Categories: General
      Date: Dec  1, 2009
     Title: MAINE REAL ESTATE SALES UP 39 PERCENT!
 The Market is improving!  For a fifth consecutive month, sales of single family

existing homes increased dramatically in the state of Maine. Realtors sold 1,247 homes

across Maine’s 16 counties – a jump of 39.02 ...........



 

 a jump of 39.02 percent since last October. According to the Maine Real Estate Information System, the median sales price dipped 3.51 percent in the past 12 months to $165,000. The median sales price indicates that half of the homes sold for moreand half sold for less.

The National Association of Realtors today reports a nationwide home sales increase of 21.4 percent since October 2008. The national median existing sales price of $173,100 reflects a dip of 6.8 percent. In the regional Northeast, sales rose 27.7 percent. The regional median sales price declined 2.6 percent to $235,400.

REALTOR Sharon Millett of Coldwell Banker Millett Realty in Auburn says, “It's veryencouraging to see strong continued growth in sales for the past five months in Maine. Buyers are responding positively to the first time homebuyer tax credit of $8,000 and now that it has just been expanded to $6,500 for all buyers, we expect this trend to continue and grow.”

With the current uptick in activity, Millett says, “Buyers really want to find a home now,which makes it the perfect time for sellers to list their property for sale.”

 

Maine Real Estate Statistics – October 2009 Housing Report—11/23/09—

OCTOBER ONLY CHART

October 1-31, 2008 – October 1-31, 2009

County # Units Sold # Units Sold % MSP MSP %

2008 2009 Change 2008 2009 Change

STATEWIDE 897 1247 39.02% $171,000 $165,000 -3.51%

ROLLING QUARTER CHART

From August 1, 2008 – October 31, 2008 and

August 1, 2009 – October 31, 2009

County # Units Sold # Units Sold % MSP MSP %

2008 2009 Change 2008 2009 Change

STATEWIDE 2780 3436 23.60% $176,000 $165,000 -6.25%

Androscoggin 197 257 30.46% $144,000 $138,000 -4.17%

Aroostook 100 120 20.00% $97,800 $91,250 -6.70%

Cumberland 628 852 35.67% $230,750 $215,700 -6.52%

Franklin 70 73 4.29% $122,500 $124,500 1.63%

Hancock 121 141 16.53% $235,000 $170,000 -27.66%

Kennebec 286 318 11.19% $136,000 $130,000 -4.41%

Knox 91 112 23.08% $165,000 $187,500 13.64%

Lincoln 86 95 10.47% $197,450 $183,000 -7.32%

Oxford 128 151 17.97% $146,000 $135,000 -7.53%

Penobscot 289 371 28.37% $137,900 $128,400 -6.89%

Piscataquis 45 45 0.00% $108,000 $75,000 -30.56%

Sagadahoc 65 101 55.38% $182,000 $169,900 -6.65%

Somerset 99 117 18.18% $120,000 $101,700 -15.25%

Waldo 94 92 -2.13% $163,000 $151,000 -7.36%

Washington 18 20 11.11% $61,220 $129,500 111.53%

York 463 571 23.33% $219,900 $189,000 -14.05%

Source: Maine Real Estate Information System, Inc. Note: MREIS, a subsidiary of the Maine Association of

REALTORS, is a statewide Multiple Listing Service with over 4,600 licensees inputting active and sold property

listing data. Statistics reflect properties reported as sold in the System within the time periods indicated.

Contacts: Sheryl Gregory (Homestead Realty, Winthrop)—377.2223—gregory@ctel.net; Maine Association of

REALTORS President Rita Yarnold (Bay Realty Associates, Portland)—775.3838—cbayreal1@maine.rr.com. For

more names:

 

 

 

Cindy@MaineRealtors.com.

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