Images from around Maine
Real Estate in Portland Maine-Market Update for Dec. 2, 2011
Link to the Greater Portland Maine real estate update for December 2nd, 2011. November 2011 has shown 202 single family home sales in Cumberland County, Maine. This is up from 191 for the same period in 2010. The median sales price for 2011 is $216,000, which is down from $225,000 for November of 2010. The length of time single family homes are on the market is up for November 2011 to 94 days on the market. The average days on market for November 2010 was … [Read More...]
Portland Maine Neo-Victorian Home in Parkside Neighborhood
Check out this video to view a stunning home located at 25 Sherman Street in the heart of downtown Portland, Maine. This turn of the century home is located in the Parkside neighborhood, just two blocks from Deering Oaks Park-home of the largest farmers' market in the State of Maine. If you head up the hill towards Congress Street and the heart of downtown Portland, you'll find the Portland Museum of Art as well as many great local restaurants and shops. This … [Read More...]
Greater Portland Maine Real Estate Fall Market Outlook 2011
The Greater Portland Maine real estate markets have continued along the current trend path for the summer market this year. Based on single family home sales activity in Cumberland County, sales volume is down by 6.9% for the year to date through August 31st. The gap in volume is slowly narrowing based on the volume in August as this number was larger at 10% at the end of July. Sales volume year to date is showing 1685 sales, which reflects 126 fewer sales for the … [Read More...]
Greater Portland Maine Mid-Summer Market Update 2011
The Greater Portland Maine real estate markets have continued with the trends seen in the spring market. Based on single family home sales in Cumberland County, sales volume remains down by about 10%. The total volume of homes sold through 7/31/11 is down by 166 sales to 1,408 homes sold. Conversely, sales values have risen minimally by 1.6%. The average sales price for the this period in 2011 is … [Read More...]
Top 3 things to do to beat the heat this weekend in Portland, Maine!
It's hard to complain about Maine's temps this week when so much of the US is scorching. For those of us with thick blood, we are feeling the temps in the 90's. Here are the top 3 things to do in Greater Portland Maine to beat the heat: Take a Cruise on the Casco Bay lines. Check out Mackworth Island-a shaded 1 mile flat walking trail with access to beaches that are tucked along various parts of the island. … [Read More...]
What is ‘Status’ in Maine Real Estate?
Maine real estate listings are similar to real estate listings in many states. However, the way that we commonly refer to status does differ from one market to the next. When I refer to real estate status, I'm not referring to the high-end waterfront areas along the coast. I'm referring to the availability status. In some areas, it's very simple: Currently available (Current), or not available (Sold). I'm assuming this was the case before the rise of … [Read More...]
Market Update May 2011
The Greater Portland Maine real estate market has finally thawed from the long winter. For the year to date at the end of April, the Greater Portland markets report 618 single family home sales. This is down by 12.5 percent for the same period last year. This activity is not surprising given the severity of the 2011 winter, combined with the expiration of the government incentives of 2010. The values for single family homes have risen by a modest 2.6 percent … [Read More...]
Maine Condo Ownership-some considerations for Buyers
Maine condo ownership is unique when compared to buying a single family home in Maine. Under Maine real estate law, a condominium owner owns the defined unit exclusively, then they own the land and the limited common elements as tenants in common. The following video highlights some considerations for Maine home buyers considering a condo purchase. Buyers should be aware and comfortable with the following elements: Definition of unit … [Read More...]
Is the cart before the horse?
When you're starting something new, getting started is often the hardest part. This applies to looking for a new job, training for an event, or planning a trip. It also applies to starting a Maine real estate search. I recently realized that the last few first time home buyers have contacted me after getting pre-qualified for their financing with a local lender. This may or may not seem significant to many, but it is a major shift in how home buyers have started … [Read More...]
