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
In May 2011 the Falmouth ME residential housing market saw a total of 15 transactions take place, down from 22 a year earlier. This reflected a 25% monthly increase and 32% yearly decrease in sales. The median price in May 2011 increased to 400K compared with 270K in the month of May 2010. This is a 48% price increase year over year, and a 12% increase month over month. The average days on the market has decreased to just 28 for the month of May. At the beginning of the month of June, the Falmouth residential market had 146 homes for sale, up from 130 in the month of May.
Visit the Falmouth Historical Society museum this summer to learn more about sustainable living and traditional crafts. For more information on Falmouth ME housing please visit www.mymaineproperty.com or feel free to contact John Herrigel directly at 207-650-5383 or via email at john@greentreemaine.com
The real estate market for homes and condos in South Portland ME had a greatly improved showing in May 2011 with 27 transactions up from 11 a month earlier. Although this is still much lower than last year’s 43 May sales, last year’s first time home buyer tax credit is a factor in inflating the number of transactions in 2010 by artificially improving the market. Pricing has increased to the median price of 216K compared with 199K for the same time period in 2010. This reflects a 9% price gain, year over year. Inventory is continuing to grow, from 124 houses and condos on the market in May to 166 beginning in June.
Want to learn more about South Portland? Visit the South Portland Public Library – summer reading programs begin soon. For more info on Maine real estate please reach out directly to John Herrigel, a local Maine broker with Green Tree Realty who can be reached at 207-650-5383 or via email at johnherrigel@gmail.com
In May 2011, a total of 21 condos were sold in Portland Maine. This number has decreased since last year by 32%, with 31 condos selling in Portland in May 2010. By month, however, the sales volume has increased dramatically, since only 10 condos were sold in Portland in April of this year! This indicates that last year’s first time home buyer’s tax credit may have artificially boosted sales, which have since returned to a more realistic pattern. Inventory is up, with 161 condos for sale for the month of June from 155 a month earlier. Average price remains stable at about 215K.
A condo can be a great housing option in Portland Maine, close to amenities and conveniences with many opportunities for community involvement close at hand. Activities like community gardening can provide an enjoyable way to get to know your neighbors and enjoy Portland’s common green spaces.
For more information on real estate in coastal Maine please reach out directly. My name is John Herrigel and I am a local Maine broker with Green Tree Realty and can be reached at 207-650-5383 or via email at johnherrigel@gmail.com
Located on the peninsula, Portland’s East End area is an excellent neighborhood to buy property as an investment or residence. The East End, also known as Munjoy Hill, has homes located within walking distance to many of Portland’s finest restaurants and coffee shops like Coffee By Design. At just a few minutes’ walk in Portland’s Old Port district additional cultural activities and nightlife abound.
Along the coast, the East End is home to Portland’s Eastern Promenade Park which has excellent trails for dog walking or biking, and a large lawn area for relaxation with a view of the Casco Bay islands. Completing the picture of a picture of a profitable investment, attractively renovated condos ranging in the mid 200’s to multi units from 350K to 400K are available in the Portland ME East End real estate markets today.
For more information on East End homes and condos for sale or for more information on homes in Greater Portland ME, contact John Herrigel directly at 207-650-5383 or via email at johnherrigel@gmail.com
