Cumberland Maine Real EstateCommunity ProfileCumberland is located just 15 minutes north of Portland. This suburb of Portland is one of the fast growing communities of Cumberland County.
 Cumberland stretches from the coast of Casco Bay to the rolling inland hills made up of apple orchards, small family farms, pastures and horse land. Cumberland offers an easy commute to most major area employers, shopping and medical services yet provides a relaxed small-town atmosphere. Located just off the coast in Casco Bay is the charming island of Great Chebeague. This island was a part of the town of Cumberland until July 1, 2007, when it formed its own local government. Educational ExcellenceCumberland boasts an outstanding school system which is known to excel in both academics and athletics. As part of MSAD 51, local schools include Wilson kindergarden, North Yarmouth and Drowne Rd elementary and Greely middle and high schools. Cumberland's school budget is $6,517 per student compared to an national average of $5,691. The student/teacher ratio is 12.3. Cumberland Real Estate Sales
Cumberland real estate is unique in that it varies dramatically from the Cumberland Foreside with its coastal waterfront homes on Casco Bay, to its suburban neighborhoods and pastoral mini-estates to the west. Cumberland retains its rich farming history through the Cumberland Fair, one of the state's larger agricultural fairs, which has been held yearly in since 1868. A quick glance at properties for sale in Cumberland will reveal that the town has a wide variety of single family homes available, including some very expensive and exclusive properties. Compared to other parts of southern Maine Cumberland offers some very compellingly competitive prices for ocean front and ocean view homes.
Cumberland home sales have increased every year since 2009, and in 2012 reached 105 - the highest leve since 2005. The median price of $336,000 improved dramtically over 2011, representing an increase of 12%. Condo sales are an overall small part of the Cumberland real estate market.
| | 2012 Cumberland Real Estate Sales & Prices | | |
Prop
Type |
| # of
Units |
| Sold Price
Median | Average |
| Days on Mkt
Med | Avg | | % of
List | | %
Total | | | | | | | | | | | | |
| Homes | | 105
| | $336,000 | $352,194 | | 61 | 108
| | 96.3 | | 70.8
| | Condos | | 10
| | $371,475 | $349,690 | | 128
| 119 | | 96.7 | | 6.7
| | Multi | | 2 | | $151,764 | $151,763 | | 11 | 11 | | 80.1 | | 1.3
| | Land | | 33 | | $82,000 | $104,936 | | 6 | 121 | | 100.0 | | 22.0
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Across the state of Maine single family home sales were up 16.3% in 2012 versus 2011. Pricing also was up 3%, reflecting a trend of stabilization to slight improvement. Cumberland County sales volume improved 18.5% while pricing was essentially flat (.04% increase).
Cumberland is one of the most desirable locations in the greater Portland area. Located on Casco Bay, the town offers great access to the Maine coastline. While the town itself is small, its proximity to Portland, Falmouth, and Yarmouth means its residents can enjoy their close-knit community yet still be within a short drive of larger city amenities.
2013 Compared to 2012 - YTD Sales ResultsThe Cumberland real estate market, like all markets across the country, is affected by many factors. It is a relatively small market, yet one of the higher-priced markets in Southern Maine. As a result, often month-to-month results yield wide fluctuations. Reviewing sales data on a YTD comparion attempts to moderate the affects of seasonality, cyclicality, unusual high-end sales and macroeconomics. | | 2013 vs 2012 Sales - YTD Results Through April | | |
Prop
Type |
| Median Prices YTD
2013 | 2012 | | Unit Sales YTD
2013 | 2012 |
| Current
Inventory |
| %
U/C
| | | | | | | | | | |
| Homes | | $315,000 | $299,750 | | 35 | 14
| | 78 | | 53.8 | | Condo | | $250,000 | $425,000 | | 1
| 1 | | 9
| | 0
| | | | | | | | | | | | | All housing data has been compiled from research by Maine Home Connection using information from the Maine Real Estate Information System (MREIS).
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Geo-Spatial Lifestyle Search
 Our new Lifestyle Search allows you to get a first hand look at all that Cumberland has to offer.
This interactive geo-spatial map allows you to see, in real-time, all the available local amenties. You can locate and plot on the map schools, zip codes, communities, neighborhoods, restaurants, churches, gyms, shopping and just about anything! – and identify distances to homes you are interested in. Very soon we will be adding homes for sale to this map.
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