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Cape Elizabeth, ME Real Estate News

By John Herrigel, Portland, ME - Real Estate
(The Herrigel-Kennedy Group - Portside Real Estate)
 Cape Elizabeth Maine real estate had a slow January with only 3 transactions taking place at an average sold price of 378K compared with 4 transactions a year prior, 9  in November and 5 in December of 2008. Pricing is erractic given the small sample size of residential units as the average sold price a year ago was 280K and last month was 538K The inventory of property remained constant at about 75 units for sale.   To get more information on this Southern Maine real estate market please visit www.mymaineproperty.com, contact me directly at 207-650-5383 or via email at john@greentreemaine.com
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By John Herrigel, Portland, ME - Real Estate
(The Herrigel-Kennedy Group - Portside Real Estate)
For the year ending 2008, the Cape Elizabeth Maine real estate market saw 108 transactions transpire at an average price of 428K, well over the median price of 330K given the large quanity of high priced Maine waterfront real estate in the community.  Comparing 2008 to 2007 and earlier, both transaction levels and pricing are down.  n 2007 149 transactions occured and thus a volume drop of nearly 33% can be seen and relative to the peak of 186 in 2004, volumes are down 80+%.  Pricing took a 5% hit relative to 2007 and relative to 2006, prices are down approximately 18%.  For more housing analysis on this and other Southern Maine communties please visit www.mymaineproperty.com Thanks for Reading, John Herrigel Maine Buyers Agent  
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By John Herrigel, Portland, ME - Real Estate
(The Herrigel-Kennedy Group - Portside Real Estate)
 For the month ending 2008, Cape Elizabeth real estate saw 9 single family and condo transactions occur at an average price of 459K after sitting on the market for 101 days. In November 2007 transactions were the same with 9 occurring but with an average price of 520K representing a price decrease of approximately 12% year over year. Thanks for reading about Cape Elizabeth Maine real estate, a wonderful southern Maine community to call home. For more information please visit my website www.mymaineproperty.com
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