Summer Recap in Greater Portland Maine real estate
Posted Oct 5, 2009 @ 9:07 am, Viewed by 186 Visitors, Read 188 Times.As the leaves start to turn and the Fall foliage nears its peak in Maine, here is an analysis of the most recent quarter of activity ending August 2009 in the residential real estate markets of Portland Maine. Transaction volume was down about 20% for the 3 month period with 186 total single family and condo transactions taking place compared with 210 in 2008 for the same period. Median pricing also took a hit...down about 8% and clocking in at about 203K. Month over month however the transaction volume and median pricing for the past half a year plus have leveled out pointing perhaps to the bottom in this market, but as the winter approaches and with the federal tax credit set to expire the situation still remains a bit tenous overall.
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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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