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Housing Update for Freeport Maine, 3rd Quarter 2011

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

spooky halloween spiderIn the residential real estate market of Freeport Maine, the 3rd quarter saw 36 homes sold at a median sales price of 314K. This represents a transaction volume increase of 38% compared with the third quarter of 2010.  The median sales price was down 8% compared with a year prior. In general, volume has been up in southern and coastal Maine compared to last year at this time. With stable pricing, and list to sales ratio coming in around 96%, a home in Freeport Maine priced at fair market value will sell.

This report was compiled by John Herrigel, a local Maine real estate broker with the Herrigel Group – specializing in southern Maine homes. Interested in learning more about what’s going on in Freeport? Check out the Spooky 5k in Freeport Sunday the 30th. For more info on the greater Portland area and Freeport housing market contact John directly at 207-650-5383 or via email at johnherrigel@gmail.com