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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