Portland ME Real Estate Analysis for Homes and Condos » South Portland ME

South Portland Market Report – Nov 2009

admin — Mon, 28 Dec 2009 17:36:34 +0000

The South Portland real estate residential markets saw 27 transactions take place at a median price point of 184K in November 2009. 22 single family homes and 5 condos sold. The median days on market for these sold properties was only 29 days! This compares with 14 homes sold at a median price of 178K in November 2008.

The significant volume increase and also pricing increase month over month echo similar results seen in nearby communities including Portland. With interest rates remaining low and the extension of the first time home buyer tax credit expect the real estate markets of Southern Maine to continue to improve.

Thanks for reading.

Greater Portland Maine Housing Update

admin — Mon, 29 Jun 2009 11:21:44 +0000

As the spring season comes to an end, the state of Maine continues to weather a nasty bit of cloudy, rainy weather as of late, certainly not helping to encourage parties to buy property and real estate in Southern Maine. Interest rates spiked earlier this month but have since returned to very low levels. Buying activity remained quite strong in the communities surrounding Portland Maine, specifically the South Portland real estate markets. Look for a moderatly slow Summer season as the short sales and foreclosures continue to “gum up” and slow down the entire system. Thinking or renting instead of buying, take a look at Schneider Property Management, a Portland Maine apartment rental company when time permits.

South Portland Maine Housing Jan 2009

admin — Thu, 05 Feb 2009 18:04:12 +0000

The month of January 2009 saw 7 real estate transactions transpire in South Portland, the the South Portland Maine real estate market is slow and staying that way. In the year prior 13 transactions took place thus representing a volume drop of approximately 50%. Pricing seems to be remaining constant for the time being and all signs point towards a continued housing slowdown in Southern Maine real estate.