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

Current Back Cove Listings:
19


The Portland Back Bay (technically the Back Cove) encompasses the region just North of downtown Portland. Being a tidal basin that drains out at low tide the Back Cove  offers a spectacular 3.5 mile trail that snakes around (photo of trail) the shoreline. A great place to run, walk the dog or bike around coupled with its natural beauty has resulted in a strong local real estate market and thus a wonderful place to call home.  As of January 2011,  19 single family homes and condos were listed on the market at a median price point of $249,000On the most desirable streets, just off the bay (Vannah, Clifton, Codman, Hersey, Chenery, Mackworth, Austin and George) you will be hard pressed to find a home under $275,000.   Homes directly on the cove with wonderful water views rarely come on the market, but if they do the price range will be around $500,000. The Back Bay is most similar in shape and form to Portland’s Deering neighborhood.

Portland Back Cove Historical Real Estate Market Report.
I 2010 a  total of 62 homes and condos sold at a median price point of 200K  In 2009 a total of  131 home’s and condo’s sold at a median price point of $225,000. In  2008, 47 homes sold at a median price point of $225,000 as well. Thus demand and pricing has remained consistent and stable in this Portland ME micro real estate market with median prices generally about 10K to 20K  higher than Portland Maine;s overall median price of $200,000.

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