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 real estate market please visit www.mymaineproperty.com or contact me directly at 207-650-5383 or via email at john@greentreemaine.com
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