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Old Orchard Beach Real Estate

Search for Homes & Condos for Sale | Community Profile

For over 100 years Old Orchard Beach has remained high on the list of most popular summer resorts on the East Coast. With its seven miles of fine sand beaches, seaside amusement park, family and fine dining restaurants, numerous lodging options (including hotels, motels, bed & breakfasts and family campgrounds), and 396 foot pier boasting over 20 shops and boutiques, Old Orchard Beach continues to attract tourists from all over the United States, Canada and abroad.

Old Orchard Beach, Maine

Located just south of Scarborough Old Orchard Beach starts at Pine Point Beach in Scarborough, and ends at Camp Ellis where the Saco River flows into the Atlantic Ocean. Old Orchard Beach’s 9,000 residents enjoy a friendly small town atmosphere and the convenience of municipal services normally associated with larger cities.

Beachfront Community 


The cities of Biddeford, Saco and Scarborough are immediate neighbors, offering a variety of services and shopping. The Southern Maine Medical Center in Biddeford provides quality medical care for the region. In nearby Prout's Neck is the Winslow Homer studio where the artist worked at the turn of the century.

New England's largest salt marsh is off Route 9 in nearby Scarborough providing guided walks and canoe tours. A few miles north is Portland, Maine's largest city, with a full array of stores, shops, and dozens of galleries and restaurants. The Old Port is a showcase for artists, musicians, actors and craftsmen, and its waterfront has bloomed into a business and shopping destination.

Old Orchard Beach is part of the RUS 23 school system, which includes Saco and Dayton.  Annual expenditures per student are $7,270 compared to a national average of $5,691.  The student/teacher ratio is 11.5.

Old Orchard Beach Real Estate

Unlike most communities in Maine, condo sales in Old Orchard Beach historically represent over 50% of all real estate sales annually and 2017 was no exception.  While 2014 was the first time that single family homes exceeded 100, 2017 floated around the previous few years with 124 properties sold.  Condo sales ended the year at 147, just a gain of 1 from 2016.

Since 2014, single family prices have been steadily on the rise in Old Orchard Beach, hitting a record high of $277,500 which is a 14.67 increase from last year, and a 39.45% increase from 2014. Inventory in many ways limited sales growth, as evidenced by the short time properties were on the market.  At 15 days, single family homes were selling quickly.

  
 

2018 Sales - YTD Results Through August

  
 Prop
Type

Median Prices YTD
2018       |       2017
 Unit Sales YTD
2018  |  2017

% of
List Price

DOM
          
  Homes $285,000$259,728 83
68
  98.31% 33
  Condos $181,500$190,000 86
99   95.58% 24
            
 

All housing data has been compiled from research by Maine Home Connection using information from the Maine Real Estate Information System (MREIS) 


Both number of condo sales and pricing increased minimally in 2017. Condo sales increased by just one unit in 2017 and median pricing of $210,000 represented an increase of just .44%.  The DOM for condos in 2016 was 19 days, which was a staggering 51.28% decrease.

Old Orchard Beach is all about the ocean and the beach and many condos include a view of this great feature.  In 2016 there were 43 condo sales with ocean views vs 35 in 2016.  Pricing for these properties decreased from $340,000 to $337,500.
 
Old Orchard Beach Sales
YearUnitsPrice
2017124  $277,500
2016128
$242,000
2015114
$236,000
2014106
$198,500
2013
90$212,450
201265
$165,000
201161
$174,900
201075$170,000
200966
$175,000
200853
$206,000
200765
$220,000
200665
$197,500
200570
$220,500
   

Single Famliy Homes

OOB Units-2017

OOB Prices - 2017


2017 Market Report
Download Results

2016 Market Report


Old Orchard Beach
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