Yarmouth Maine Real EstateCommunity Profile
Yarmouth, Maine is located 11 miles northeast of Portland and offers some of the most enjoyable and beautiful city parks and boating in Southern Maine. The Cousins River separates a portion of Yarmouth from Freeport and the Royal River flows through the center of the Town. Quintesential New England  Yarmouth is exactly how you picture a quaint New England town to be. With a population of 9,000 residents and an area covering 18 square miles, it maintains a village atmosphere. It's downtown area is highlighted by grand Victorian style homes, small boutiques, and a selection of unique shops and local businesses.
Close to the village you will also find quiet residential neighborhoods and recreational opportunities provided by the Royal River, Cousins River, and Casco Bay. The Royal River Park runs alongside the town's Royal River, offering a scenic setting for residents in Yarmouth's downtown area. Travel along walkways to picnic areas and to an outdoor concert pavilion. The area offers bicyclists and pedestrians a scenic route to and from the town's commerce center. Educational Excellence Yarmouth boasts one of the best high schools in the country. Yarmouth High School was named #297 in the 1,000 Best High Schools in the United States by Newsweek in 2005 and #289 in 2006 and among the top 10 in New England in 2007. Yarmouth is also the home of North Yarmouth Academy, a private college preparatory school. Casual Lifestyle Yarmouth is sought out by many retirees who have chosen a small town lifestyle while at the same time enjoying the fine restaurants, theaters, boating, and shops in the Greater Portland area. Come and browse Yarmouth’s real estate and make Yarmouth your home. July the Yarmouth Chamber of Commerce hosts what is one of the best and largest family festivals in the state, the Yarmouth Clam Festival. The event brings tourists and residents alike to enjoy and celebrate a downeast flavor. Southern Maine Resources and Features | | Our Quality of Life Reports include detailed neighborhood and town statistics on local demographics, the environment, cost of living, wealth distribution, finance and income and crime. You can also access Educational information highlighted by town, school district and individual schools. | | | | |  | | Maine is a large and beautiful state. Our report, A Quick Tour of Maine includes a brief summary of Maine from its most northern and remote parts all the way to Southern Maine, the business and residential hub of the state. Reprinted with permission from Downeast Magazine, you can also download a copy. | | | | |  | | Home Market Sales & Statistics are available for YTD 2007, 2006, 2005 and 2004. If you do not see results from the particular town or city you are interested in, we can prepare any custom report you might need. | | | | |
Yarmouth Real Estate Sales
Continuing along the Maine coast, Yarmouth offers many residential housing options. Sales of single family homes in 2011, like many communities in southern Maine, were below 2010. 82 home sales represented a 9.8% decline. The median sales price of $329,000 reflected a healthy increase of 20.9% over 2010.
Condo sales represented 17% of the 2011 Yarmouth real estate market. Unit sales of 19 were 46.1% better than the previous year. Multi-family properties and land make up a very small percentage of the market each year and statistics on sales can be somewhat misleading.
2011 vs 2010 Sales Comparison | | |
Prop
Type |
| Median Selling Prices
2011 | 2010 | | Unit Sales
2011 | 2010 |
| Prices
% Chg |
| Units
% Chg | | | | | | | | | | |
| Homes | | $329,000 | $272,000 | | 82 | 91 | | 20.9 | | (9.8) | | Condo | | $221,000 | $266,500 | | 19 | 13 | | (20.6) | | 46.1 | | Multi | | $125,000 | $300,000 | | 3 | 2 | | 50.0 | | (58.3) | | Land | | $168,684 | $440,000 | | 6 | 4 | | 50.0 | | (61.6) | | | | | | | | | | | | |
|
The chart below compares real estate sales for the most recent three month period compared to a similar time period a year earlier. As illustrated, recent sales of single family homes are below levls of the previous period and pricing is also lower. | | 2012 vs 2011 Sales - 3 Month Rolling Avg (Nov-Jan) | | |
Prop
Type |
| Median Prices 3 Mos
2011 | 2010 | | Unit Sales 3 Mos
2011 | 2010 |
| Current
Inventory |
| Inv
Weeks | | | | | | | | | | |
| Homes | | $441,000 | $335,000 | | 16 | 16 | | 43 | | 34.9 | | Condo | | $199,900 | $197,250 | | 5 | 4 | | 6 | | 15.8 |
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The Yarmouth real estate market, like all markets across the country, is affected by many factors. It is a relatively small market and often month-to-month results yield wide fluctuations. Reviewing sales data on a three-month rolling average attempts to moderate the affects of seasonality, cyclicality and macroeconomics.
Sales during this three month period remain strong and consistent with the prior year. Although lower than some of the neighboring communities, there is considerable single family inventory available. |
