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Southern Maine and Wells Maine Real Estate Market Trends for Janaury 2009

Real Estate Agent with EXIT Oceanside Realty

The Rick Coyne Home Selling System continously monitor local real estate statistics to keep our clients informed and ahead of the real estate trends. Below you will find Wells, Maine and Southern Maine Real Estate trends for January 2009.

Wells, Maine

Number of Solds: 11    This is a 83% increase from January 2008 of 6 solds.

Median Sale Price: $187,500  This is a 13.9% decrease from January 2008 of $218,000.

New Listings: 36

Listings gone into escrow: 9

Southern Maine (York County)

Number of solds: 89 This is a decrease of 11.8% from Janaury 2008 of 101 solds.

Median Sale Price: $195,000 This is a decrease of 17% from Janaury 2008 of $235,000.

New listings: 310

Listings gone to escrow: 110.

I like to also look at the Absorption Rate which is how long will it take to sell the current homes on the market. From 2/13/08 to 2/12/09 12 months it will take 18 months to sell the current inventory of homes.

This information is provided from the Maine Real Estate Information Services, Inc.

Rick Coyne, Associate Broker

Garnsey Bros. Real Estate

510 Webhannet Drive

Wells, ME 04090

Office: 207-646-8301 Ext. 16

Mobile: 207-251-2119

Email: rcoyne2@maine.rr.com

Web: www.rickcoyne.com

For a FREE over-the-net home evaluation go to www.mefreehomevaluations.com

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