Old Orchard Beach Real Estate
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For over 100 years Old Orchard Beach has remained high on the list of most popular summer resorts on the East Coast. With its seven miles of fine sand beaches, seaside amusement park, family and fine dining restaurants, numerous lodging options (including hotels, motels, bed & breakfasts and family campgrounds), and 396 foot pier boasting over 20 shops and boutiques, Old Orchard Beach continues to attract tourists from all over the United States, Canada and abroad.
Located just south of Scarborough Old Orchard Beach starts at Pine Point Beach in Scarborough, and ends at Camp Ellis where the Saco River flows into the Atlantic Ocean. Old Orchard Beach’s 9,000 residents enjoy a friendly small town atmosphere and the convenience of municipal services normally associated with larger cities.
Beachfront Community
The cities of Biddeford, Saco and Scarborough are immediate neighbors, offering a variety of services and shopping. The Southern Maine Medical Center in Biddeford provides quality medical care for the region. In nearby Prout's Neck is the Winslow Homer studio where the artist worked at the turn of the century.
New England's largest salt marsh is off Route 9 in nearby Scarborough providing guided walks and canoe tours. A few miles north is Portland, Maine's largest city, with a full array of stores, shops, and dozens of galleries and restaurants. The Old Port is a showcase for artists, musicians, actors and craftsmen, and its waterfront has bloomed into a business and shopping destination.
Old Orchard Beach is part of the RUS 23 school system, which includes Saco and Dayton. Annual expenditures per student are $7,270 compared to a national average of $5,691. The student/teacher ratio is 11.5.
Old Orchard Beach Real Estate
Unlike most communities in Maine, condo sales in Old Orchard Beach historically represent over 50% of all real estate sales annually and 2018 was no exception. While 2014 was the first time that single family homes exceeded 100, 2018 floated around the previous few years with 121 properties sold. Condo sales ended the year at 128, a decrease of 14.1%.
Since 2014, single family prices have been steadily on the rise in Old Orchard Beach, but 2018 had a very minimal decrease, going from 122 in 2017 down to 121. However, the median days on market increased, moving from 21 to 33 days. Combined, this could mean a slowing of the market in this area.
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2020 Sales - YTD Results Through December
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Prop
Type |
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Median Prices YTD
2020 | 2019
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Unit Sales YTD
2020 | 2019
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% of
List Price
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DOM |
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Homes |
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$330,000 |
$321,200 |
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127 |
100 |
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100% |
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12 |
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Condos |
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$258,500 |
$265,000 |
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154 |
147 |
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100.82% |
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10 |
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All housing data has been compiled from research by Maine Home Connection using information from the Maine Real Estate Information System (MREIS)
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Both number of condo sales and pricing decreased in 2018. Condo sales decreased by 14.1% in 2018 and median pricing of $192,750 represented a decreaseof just 5.5%. The DOM for condos remained the same in 2018 as 2017, staying at 19 days.
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| Old Orchard Beach Sales |
| Year |
Units |
Price |
| 2019 |
100 |
$321,200 |
| 2018 |
121 |
$295,000 |
| 2017 |
124 |
$277,500 |
| 2016 |
128 |
$242,000 |
| 2015 |
114 |
$236,000 |
| 2014 |
106 |
$198,500 |
| 2013 |
90 |
$212,450 |
| 2012 |
65 |
$165,000 |
| 2011 |
61 |
$174,900 |
| 2010 |
75 |
$170,000 |
| 2009 |
66 |
$175,000 |
| 2008 |
53 |
$206,000 |
| 2007 |
65 |
$220,000 |
| 2006 |
65 |
$197,500 |
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Active vs Pending Listings
Residential
Months of Inventory
Residential
Old Orchard Beach
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