With a year over year price drop from 193K in August 2010 to 191K in August of this year, there has been a slight decrease in the average cost of condos for sale in Portland ME. Just 12 condos sold during the month of August, for a 29% decrease in the number of condos sold since the previous month, although condo inventory also decreased slightly. Portland condo sales numbers have also decreased year over year by 37%. In general, Portland area markets have seen stable volumes and lower pricing for the summer months, making Portland a great place to buy.
This housing market update has been brought to you by the Herrigel Group – specializing in real estate in the greater Portland area. To learn more about Portland Maine Real estate, or about condos in a specific neighborhood such as the scenic and historic Munjoy Hill community in Portland Maine’s East End contact John Herrigel by email at johnherrigel@gmail.com or directly by phone 207-650-5383.
The real estate market for houses and condos in South Portland Maine saw a 21% decrease in sales year over year for the month of August. With a median price of 181K, home prices have decreased by 9% year over year, and 10% month over month. In general, in the greater Portland area volume has remained stable and lower prices have encouraged sales through the summer months.
With the start of fall around the corner, it is back to school season. Check out the South Portland Music Boosters website to learn about supporting music education for South Portland kids.
This housing report has been compiled by John Herrigel a Maine real estate broker with the Herrigel Group – for Southern Maine homes. For more info about homes for sale in Coastal and Southern ME and listings in great neighborhoods like Willard Beach in South Portland contact John by email at johnherrigel@gmail.com or by phone at 207-650-5383
In the real estate market for single family homes in Portland Maine, the month of August saw 43 homes sold at a median sales price of 215K after sitting on the market for 61 days. This represents a volume decrease of 2% compared with August 2010. The median sales price was down 2% compared with a year prior and 4% month over month. Stable volume and some lower pricing year over year reflect increasing value in the greater Portland area as buyers continued to purchase over the summer months.
With summer winding to a close, it is fair season in Maine. Check out the Cumberland Co. Fair September 25th to October 1st to see agricultural exhibits from the greater Portland area, and more.
This report was compiled by John Herrigel, a local Maine real estate broker with Green Tree Realty. For more info on greater Portland area real estate and area neighborhoods like East End Portland Maine real estate markets please visit www.mymaineproperty.com or contact John directly at 207-650-5383 or via email at johnherrigel@gmail.com
There is a fantastic selection of condos to make your home in Portland Maine. Available condos in the greater Portland area range from smaller townhouse style buildings in outer Portland, to the Portland House in the East End which includes 112 units total. Amenities and features vary by location and the best way to become informed on all the important details – like if a condo will include a balcony, parking space, or allow pets – is by checking the information of the condo association to which it belongs.
At MyMaineProperty.com the Herrigel Group has collected a listing of condo complexes in Portland Maine where you can see this information, photos of condo complexes, pricing ranges, and other valuable details to get you started in your Portland condo search. We add new condo complexes to this list periodically, so check for new information!
For more information about Portland Maine condo associations or area neighborhoods like Munjoy Hill Portland ME condos located conveniently near downtown Portland, contact John Herrigel with the Herrigel group directly at 207-650-5383 or via email at johnherrigel@gmail.com
Inside Portland Maine’s city limits, Deering is located west of Forest Avenue and the Back Cove neighborhood. Deering homes are known for their eclectic mixture of architectural styles including colonials, capes, Victorians. The median listing price for a home in this quiet suburban section of town is 219K.
If you are looking for a big back yard and a strong local community, a home in Deering may be an excellent choice. The Deering neighborhood has a variety of quality educational institutions from early childhood to higher education, which helps to make it a great place for kids of all ages. It is just a few minute’s drive or a manageable bike ride to Downtown Portland; bike routes are available for your safety and convenience.
To learn more about Portland ME homes in Deering or for more information on homes in Portland Maine, contact John Herrigel with the Herrigel Group – specializing in coastal and southern Maine homes. John can be reached directly at 207-650-5383 or via email at johnherrigel@gmail.com
Residential real estate in Portland ME has increased in sales volume comparing the month of July 2011 to July 2010. During July 62 houses and condos sold in Portland, this was a 27% increase month over month. The median price has risen by 5% year over year to 219K. This growth in sales may be a reflection of the end of last year’s first time buyer tax credit in June 2010.
Learn more about owning a condo in Downtown Portland ME. With a median price of 220K, condos in Portland’s downtown area have a lot to offer in style, beauty, and convenience.
This housing update has been compiled by John Herrigel, a southern Maine broker with the Herrigel Group. To learn more information about real estate in Portland Maine contact John by phone at 207-650-5383 or via email johnherrigel@gmail.com
The residential real estate market in Portland Maine for condos has seen a decrease in inventory sold comparing July of 2010 to this July. During July 2011 a total of 17 condos were sold; there was a 29% decrease in the number of condos sold year over year, although there was a month over month increase of 21%. Average price has risen 2% year over year to 204K in July 2011. Stable markets in southern Maine led by lower interest rates make the greater Portland area an excellent place to relocate.
One neighborhood in Portland to consider in your condo search is Portland’s West End area. A Condo in the West End offers a location convenient to downtown and Maine Medical Center in a neighborhood with a suburban feel starting around 150K for a one bedroom.
This housing report has been compiled by John Herrigel, a Maine broker with the Herrigel Group. For more information about condos for sale in Portland Maine visit www.MyMaineProperty.com or contact John directly by phone at 207-650-5383 or by email at johnherrigel@gmail.com
The residential housing market of Falmouth Maine has seen a slight decrease in homes on the market year over year. In the month of July 2010, 178 homes were on the market, while July 2011 saw 161 homes for sale. Although inventory was slightly down, there was a 29% increase in homes sold year over year, with 18 homes sold in July 2011. The increase in sales from the 2010 year may be reflecting the end of last year’s first time home buyer tax credit in June of 2010. Stable markets in coastal and southern Maine led by lower interest rates make Falmouth an excellent place to relocate.
Check out Handy Boat boat yard this summer in the Casco Bay for sailing lessons and more. It is located near Falmouth Village and the Falmouth Foreside area.
This housing update has been compiled by John Herrigel, a southern Maine broker with the Herrigel Group and Green Tree Realty. For more info about Falmouth and southern Maine homes for sale visit www.MyMaineProperty.com or contact John directly by phone at 207-650-5383 or by email johnherrigel@gmail.com
In South Portland ME the average price of homes and condos for sale dropped from 223K in July 2010 to 200k for July 2011, for a 10% decrease year over year. During the month of July 2011, 39 homes were sold in South Portland compared to the 18 one year earlier for a 117% increase in sales yearly. This increase in sales may be a reflection of the end of last year’s first time buyer tax credit in June 2010. Stable month over month pricing and stable markets in the Portland area led by lower interest rates make South Portland a great place to relocate!
Visit mymaineproperty.com to learn more about South Portland neighborhoods and nearby communities such as the Oakhurst neighborhood in Cape Elizabeth, ME.
This housing report has been compiled by John Herrigel a local Maine broker with Green Tree Realty and the Herrigel Group – MyMaineProperty.com For more information about southern and coastal Maine and South Portland Maine homes and condos for sale contact John directly at 207-650-5383 or via email at johnherrigel@gmail.com
The median price of Portland Maine homes rose from 208k in July 2010 to 224k for July 2011, and is up 2% from one month earlier. During the month of July 2011, 45 homes were sold in Portland in contrast to just 23 one year earlier. This 96% increase in sales may be a reflection of the end of last year’s first time buyer tax credit in June 2010. Stable month over month pricing and stable markets in Portland led by lower interest rates make Portland a great place to relocate!
While the summer warmth remains, it is an excellent time for a picnic. Enjoy one of Portland Maine’s picturesque city parks like the Eastern Promenade in Portland’s East End neighborhood for some relaxation and fun in the sun.
This housing report has been compiled by John Herrigel a local Maine broker with the Herrigel Group – MyMaineProperty.com For more information about homes for sale in Portland Maine contact John directly at 207-650-5383 or via email at john@greentreemaine.com
