3rd Quarter Housing Update for Scarborough, ME

Real Estate Agent with The Herrigel-Kennedy Group - Portside Real Estate

The Scarborough Maine residential real estate market saw a 19% increase in transaction volume for the 3rd Quarter of 2011. A total of 64 homes were sold during this quarter, giving the town of Scarborough an about average increase in sales for the region – coastal and southern Maine saw an average 20% increase in sales. Median prices for Scarborough Maine homes increased to 272K - a 1% gain year over year. Through southern Maine pricing was stable and list to sales ratio in the area has been around 97%, so if priced properly a home in Scarborough will sell at fair market value.

To learn more about the history of the town of Scarborough visit the Scarborough Historical Society. For more information on Scarborough Maine real estate check out the Herrigel Group at mymaineproperty.com – specializing in southern and coastal Maine homes for sale. For direct contact about Scarborough ME homes for sale, contact John Herrigel by email at johnherrigel@gmail.com or by phone: 207-650-5383


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