The residential real estate market in Coastal and Southern Maine has seen a 5% increase in median price since the 2nd quarter of 2010. Total transaction volume decreased from 988 homes sold in the second quarter last year, to 649 houses and condos sold this quarter. Lower sales volumes year over year reflect the success of last year’s tax credit program for home buyers as transaction volumes are more similar to 2009 levels.
Visit Coastal Maine to learn about a picturesque and diverse region, from waterfront wilderness in the mid-coast to the convenience of Downtown Portland. Check out real estate in Falmouth Foreside Maine for more information about one of many great ways to enjoy life in coastal Maine.
This quarterly housing update has been compiled by John Herrigel a local broker for Southern and Coastal Maine homes with MyMaineProperty.com – the Herrigel Group. For more information about Portland Maine homes for sale contact John Herrigel via email at johnherrigel@gmail.com or directly by phone at 207-650-5383.
With a rich history as a working port town, Portland’s Old Port District in the Downtown area is now both a destination of tourism and a center of business. Small businesses and larger companies fill Old Port, with a select few condos for sale for those who desire a stylish home in downtown Portland Maine. A condo in Portland’s Old Port district can provide all the conveniences of living in a much larger urban area at a fraction of the price – at a median of 220K.
As a hub of cultural opportunities in southern Maine, Old Port has abundant restaurants, coffee shops and art galleries. Portland Maine’s Old Port neighborhood has friendly atmosphere augmented by the confluence of its old New England charm and forward-thinking creativity. With a strong value for local business and sustainability, it is a pedestrian and bike friendly neighborhood.
For more information about real estate in Old Port Portland ME visit MyMaineProperty.com To learn more about Portland ME condos for sale check out MyMaineProperty.com or contact John Herrigel directly at 207-650-5383 or via email at johnherrigel@gmail.com
For the 2nd quarter of 2011 the real estate market for houses and condos in Portland ME has remained stable in median price, going from 218K in 2010 to 217K this year. Transaction volume decreased by 36%: although 225 houses and condos were sold in the second quarter last year, 145 homes and condos sold this quarter. Lower sales volumes for this quarter reflect the success of last year’s tax credit program for home buyers – transaction volumes are more similar to the 2009 year.
Learn more about some of the great neighborhoods in Portland Maine. Check out West End Portland real estate, for great community with a variety of options from convenient condos to a 5000 sq ft mansion on the Western Promenade. If you are looking for a home in the middle of the action, check out condos in Downtown Portland ME.
This quarterly housing report has been compiled by John Herrigel a local broker for Portland ME homes and condos with the Herrigel Group. For more information about Portland and southern Maine homes for sale, contact John Herrigel directly at 207-650-5383 or via email at johnherrigel@gmail.com
The real estate market for homes in Falmouth, ME has remained relatively stable during the second quarter of 2011. Since the second quarter of 2010, the median home price has seen a slight decrease of 3% from 396K to 388K. Year over year transaction volume is down 29% from 69 to 49 homes sold. While this is a decrease in sales, transaction volume is similar to its 2009 level, reflecting the success of last year’s tax credit program for home buyers.
One area of special interest in the Falmouth home market is the Falmouth Foreside neighborhood. Located just 10 minutes north of Portland’s Old Port district; Falmouth Foreside offers top schools, recreational facilities and more. If you are looking for a beautiful waterfront home, check out Falmouth, Maine real estate.
This report was compiled by John Herrigel, a southern Maine real estate broker. For more info on the local Portland area real estate markets please check out MyMaineProperty.com – the Herrigel Group or contact me directly at 207-650-5383 or via email at johnherrigel@gmail.com
For the 2nd quarter of 2011 the residential housing markets of South Portland, ME have decreased in median price by 10% to 193K. A total of 99 homes were sold in the second quarter last year, although just 62 homes sold this quarter, for a transaction volume decrease of 37%. Fewer homes and condos have sold this quarter, but this reflects the success of last year’s tax credit program for home buyers – transaction volumes are more similar to the 2009 year.
To learn more about a great neighborhood in South Portland, check out Willard Beach in South Portland, ME this summer. Visit a less travelled Maine beach just minutes from down town Portland and unwind from you busy week.
This housing update has been compiled by John Herrigel a local broker for coastal and southern Maine residential properties with the Herrigel Group. For more information about South Portland ME homes for sale, contact John Herrigel directly at 207-650-5383 or via email at johnherrigel@gmail.com
On the western side of Portland’s peninsula, the West End neighborhood is known for historical architecture and beautifully maintained homes. The Portland ME West End residential market offers a fantastic lifestyle to suit discerning taste, from one bedroom condos in the 150K range to 5,000 sq. ft. mansions in the 1 million plus range.
The West End is located near Portland’s Old Port district with plentiful activities and nightlife. It boasts many quiet streets with a more suburban feel than other parts of the city. The West End is also home to Maine Medical Center, one of Portland’s largest employers, and has access to excellent schools: two great reasons to consider making the West End your home.
For more information on West End real estate in Portland Maine or for more information on homes and condos in Greater Portland ME, contact John Herrigel with the Herrigel Group directly at 207-650-5383 or via email at johnherrigel@gmail.com
The housing market for Portland Maine homes has seen a decrease in both median pricing and transaction volume compared to 2010. Year over year, the median price has dropped from 234K in 2010, to 225K for this quarter. This reflects a 4% decrease in price. Number of homes sold has decreased from 140 to 101, for a 28% decrease. Over all, the market for homes in Portland remains stable, but the success of last year’s tax credits for home buyers had artificially inflated last year’s statistics.
An excellent neighborhood in the Portland Maine home market is the East End. Portland Maine East End homes for sale feature a convenient location just minutes walk from down town, and beautiful views of the Casco Bay.
Thanks for reading about 2nd Quarter housing statistics for Portland ME homes for sale. For more information about Maine homes for sale in Portland and the Herrigel Group visit MyMaineProperty.com please contact John Herrigel directly at 207-650-5383 or via email at johnherrigel@gmail.com
The real estate market for Portland ME condos has remained relatively stable during the second quarter of 2011. From last year, the median condo price has increased just 3% from 200K to 207K. Year over year transaction volume is down 49% from 89 to 45 condos sold. While this is a sharp decrease in sales, transaction volume is similar to its 2009 level, reflecting the success of last year’s tax credit program for home buyers.
One area of interest in the Portland Condo market is Portland’s West End neighborhood. Condos in the West End may be a comfortable option for those who desire the neighborhood’s historical architecture and more suburban feel. Be sure to check out this neighborhood.
This report was compiled by John Herrigel, a local Maine real estate broker with Green Tree Realty. For more info on the local Portland area real estate markets please check out MyMaineProperty.com contact me directly at 207-650-5383 or via email at johnherrigel@gmail.com
Munjoy Hill in Portland ME is the hot neighborhood for residential or investment real estate located on the East End of Portland’s peninsula. The property values of Munjoy Hill real estate have continued to increase even through the recent economic recession. There are houses and condos to suit a variety of tastes in Portland’s Munjoy Hill, from a newly renovated 2 bedroom condo in the mid 200s to 3 unit multi-dwelling buildings in the 350K to 400K range.
This is a highly developed area of Portland features many luxury condos and charming homes. Munjoy Hill offers scenic views, overlooking both the city of Portland, and from the Eastern Promenade park beautiful views of the Casco Bay islands. The Eastern Promenade trail is a great place for a run or dog walk, and the Eastern Promenade also features large relaxed lawns. The Munjoy Hill neighborhood features several art galleries and fine restaurants, and has opportunities to become involved in local culture and events.
To learn more about the Munjoy Hill area in Portland, Maine or for more information on Portland Maine Munjoy Hill real estate contact John Herrigel with the Herrigel Group directly at 207-650-5383 or by email at johnherrigel@gmail.com
Median prices of houses and condos in Portland rose from 215k in April 2011 to 225k in May 2011, and are up 10% from a year over year. In the month of May 2011, 65 homes were sold in Portland Maine. Last May, a total of 81 houses and condos sold in Portland. This 20% decrease in sales may be a reflection of the success of last year’s first time buyer tax credit, and Portland Maine is still a great place to buy residential housing as a home or investment.
Please contact me directly for more information on homes in Portland Maine. My name is John Herrigel and I am a local Maine broker with the Herrigel Group and can be reached at 207-650-5383 or via email at johnherrigel@gmail.com
