September Market Report for Bath and Brunswick Maine

For the month ending September 2009, the mid coast markets anchored by the communities of Bath and Brunswick saw mixed results. In Brunswick, a total of 19 homes sold with a median sales price of 166K compared with 20 at a median sales price of 240K in 2008. In Bath, 6 homes sold in September 2009 compared with 8 in 2008 at a median sales price of 119K compared with 153K in 2008.  Home sales in mid coast Maine have been slower to recover from the economic downturn compared with the Portland real estate markets to the south.  The lack of a strong 2nd home buyers market coupled with less job opportunities in mid coast Maine are perhaps the 2 largest determining factors for the continued slower markets and greater price drops year over year.

Thanks for reading,

John

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