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Yarmouth Maine Real Estate

Search for Homes & Condos for Sale | Community 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.

Quintessential New England

Yarmouth, MaineYarmouth 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. Yarmouth is sought out by many families 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.  

Educational Excellence

The Yarmouth schools system is one of the best in the state of Maine and has been recognized nationally for outstanding performance. Expenditures per student are some of the highest in the area at $4,404 and the student/teacher ratio is 11.6. boasts one of the best high schools in the country. Yarmouth High School was classified "Gold" in 2012 by US News & World Reports and #3 in the state.  Yarmouth is also the home of North Yarmouth Academy, a private college preparatory school.

Real Estate Sales

Yarmouth was very desirable in 2017 as buyers smashed previous records in both units sold and days on market. Buyers felt compelled to purchase properties as soon as they became available, with the median days on market being just 12 compared to 22 in 2016. The new record high for numer of homes sold is 133 which is a 16.67% increase.  Like much of the Greater Portland area, the median selling price in Yarmouth also grew in 2017, rising to record level of $465,500.

  
 

2018 Sales - YTD Results Through August

  
 Prop
Type

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

% of
List Price

DOM
          
  Homes $488,000$472,750 92
96  98.19% 24
  Condos $317,000$315,650 10
6
 100.65%
 7
            
 All housing data has been compiled from research by Maine Home Connection using information from the Maine Real Estate Information System (MREIS) 

In 2017 there were 59 sales priced above $500,000 compared to 46 in 2016, representing the sixth consecutive year of growth in this segment. The median price grew to $647,100 a 7.85% jump.

The segment of homes priced between $200,000 - $400,000 increased from 45.6% of the total sales mix in 2016 to 48.12% in 2017.  The median price in this category jumped to 11% to $327,500 and time on market was only 9.

Condo sales have become a much smaller component of the Yarmouth market, with sales dropping for the second year in a row. In 2017, condo sales were down to just 8 from 19 in 2016, and 33 in 2015. This coupled with an 10.21% increase in median pricing reflects an overall shortage in inventory


 
 Yarmouth Sales History
YearUnitsPrice
2017    133  $465,500
2016
114$414,750
2015
121
$397,500
2014109$400,000
2013106$392,000
201295
$371,250
201182
$329,000
201078
$272,000
200991
$300,000
200872
$290,000
200778
$372,500
200682
$340,000
200582
$317,000
   

Single Famliy Homes

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