Maine continue to suffer from the economic slowdown whist lower priced more affordable real estate is selling with the help of the first time hombuyer tax credit.
Thanks for reading,
John Herrigel
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