John's Guide to Greater Portland Maine Real Estate

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For the year as a whole, home sales in Maine fell by 20.9%. Per MREIS, (Maine Real Estate Informaton System) 9,502 homes sold in 2008 compared to 12,014 in 2007. The median sales price was down 7.22% to 180K.  2008.  The entire release can be seen at These numbers are simili...
The Maine waterfront real estate market has been hit much harder than the general Maine real estate market.  Compiling some statistics for the greater Portland and lower mid coastal regions of the state the date shows almost a 30% drop in transaction volume and 15% in pricing for waterfront homes...
I generally do not sign up for the myriad of offers I get emails on to grow my real esate business, but for some reason I did find myself giving my name and email to a real estate marketer, in exchange for a report presented by the Keller Center at Baylor University. It sent out a survey to 50,00...
The real estate markets in Brunswick Maine have held up surprisingly well given the economic, financial and housing downturn. The average sold price in 2008 for a residential home was 259K...down from 276K in 2007 representing a 6% decrease in value vs a mid coastal Maine housing average of appro...
For the year ending 2008, the mid coastal waterfront Maine real estate county of Lincoln saw 330 transactions transpire in 2008 vs 405 in 2007, down approximately 18% and off about 3% from the peak of 497 seen in 2005. As far as pricing goes...on average numbers were down only 4% as the average s...
Sagadahac County, a mid coastal Maine community  saw 289 transactions transpire at an average price of 205K after sitting on the market for 134 days.  Contrasting with 394 transactions at an average price of 230K in 2007 and one can see how slow things are.  These numbers represent a transaction ...
Cumberland County, home of Portland Maine saw 3060 residential transactions occur in 2008 vs 3703 in 2007, a drop of 17% in volume. The average sold price was down 9% to 275K from 302K in 2007. Historically the the pricing is right where Cumberland was in 2004, but the transaction volume is the l...
For the year ending 2008, the large southern Maine real estate county of York saw 2009 transactions transpire in 2008 vs 2550 in 2007, down approximately 20% and off about 45% from the peak of 3563 seen in 2004.  As far as pricing goes, on average numbers were down about 11% as the average sold p...
In 2008 the following the 4 counties in southern and mid coastal maine saw on average a 10% drop in average prices and a 20% plus drop in transaction volume.  Coastal Maine real estate was perhaps hit the hardest as the 2nd home and waterfront property market pretty much dried out.  The first tim...
Harpswell Maine real estate had a slow December with 3 transactions taking place at an average sold price of 140K compared with 5 transactions a year. Pricing is very low for this waterfront real estate community given the lack of buyer interest in high end pricing. The current Harpswell resident...

John Herrigel

Portland, ME - Real Estate
local_phone(207) 619-7571
smartphone(207) 650-5383
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