Maine real estate news and housing statistics

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Bath Maine Housing Statistics released
2007-07-17 16:15:00
Having enjoyed putting together the housing statistics on Portland Maine, here are some current statistics on the Bath Maine real estate markets.  To date there are 120 or so properties on the market, with all but 15 being Single family homes.  There are an additional 32 multi unit properties for sale right now as well.  ...
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Maine Business rankings released by Forbes Magazine
2007-07-14 13:59:00
The verdict is in once again, 48th out of 50 on best places to do business. Well at  least it can’t get much worse.  The only states outranking us were Louisiana and West Virgina.  Coming as no big surprise since as 2 years prior we tallied a 46th ranking in the same pole.  Broken down ...
More About: Business , Magazine , Forbes , Released , Lease

Portland Maine Market Report
2007-07-12 04:17:00
As I sat around tonight wondering what I should research in the Southern Maine real estate world, acknowledging that I that I love numbers and that my niche seems to be in compiling housing statistics on I thought why not take some market snapshots for individual towns and then revisit a couple months later to get ...
More About: Market , Report , Portland

Month by Month Transaction Levels expored
2007-07-10 04:24:00
Here is an analysis of the month by month real estate transaction levels for Cumberland, York, Sagadahoc and Lincoln counties in Maine. 2007 Mont h by Month Tran saction Levels ! 2007 2006 ! Jan 407 422 96% Feb 438 454 96% March 533 623 86% April 619 654 95% May 672 816 82% ! 2669 2969 90% After seeing such a significant drop this month, I thought best to view it relative to the rest of this year.  An average drop of 10% for the first ...
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The Eroding Working Waterfront
2007-06-29 21:03:00
 With a coastline of 5,300 miles, how much is left for commercial fishing endeavors? A study a few years back revealed only 20 miles total left with 2/3rds of this being leased land subject to future sales. 2 years ago the state of Maine population overwhelmingly supported a 2 million dollar bond initiative to provide ...
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Maine Newsletter Volume 2.5 released
2007-06-22 14:40:00
As inventory levels continue to escalate throughout the spring season an alarming reduction in transactions levels was seen for the month of May. Total sold transactions for the 4 counties followed in May 2007 was 672 versus 816 in May 2006, an 18% reduction.    The Days on Market for all 4 counties jumped significantly, but ...
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Selling of the Maine Coast
2007-06-18 13:27:00
Reading my morning real estate blog posts sent to me by google, this article here re-reminded me a serious problem we as a state must figure out: access to the working waterfront.  As parties from away continue to move to the state, people like myself sometimes are perhaps to quick to see the dollar signs that ...
More About: Selling , Coast , Maine , The Main

Maine real estate legislature update
2007-06-14 17:17:00
Today the house voted 87 to 49 in favor of passing the controversial tax package. Here is a another good article, and it seems the verdict is still very mixed over what the ultimate outcome of this bill will be, beneficial, extremly harmful to Maine real estate or simply a shifting of the burden from one ...
More About: Estate , Real Estate , Update , Real , Legislature

Maine predatory Lending legislature
2007-06-13 13:40:00
Reading about this on a fellow Maine bloggers website I thought it worthwhile posting on my site as well.  Here is the link to the article.  A brief overview is that it stops two major problems: That of “Equity Stripping” and hybrid loans that start of at low rates and then accelerate quickly forcing the howeowner to ...
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Maine transfer tax update
2007-06-10 15:02:00
As with any legislature compromise I personally believe was found. Here are the proposed changes to the transfer tax that were voted on 11-2 in favor by the taxation committee given that before is was $4.40 per $1000 for all Maine real estate transfers: .6% or $6 per $1,000 for primary residences $200k or under .8% or ...
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Housing stat analysis April 2007 vs April 2004
2007-06-06 13:50:00
Taking my statistics I run for the month and comparing them to the year 2004, I found these results. The level of transactions, not a surprise, were down in all 4 counties with Sagadahoc seeing the largest drop, 34%.   York county had the smallest decrease down 10%.  Price increases were the highest however in coastal Sagadahoc at ...
More About: Analysis , April , Housing , Stat , Anal

The Maine Newsletter May Issue Released
2007-05-31 17:54:00
Inventory, Pricing, Demand Statistics for April show the continued trends of rising inventories yet increasing prices, a quandary for traditional Supply/Demand economics.  Prices were up in 3 out of the 4 counties followed with a 6.7% increase in Cumberland.  The number of properties sold increased in Lincoln and York, remained flat in Sagadahoc but saw a ...
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April Housing Stats released by Association of Realtors
2007-05-26 15:28:00
Maine real estate sale were down 12.2%  in April from a year ago according to the Maine Associatation f Realtors .   Median sales prices increased by 5.9% to $201,00 from $190,000.   For the nation as a whole according to the National Association or Realtors, the median existing single-family home price dipped 0.9% to $220,500 in April. For the Northeast region, sales were down 8.8% ...
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