Maine spring housing report - June

Posted Aug 6, 2007 @ 9:50 am, Viewed by 86 Visitors, Read 88 Times.

Sold Properties by County – June 2007 (June 2006):

                       # Sold              Avg. Price      Avg. Days on Market

York                274 (331)         313K (296K)           118(84)

Cumberland   417 (485)         302K (318K)            85 (85)

Sagadahoc       39 (65)            247K (267K)            114 (85)

Lincoln            48 (65)            266K (300K)            186(135)

           

Total Housing Inventories and Net Change by County:

                         7/23/07          6/20/07         Net Change

York                  3196            3117                79

Cumberland     3266             3065               201

Sagadahoc         413               393                 20

Lincoln              817               784                 33

 

Commentary: 

Housing transaction volume remained down holding steady for the 2nd month in a row at 82% of its 2006 levels.   Average prices were down in 3 out of the 4 counties with a cumulative weighted sales price drop of  2% overall, but one should take note in York County 10 properties sold for over 1 Million in June; an abnormally high number.  Removing these from the equation brings the average sales price in York down to 282K and more in line with the other 3 counties.  The net result then being a 5-7% overall price drop for southern Maine real estate in June.

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johnherrigel

johnherrigel Hello and welcome to Maine, "the way life should be." My name is John Herrigel and I am a motivated, energetic, focused real estate agent who works primarily with buyers of all walks of life, many around my own age of 28 so a lot of first time home buyers but also a lot of baby boomers looking for a 2nd home or relocate to the area. Read More

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