1 Jun 2012

Falmouth Homes Sales Exceed 2011

Posted by Michael Sosnowski

If it seems like the Maine real estate market is improving, it’s not your imagination.  Like much of the economy overall, there has been a gradual increase homes sold since January of this year – and it looks like the market should be strong during the summer months.

Across Cumberland County 975 single family homes have sold through May 31st 2012 compared to 891 in 2011, representing an increase of 9.4%.  The median price, however, continues to lag behind and was actually below the YTD level of 2011 ($218,000 vs $220,000).  This reflects the fact that the overall inventory of homes is still high and there is intense competition among homes available for sale.

The graph below illustrates home sales in Cumberland County since 2009.  Although 2012 sales are ahead of 2011, it is important to note that they are still considerably below 2010 levels and of course well below record sales levels of 2005.

Of the local communities in the greater Portland area, Falmouth leads the way in sales growth so far in 2012 as 66 single family homes have been sold compared to 49 during the same period in 2011, representing an increase of 34.7%.  Like Cumberland County, however, the median selling pricing is below prior year at lower $348,000 vs $395,000.

Other Communities:

  • Portland: Single family home sales up 3.7%
  • Scarborough: Single family home sales up 14.7%
  • Cape Elizabeth: Single family home sales up 5.1%
  • South Portland: Single family home sales up 1.3%

We update our sales reports by selected cities and towns each month.  For more information, visit: Local Communities and follow the link to real estate sales results.

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  1. Maine Home Sales 2011 vs 2010
  2. Southern Maine Home Sales Update
  3. Falmouth Home Sales up in 2014 YTD
  4. Falmouth ME Home Sales Decline
  5. Maine Home Sales Increase in April

Categories: Maine Real Estate

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Buying Your Home Heart and Mind Buyer Agency
Exclusive Services Agency Relationships Title Insurance
Home Buying Process Advice and Strategy
Affect of the Economy Determining A Price First Time Buyers Viewing Homes Second Homes Home Search Strategy Waterfront Real Estate
Common Forms
Selling Your Home CMA Request Marketing Programs
Search Engine Marketing Promotion Showing Results Internet Marketing Advertising Keller Williams Advantage Opt-In Marketing Staging Transaction Reporting Web Statistics
Pricing Factors Advice and Strategy
Counteroffers Establishing a Price Listing Agreements Feng Shui Principles Considering Repairs Value of Improvement Choosing A Realtor Common Mistakes
Home Selling Process
Maine Maine History Maine Geography Maine Economy Maine Demographics Maine Education Maine Climate Maine Beaches
Maine Real Estate Blog
Search for Properties
Maine Communities Portland South Portland Scarborough Falmouth Cape Elizabeth Cumberland Yarmouth Old Orchard Beach Biddeford
Search For Homes Maine Map Search Detailed Property Search Search By Address Search By MLS Number
Lifestyle Map Search
Daily Property Updates
Waterfront Real Estate Coastal Maine
Maine Coastal Properties
Maine Lakes
Maine Lake Properties
Maine Rivers Casco Bay Islands
Peaks Island Chebeague Island Great Diamond Island Long Island Cliff Island Cushing Island
Waterfront - FAQ's
Relocation Services Relocation Package Area Digital E-Guide Maine Counties Quality of Life Education and Schools Art and Culture Property Tax Rates Common Relocation FAQs Moving Long Distance
Mortgage Center Mortgage Types Credit Scoring Fee & Closing Costs Mortgage FAQs Tax Credit
Retirement in Maine Retirement Planning Retirement Communities Changing Demographics
Real Estate Investing Vacation Homes 1031 Tax Exchanges Condos and Townhomes Remodeling: Cost vs Value
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