Mid-Coastal Maine Real Estate by ouu17680

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									                       All county wide housing data has been compiled from the Maine Association of Realtors.

                                              Disclaimer for all non-county housing data:

 “Based on information from the Maine Real Estate Information System, Inc. for the period (2008) through (2009). Provided by an individual
user of MREIS. MREIS has not reviewed the contents and does not make any representations, warranties or guarantees regarding the accuracy,
                               timeliness or completeness of any statistical information and data provided.”


                       The Maine Real Estate Newsletter – Volume 4.1 - John Herrigel
                                                          Mission
                                        “To Educate and Elaborate on this Great State”
Table of Contents
1. Housing Statistics: 2008 Year End Review
2. Commentary: 2006-2008 Housing Analysis
3. Featured…..

"You have freedom of choice, but not freedom from choice."

Housing Statistics:




Commentary: 2006 – 2008 Housing Analysis
2008 was a slow year. The southern Maine market lost about 7-10% of its value on average from a year prior.
Transactions volume drops accelerated in 2008 with an average 1 year drop of 20-25% seen in all 4 counties followed.
The days on market continued a 5 year long trend of gradual increases that accelerated significantly in 2008 with the
average time for a home on the market in southern Maine topping 100 days and closer to 150 in the lower mid coastal
regions. Inventory levels have not increased significantly in York or Cumberland counties, but did inch upward more
modestly in Sagadahoc and Lincoln. The first time home buyer market remains the strongest overall and the 2nd home
market is the weakest having all but dried up. Look for improving conditions in 2009 if interest rates remain low and
the new presidential team can instill confidence in the financial markets.

Featured…
Maine Company: The United Way
Helping people in so many ways, visit your local chapter and volunteer today.
Greater Portland: www.unitedwaygp.org
Mid Coast: www.uwmcm.org
Mid Maine: www.unitedwaymidme.org
Eastern Maine: www.unitedwayem.org


Sites to Visit: www.MyMaineProperty.com
My real estate site and featured this time only because of the newly added yearly housing statistics on individual
communities. Enjoy!

Restaurant: Beal Street BBQ, Bath
A top spot in the mid coast region of Maine. Affordable, tasty southern style BBQ with a New England flair. Be sure
to try their homemade BBQ sauce. www.mainebbq.com

Quotable Quotes: “The only way to deal with the future is to function efficiently in the Now”
All information contained herein is deemed accurate when facts are stated. All opinions are that of the author. We
                          apologize for any inaccuracies, offenses or misrepresentations
 If you know of any interested party who would like to receive this newsletter, please have them send an email to
                                         jherrigel@greentreemaine.com


                                              Thanks for reading.
                                           Next Issue: Mid February
                                         www.MyMaineProperty.com
                                         www.MainePropertyBlog.com
                    **All housing data has been derived from the Maine IDX MREIS System

								
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