Oct
14
South Portland ME 3rd Quarter Housing Update
Posted by herrigelgroup under For Buyers, South Portland
In South Portland Maine the residential real estate market saw 81 homes and condos sold at a median sales price of 191K during the 3rd quarter. This represents a volume increase of 23% compared with the 2010 3rd quarter. The average sales price was down 6% compared with a year prior. In general, through the greater Portland area volume has been up compared to last year at this time. Stable pricing and list to sales ratio coming in around 96%, indicate that a fair market value priced home will sell.
If you are interested in learning more about South Portland check out local events with the city of South Portland webpage. This South Portland housing update was compiled by John Herrigel, a local ME real estate broker with the Herrigel Group. For more info on the greater Portland area and South Portland real estate listings in neighborhoods like Willard Beach South Portland contact John directly at 207-650-5383 or via email at johnherrigel@gmail.com
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Sep
19
South Portland Maine September 2011 Housing Update
Posted by herrigelgroup under For Buyers, Marketing Reports, South Portland
The residential real estate markets in South Portland Maine saw a drop in sales – 21% year over year and 44% month over month for August 2011. At a median price point of 181K, home prices have decreased by 9% year over year. For the greater Portland area as a whole, volume has remained stable and lower prices have encouraged sales through the summer months.
With the start of autumn just around the corner, it is back to school season. Visit the South Portland Music Boosters website to learn about supporting music education for South Portland kids.
This housing update has been compiled by John Herrigel a local Maine real estate broker with the Herrigel Group “ www.mymaineproperty.com For more info about homes for sale in Maine and listings in great South Portland neighborhoods contact John by email at johnherrigel@gmail.com or by phone at 207-650-5383
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Jun
15
South Portland Maine June 2011 Housing Report
Posted by herrigelgroup under For Buyers, Marketing Reports, South Portland
The residential real estate markets in South Portland ME had a greatly improved showing in May 2011 with 27 transactions up from 11 in April. This is still much lower than last year™s 43 May sales, although last year™s first time home buyer tax credit was a factor in inflating the number of transactions in 2010 by artificially improving the market. Average prices have increased to 216K compared with 199K for the same time period in 2010, a 9% price gain, year over year. Home inventory is continuing to grow, from 124 houses and condos on the market in May to 166 beginning in June.
Visit the South Portland Public Library to learn more about South Portland. Summer reading programs for adults and kids begin soon. For more information on South Portland Maine real estate please reach out directly to John Herrigel, a local Maine broker with the Herrigel Group who can be reached at 207-650-5383 or via email at johnherrigel@gmail.com
