What's Going On? Our Local Market Overview for 2008
County |
Price Range |
Active |
Pending |
Pending/ |
Expired & |
Sold |
Inventory |
Avg List |
Avg Sold |
List/Sale |
Avg |
|
|
Listings |
Listings |
Active |
Withdrawn |
Listings |
Level |
Price |
Price |
% |
DOM |
Androscoggin |
$100-150k |
250 |
37 |
15% |
225 |
264 |
11.1 |
130,028 |
126,286 |
97% |
92 |
Androscoggin |
$151-200k |
222 |
8 |
4% |
256 |
199 |
13.1 |
176,953 |
169,569 |
96% |
114 |
Androscoggin |
$201-250k |
105 |
13 |
12% |
155 |
91 |
13.6 |
229,860 |
224,048 |
97% |
152 |
Androscoggin |
$251-300k |
74 |
7 |
9% |
135 |
43 |
20.2 |
282,228 |
259,661 |
92% |
186 |
Androscoggin |
over $301k |
94 |
2 |
2% |
111 |
32 |
34.5 |
441,139 |
361,327 |
82% |
148 |
|
|
|
|
|
|
|
|
|
|
|
|
Cumberland |
$100-150k |
209 |
42 |
20% |
232 |
278 |
8.8 |
133,617 |
126,725 |
95% |
106 |
Cumberland |
$151-200k |
433 |
68 |
16% |
589 |
712 |
7.1 |
181,091 |
177,272 |
98% |
98 |
Cumberland |
$201-250k |
492 |
54 |
11% |
660 |
701 |
8.2 |
230,437 |
220,925 |
96% |
97 |
Cumberland |
$251-300k |
349 |
20 |
6% |
531 |
401 |
10.2 |
282,149 |
267,077 |
95% |
104 |
Cumberland |
over $301k |
1053 |
79 |
8% |
1485 |
840 |
14.7 |
596,230 |
477,795 |
80% |
108 |
|
|
|
|
|
|
|
|
|
|
|
|
Kennebec |
$100-150k |
280 |
27 |
10% |
316 |
339 |
9.7 |
128,701 |
123,454 |
96% |
107 |
Kennebec |
$151-200k |
234 |
17 |
7% |
293 |
186 |
14.8 |
177,233 |
165,891 |
94% |
143 |
Kennebec |
$201-250k |
178 |
4 |
2% |
176 |
113 |
18.5 |
229,900 |
215,687 |
94% |
168 |
Kennebec |
$251-300k |
101 |
5 |
5% |
125 |
57 |
20.8 |
278,062 |
254,307 |
91% |
141 |
Kennebec |
over $301k |
185 |
2 |
1% |
193 |
61 |
35.6 |
499,775 |
403,035 |
81% |
198 |
*Information taken from the Maine Real Estate Information System for the period of 1/1/08-12/26/08.
Inventory Level = number of months of inventory currently available on the market based on past rate of sale.
List/Sale % = percentage of list price obtained at the sale of the home.
DOM = Days On Market
What Does This Mean To You?
Thinking about making a move? It doesn't need to be a headache. We regularly beat the local board averages. Despite the media hype, this market can be the best time to upgrade homes because of the potential financial leverage. Combine current market conditions with super low interest rates and an abundant selection of homes to choose from and it is a great time to buy for most people.
If you are considering going into a less expensive home and you can wait for prices to rise again, it may be beneficial to stay put for the time being. If you would like a consultation on your unique situation, give me a call. I would be happy to assist you.
If you would like to continue to receive detailed market information, check out our new MLS Market Snapshot feature on our website. You can customize a report for the area you are interested in and receive additional information previously unavailable such as days on market and sold homes.
The Tanya Busch Team
Keller Williams Realty Mid Maine
34 Center Street Auburn ME 04210
207-689-9880
Comments (0)Subscribe to CommentsComment