Maine Home Connection
Home Home About Us About Us Contact Us Contact Us
MHC MHC MHC MHC MHC MHC
Buyers Sellers Stats Maine Blog Properties
Explore Communities
Search All Properties
Weekly Open House
Local Lifestyle Videos
Your Home's Value
Waterfront Real Estate
Relocation Services
Featured Listings
Home Finance & Mortgage
Retirement in Maine
Real Estate Investing
Featured Properties
Enter a keyword to search the site

Features & Services
  
Your Home's Value
My Home's Value:
Receive a Report of  Your Home's Value 
New ConstructionNew Construction: 
Guidelines, Builders, Green Homes
Your Home's ValueMarket Conditions:
Current Home Sales Reports & Statistics 
Sold PropertiesSold Data:
View All Recent Home Sales History
Left-MarketingHome Marketing:
Maximum Exposure© Home Marketing 
  
...Manage Your Account
  
Login
Existing Users:
Login with your email address only
Existing UsersNew Users: 
Simple signup to view   all Maine properties.
Contact Us
Contact Us:  
Call or email us with your questions.
  
Newsletter Signup
Join Our Blog

Monthly Maine Real Estate Update

Selected Communities: October2017 YTD

While national numbers are not year available for October, sales of single family homes in Maine were 6.8% higher in October of this year compared to the same month of 2016 - representing the third consecutive month of improved sales performance.  Following a somewhat weaker first half of the year, the real estate market has rebounded and at this point YTD sales in 2017 lag behind the record level of 2016 by less than a half of a percent. 

Sales in Cumberland County, following two months of improvement, declined slightly in October, as sales of 377 properties represented a decrease of 1.3% from prior year.  Cumberland County appears to be a bit of an exception, as York County experienced an increase in October 2017 vs 2016 of 8.9%.

Along these same lines, in contrast to the statewide results, year over year sales in Cumberland County are down nearly 5 and a half percent – with virtually every community we track behind last year.  Many people we talk to find this surprising – especially given all the local development, most notably in the city of Portland.

Condo sales in Portland are up considerably this year, reflecting an increase of 14%.  Not surprisingly higher price units are up substantially.  Condos valued at $500,000 have increased from 21 sales in 2016 to 53 in 2017.  The median selling price of these units is at $630,000.

The Maine median selling price declined slightly in October from September – but still is considerably ahead of prior year – continuing a yearlong trend.

Download Reports:

  Download Monthly Infographic - Cumberland County Overview
  Download Selected Towns - Southern Maine YTD Sales by Town

Year-to- Date -  Maine – and Cumberland and York Counties, are all significantly ahead of 2016.  Again, like sales volume, there is great consistency among all the towns in the greater Portland area, with most communities reflecting double-digit growth over last year.  

It is important to note, however, in any given month the mix of homes sold has a great impact on the median selling price – and YTD comparisons provide a more realistic of actual market strength. 

On our website, MHC.com, we update sales results each month – and reports are available for download.  Additionally, you can also search for sold properties for the last three years … which can be very helpful if you are thinking of selling soon – or better yet give us a call and we can discuss the market in more detail and how it could impact your decision.

Until next time. I’m LJS…I invite you to image more

Thinking of Buying or Selling?

If you are considering selling in the near future, now is clearly the time to put you home on the market – and of course, we are the company to call......…..

As Ben Franklin once said: Well done is better than well said.   Until next time…..Imagine More!

October Home Sales 2017

 



Find Homes
Maine's Most Comprehensive Property Search
 
Property Type

More Search Options

 



 
Buying Your Home Heart and Mind Buyer Agency
Exclusive Services Agency Relationships Title Insurance
Home Buying Process Advice and Strategy
Affect of the Economy Determining A Price First Time Buyers Viewing Homes Second Homes Home Search Strategy Waterfront Real Estate
Common Forms
Selling Your Home Your Home's Value Home Marketing
Digital Photography High Definition Video Property Storyboard Virtual Staging Internet Marketing
Pricing Factors Advice and Strategy
Counteroffers Establishing a Price Listing Agreements Feng Shui Principles Considering Repairs Value of Improvement Choosing A Realtor Common Mistakes
Home Selling Process
Stats
Maine Maine History Maine Geography Maine Economy Maine Demographics Maine Education Maine Climate Maine Beaches
Maine Real Estate Blog
Search for Properties Hyper Local Search Preset Local Searches
Maine Communities Portland South Portland Scarborough Falmouth Cape Elizabeth Cumberland Yarmouth Old Orchard Beach Freeport Harpswell
Search For Homes Maine Map Search Detailed Property Search Search By Address Search By MLS Number
Open House
Local Lifestyle Videos
Home Valuation
Waterfront Real Estate Coastal Maine
Maine Coastal Properties
Maine Lakes
Maine Lake Properties
Maine Rivers Casco Bay Islands
Peaks Island Chebeague Island Great Diamond Island Long Island Cliff Island Cushing Island
Waterfront - FAQ's
Relocation Services Relocation Package Area Digital E-Guide Maine Counties Quality of Life Education and Schools Art and Culture Property Tax Rates Common Relocation FAQs Moving Long Distance
Mortgage Center Mortgage Types Credit Scoring Fee & Closing Costs Mortgage FAQs Tax Credit
Retirement in Maine Retirement Planning Retirement Communities Changing Demographics
Real Estate Investing Vacation Homes 1031 Tax Exchanges Condos and Townhomes Remodeling: Cost vs Value