Scarborough Maine Real Estate | Recent Home Sales and Prices
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Scarborough Maine Market Report

Home Sales Statistics & Results -  2018 vs 2017 Update

Scarborough offers a wide range of real estate options. There are areas along the ocean (Pine Point), many larger subdivisions within close proximity to the local business districts and a generous selection of existing homes that offer larger rural lots that are often surrounded by trees.  There are also many opportunities for new construction.

Single family homes sales of 350 achieved a third consecutive annual historical high. 

The charts below include up-to-date 2018 monthly sales and a review of the complete years 2017 and 2016 for all types of properties. s. 

 

2018 Sales: YTD Results Through October

 
Prop
Type

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

% of
List Price

DOM
         
 Homes $404,531$402,750 309
294 101.16%
 11
 Condos $275,000$225,000 36
45
  103.99% 6
           
All housing data has been compiled from research by Maine Home Connection using information from the Maine Real Estate Information System (MREIS). 
 

 

2017 Scarborough Real Estate Sales & Prices

 
Prop
Type

# of
Units

Sold Price
Median     |     Average

Days on Mkt
Med  |  Avg
 % of
List
 $/Sq Foot
           
 Homes 350
 $401,250$447,564 21
48 99.2 $215
 Condos 59
 $245,000$270,935 1790 100.0
 $218
 Multi 2
 $471,250$471,250 4747
 95.0
 $314
 Land 26
 $113,500$135,554 19
62
 96.1 NA

Demand in Scarborough increased in 2017 as seen in both the home prices jumping 8.74% and (DOM) median days on the market decreased 39.13%. However, demand for Luxury homes decreased as houses priced above 1,000,000 remained on the market 136 days, a 40.21% increase.

Sales for properties at that price point also decreased by 2 sales from 2016, for a total of 10 sales in 2017.

 

2016 Scarborough Real Estate Sales & Prices

 
Prop
Type

# of
Units

Sold Price
Median     |     Average

Days on Mkt
Med  |  Avg
 % of
List
 $/Sq Foot
           

 Homes 348 $369,070$415,250 2459 97.8 $201
 Condos 49 $302,000$380,924 2581
 100.0
 $213
 Multi 2 $460,000$460,000 193193 83.3 $230
 Land 21 $119,000$137,852 119337 88.1 

Statewide Results:

Maine home sales set a new sales record in 2017 as 17,796 single family homes were sold, yet this was only an increase of .88% from 2016. Sales volume has increased since 2011. While last year it was sales in both Cumberland and York counties that established new records, up 2.5% and 11.2% respectively, this year Franklin had the largest percentage increase with 16.84% more home sales. 

However, it was Kennebec county that had the largest unit increase of home sales, growing from 1,457 in 2016 to 1,545 in 2017, an increase of 88 sales. Overall, sales were up in 10 of Maine’s 16 counties. 

The median single-family price of $200,000 represented a 5.32% increase over 2016 and was at its highest year-end level since 2007, when $194,000 was achieved. The highest single month was August at $206,745. Between 2007 and 2011 median prices declined each year, reaching their lowest level in 2011 at $165,000.  From 2012 onward, pricing has increased each year, with the exception of 2014.

 
Scarborough Sales History
YearUnitsPrice
2017
350    $401,250
2016348$369,000 
2015339$365,000 
2014292$334,138 
2013297$337,700 
2012216$311,000
2011196$329,450
2010197$319,000
2009192$312,500
2008178$327,575
2007222$333,750
2006228$357,485
2005246$323,750
   

Scarborough Home Sales

Scarborough Sales-2017

Scarborough Prices-2017


2017 Report
Download Market Repot

2016 Market Report



 

 



 
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