The intent of this site is to provide relevant news, listings and information on the Portland real estate housing markets for homes.

Dec. 11 Market Update for Yarmouth ME

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Christmas CookiesThe Yarmouth ME housing market saw 10 homes sell during the month of November 2011. This was an 11% increase in sales volume year over year, and a dramatic increase month over month. The average price for a Yarmouth home sold in November was 355K, which was a 48% gain compared to November 2010. The average number of days on the market for homes that sold in Yarmouth was 156.

With the holiday season upon us, the town of Yarmouth has taken the time to provide some excellent safety tips for Christmas trees and other decorations. Check out Yarmouth’s holiday season fire safety page, and have a safe and fun holiday!

This Maine housing update is brought to you by the Herrigel group – specializing in real estate in greater Portland Maine. To learn more about Yarmouth Maine real estate, visit us online at www.myMaineProperty.com. Contact John Herrigel directly by phone at 207-650-5383 and email: johnherrigel@gmail.com

Portland Maine Housing Update for Dec. 11

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Holiday WreathDuring the month of November 2011, 45 homes and condos sold in the Portland Maine housing market. This was a 13% increase from last year at this time, although it was a decrease from the previous month. With a median price of 204K, Portland Maine homes for sale appreciated year over year by 21%. The average number of days on the market for homes and condos that sold in November in Portland was 66 – a 15% yearly drop.

There is plenty to see and do in Portland during this holiday season. Check out the Victoria Mansion Deck the Halls holiday tour until Jan. 8th in Portland for a fun and educational look at Victorian era life and Christmas charm.

For more information on Portland Maine real estate, and living in this great southern Maine community or others in the Portland area, visit the Herrigel group at myMaineProperty.com or contact John Herrigel directly by phone at 207-650-5383 or by email at johnherrigel@gmail.com

Westbrook ME Market Report for Nov 2011

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During the month of October a total of 20 homes were sold in Westbrook Maine. This is a 67% increase in the number of sales year over year. Inventory is down slightly month over month. The average price of Westbrook homes has risen slightly year over year to 154K, and average number of days on the market has decreased since October 2010.

The Herrigel Group specializes in greater Portland area homes and investment properties. To learn more about homes in Westbrook Maine, visit the Herrigel Group online at mymaineproperty.com or talk to John Herrigel directly, call (207)650-5383 or email johnherrigel@gmail.com

Portland ME Homes Market Report for November 2011

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Christmas DecorationsDuring October a total of 34 homes were sold in Portland Maine. This is a 10% increase in the number of sales since last year at this time, and a 55% month over month increase in transaction volume. Inventory is down slightly with just 253 homes available. The average price of Portland homes has dropped slightly both year over year and month over month to 219K, and average number of days on the market has increased.

For more information about the latest Portland Maine housing statistics, visit the Herrigel Group online at mymaineproperty.com. We specialize in greater Portland area homes and investment properties. To talk to John Herrigel directly, call (207)650-5383 or email johnherrigel@gmail.com

Condo Complexes of Portland ME – Brown Street Lofts

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Brown Street LoftsFor the finest in-town living in Portland Maine, consider a luxury condo at Brown Street Lofts. Located a block from Monument Square, Brown Street Lofts is at the heart of Downtown Portland. This convenient location is within walking distance of all downtown’s high points, and although it does not include parking it is within a block of a garage that provides covered parking by the month. Brown Street Lofts units range in size from smaller 1 bedrooms to 1600 sq ft units. Each features a sleek kitchen, hardwood floors, exposed brick walls, and other modern features.

Ranging from the low 200’s to 500K, Brown Street Lofts units offer a variety of options for your downtown Portland ME home. To learn about the specific features and regulations of Brown Street Lofts, and more condo associations in downtown Portland ME visit the Herrigel Group – mymaineproperty.com today, or contact John Herrigel directly at 207.650.5383 or by email: herrigelgroup@gmail.com

Portland ME Condos 3rd Quarter Housing Update

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spooky halloween spiderThe Portland Maine the residential real estate market for condos saw 51 sales at a median price of 200K during the 3rd quarter of 2011. This represents a sales volume decrease of 7% compared with the 2010 3rd quarter. The average sales price was up 1% compared with the previous year. In general, through the greater Portland area volume has been up compared to last year at this time. With list to sales ratio coming in around 97% and stable pricing, a condo priced at fair market value will sell in Portland.

If you are interested in learning more about Portland check out local news with the city of Portland webpage. This Maine housing update was compiled by John Herrigel, a local ME real estate broker with the Herrigel Group. For more info on the greater Portland area and Portland Maine condo listings in neighborhoods like the West End in Portland contact John directly at 207-650-5383 or via email at johnherrigel@gmail.com

Portland ME 3rd Quarter Housing Update

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girl in a witch costumeThe Portland ME residential real estate market saw an 18% increase in transaction volume for the 3rd Quarter of 2011. A total of 166 homes were sold during this quarter, compared to the 141 in transactions in the 3rd quarter of 2010. This is consistent with the greater Portland area as through southern Maine sales increased an average 20%. The average price for Portland Maine homes for sale remained at 215K – a 0% change year over year. Through southern and coastal Maine pricing was stable with a list to sales ratio in the area around 97%, if priced properly a home or condo in Portland will sell at fair market value.

Halloween is just a few days away! Check out Halloween events scheduled at the Children’s Museum and Theatre of Maine located right here in Portland, for some great family fun.

For information about homes and condos for sale in Downtown Portland, visit the Herrigel Group at mymaineproperty.com – specializing in greater Portland area Maine homes for sale. For direct contact about Portland ME homes for sale, contact John Herrigel by email at johnherrigel@gmail.com or by phone at 207-650-5383.

September 2011 Housing Report for Portland Maine Condos

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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.

September 2011 Housing Report for South Portland ME

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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

Portland Maine Homes September 2011 Housing Report

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Homes in Portland ME East EndIn 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