LEWISTON ME September 2010 Housing Market Report 04240

Real Estate Agent with Better Homes & Gardens | The Masiello Group

Lewiston Maine September 2010 Housing Market Report.

Here are the results for Lewiston Maine showing sales of single family homes for September 2010.

Number of homes sold 21
Average List Price $137,914.00
Average Sale Price $128,130.00
Average Days on Market 122
Percentage (list price to sale price) 92.00%
Homes sold in Lewiston Maine

This past month in Lewiston Maine, well priced homes have sold quickly.  Many went under contract during the first week they were listed and a few had multiple offers and sold for more than their list price.  There were three bank owned homes sold in September that had been overpriced by over $30,000 and these sales have distorted the average percent of list price achieved.  Although the stats show this to be at 92%, if you exclude the three bank owned homes, the percentage is closer to 97%.

Prices appear to have stabilized in Lewiston and the average days on market for single family homes is almost half that of neighboring towns.  There are still great deals available for buyers, yet sellers who are pricing their homes appropriately are selling them close to or at list price (in a few cases - over.)

If you are considering a move, please give me a call.  I'd be happy to help.


Posted by

The Maine Real Estate Network - Kristen Wheatley - Lewiston-Auburn Maine Real Estate

Maine Realtor Kristen Wheatley  

Kristen Wheatley is a Maine Realtor working and living in Central Maine.  She specializes in the sale of residential and investment property in the Lewiston-Auburn area and surrounding towns.  Kristen uses the latest tools and mobile technology to provide a superior experience and results for her clients and enjoys sharing these technology skills and teaching other real estate professionals and local small business owners.

The Maine Real Estate NetworkKristen Wheatley, Associate Broker
The Maine Real Estate Network
34 Center Street - Auburn ME 04210
207-240-2250     www.lamainerealestate.com

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Comments (4)

Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL

Kristen - Great market report for Lewiston Maine, the list to sale price is great.

Oct 10, 2010 04:20 PM
Kristen Wheatley
Better Homes & Gardens | The Masiello Group - Brunswick, ME
Supporting Success - Best Job in the World!

Hi Michelle.  Yes, I was actually surprised when I ran the stats.  Even the local news has been gloom and doom, but we just aren't seeing that in this market.

Oct 10, 2010 04:43 PM
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Kristen - WOW ... numbers I can relate to!  While I love the interaction on ActiveRain, sometimes when folks are talking about listings with all those extra digits ... it's hard for me to relate .... now, this is a price point I understand!

Oct 11, 2010 11:15 AM
Kristen Wheatley
Better Homes & Gardens | The Masiello Group - Brunswick, ME
Supporting Success - Best Job in the World!

I know what you mean Jack!  I guess we need to close 3-5 for their one.

Oct 11, 2010 03:43 PM