Maine Housing Stats Show Promise

By
Real Estate Agent with Armentrout Select Realty of Maine

 Brought to you by Sam Armentrout, A Southern Maine Real Estate Agent at CHR Realty/ GMAC Real Estate   

   Whispers of recession have begun to increase in amplitude and frequency. Employment, economy, relief, the fed, crunch; all dinner table vocab for even the most media sheltered of Americans. Despite the frenzy of discouraging statistics, 2007 data from Maine's Real Estate Market shows promise. 

    Of Maine's 16 counties, 10 showed an annual increase in either sale price, number sold or both. While there's no arguing that home buyers are making slow, cautious decisions, they are, in fact, making them. (At least in Maine)

    Many would accurately have predicted that Maine's coastal real estate would experience a lessened degree of slowing based on the oceans limited nature and specific draw. Fewer, if any, could have predicted gains in Northern, Central and Coastal Maine alike. Maine counties Franklin and Waldo experienced growth in both sales prices and numbers sold in 2007. 

COUNTY                    SALE PRICE INCREASE             #'S SOLD INCREASE

Waldo                   23.79%                                5.98%

Washington           18.92%                                --------

Knox                     --------                                15.7 %

Sagadahoc             --------                                11.46%

Franklin                 8.46%                                 2.97%

Somerset               8.25 %                                --------

Piscataquis             7.08%                                 -------- 

Kennebec               6.97%                                 --------

Androscoggin          1.66%                                 --------

Hancock                 1.27%                                 --------

 

Sam Armentrout, a Southern Maine Real Estate Agent, CHR Realty/ GMAC Real Estate

(207)443-3333 x 214, (207)837-1492 (Mobile) sarmentrout@chrrealty.com

Comments (4)

Paul Viau
Nova Scotia Real Estate Blog - Halifax, NS
Nova Scotia Real Estate Blog + Photo Services
Good info! We are not too far away. However the u.s. recession has not reached us nor will it. Good luck to in 2008!
Feb 14, 2008 10:29 PM
Shannon Aldrich
Keller Williams Coastal Realty - Rye, NH
NH & Maine Real Estate Seacoast

Sam

York County saw an increase is value for 2007! Now there is good news!

Feb 16, 2008 12:03 AM
Anonymous
Cheryl Stimac

I appreciate knowing about your improving housing sales statistics.  Tampa Bay Florida is also beginning to come back to life. 

 

If you ever have a client interested in a winter getaway or full-time home or condo in Tampa Bay, Florida, I'd appreicate your suggesting that they visit my website at www.tampafloridahomes.net.  I'd be happy to return the favor.

Jun 19, 2008 03:09 AM
#3
Anonymous
Miami Foreclosure

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Apr 14, 2009 10:52 PM
#4