John's Guide to Greater Portland Maine Real Estate

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Real Estate Agent - The Herrigel-Kennedy Group - Portside Real Estate
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ARCHIVED BLOG POSTS

2009 

Below is the press release from the Maine Association of Realtors for the Month of January 2009. JANUARY HOME SALES STATISTICS: In a press release to the media today, MREIS reports that January 2009 existing home sales dropped 17.58% from January 2008. The median sales price dropped 17.70% in tha...
02/25/2009
The real estate market in Portland Maine for multi units has definitely seen better times.  Here is a snapshot of the current inventory, asking prices and days on market compared to historical figures for these 3 metrics. As of mid February there are 64 units on the market at an average asking pr...
02/19/2009
The Southern Maine real estate markets witnessed extremely sluggish conditions in January 2009. In all 4 counties followed excepting York there were significant volume drops. The heavily populated Cumberland county saw a 41% drop year over year whilst the lower mid coastal regions of Sagadahoc an...
02/16/2009
 For the month ending January 2009 Sagadahoc County Maine real estate markets saw 9 single family residential transactions occur at a combined average price of 161K with each home sitting on the market for an average of 151 days. In January transaction volume was slightly higher with 13 propertie...
02/14/2009
Lincoln County Maine real estate saw a slow January with 10 transactions taking place at an average sold price of 181K compared with 20 transactions a year prior and 32 a month prior in December. Pricing fell of significantly as wel with an average price sold of 352K a year ago representing a 49%...
02/14/2009
 Cumberland County Maine real estate markets saw 101 transactions take place with an average sold price of 265K and an average days on market of 95 in January 2009. This contrasts with 172 homes sold at an average price of 276K after sitting on the market for 111 days on average in Janauary 2008....
02/14/2009
York County Real estate, a southern Maine county just below Portland had an extremely slow month of January with 89 transactions taking place compared with 101 a year prior and 129 a month prior. This represents a cumulative volume drop of 12% year over year and 31% month over month.  Pricing in ...
02/10/2009
 For the month ending January 2008 the Harpswell Maine real estate markets saw no transactiong occur. Ouch!! This contrasts with 4 transactions at an average price of 747K in January 2008. Thus the mid coastal maine real estate market has perhaps one of the worst years in its history as Phippsbur...
02/10/2009
Freeport Maine real estate had a very slow January following a similar Maine trend.  Only 1 property sold compared with 8 from a year prior.  The one home sold for 136K after sitting on the market for 127 days. In January 2008 the average home sold for 326K. Inventory levels actually rose in Free...
02/09/2009
 The Yarmouth Maine real estate markets saw just 2 transactions take place with an average sold price of 655K and an average days on market of 23 in January 2009. This contrasts with 4 homes sold at an average price of 1M after sitting on the market for 70 days on average in January 2009. The mar...
02/09/2009
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John Herrigel

Portland, ME - Real Estate
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