Cumberland Real Estate Sales
Home Sales - 2012 Year in Review
Cumberland real estate is unique in that it varies dramatically from the Cumberland Foreside with its coastal waterfront homes on Casco Bay, to its suburban neighborhoods and pastoral mini-estates to the west. Cumberland retains its rich farming history through the Cumberland Fair, one of the state's larger agricultural fairs, which has been held yearly in since 1868.A quick glance at properties for sale in Cumberland will reveal that the town has a wide variety of single family homes available, including some very expensive and exclusive properties. Compared to other parts of southern Maine Cumberland offers some very compellingly competitive prices for ocean front and ocean view homes.
Cumberland home sales have increased every year since 2009, and in 2012 reached 105 - the highest leve since 2005. The median price of $336,000 improved dramatically over 2011, representing an increase of 12%. Condo sales are an overall small part of the Cumberland real estate market. | | 2012 Cumberland Real Estate Sales & Prices | | |
Prop
Type |
| # of
Units |
| Sold Price
Median | Average |
| Days on Mkt
Med | Avg | | % of
List | | %
Total | | | | | | | | | | | | |
| Homes | | 105
| | $336,000 | $352,194 | | 61 | 108
| | 96.3 | | 70.8
| | Condos | | 10
| | $371,475 | $349,690 | | 128
| 119 | | 96.7 | | 6.7
| | Multi | | 2 | | $151,764 | $151,763 | | 11 | 11 | | 80.1 | | 1.3
| | Land | | 33 | | $82,000 | $104,936 | | 6 | 121 | | 100.0 | | 22.0
|
|
Across the state of Maine single family home sales were up 16.3% in 2012 versus 2011. Pricing also was up 3%, reflecting a trend of stabilization to slight improvement. Cumberland County sales volume improved 18.5% while pricing was essentially flat (.04% increase). |
