In the first quarter of 2011 in Falmouth Maine a total of 25 residential properties sold at a median sales price of 318K compared with 29 selling at a 386K in 2010 in the first quarter. This represents a 14% volume decrease and an 18% pricing decrease however given the smaller sample size these statistics may be a bit skewed as the overall region saw a similar volume drop, but prices for the most part are stable throughout the area. Going forward the entire region seems to have sprung to life with spring thus watch for increased buyer activity in the 2nd quarter of 2011.
For more information on real estate in greater Portland Maine please feel free to contact me directly at 207-650-5383 or via email at johnherrigel@gmail.com . Many of these statistics were compiled with the help of MREIS and the Maine Association of Realtors.
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