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Falmouth Maine Market Report

Home Sales Statistics & Results -  2019 vs 2018 Update

Real estate sales in Falmouth are predominantly single-family homes, as they represented more than 82% of the total residential sales mix in 2018.  Additionally, sales vary considerably depending upon whether homes are located along the ocean (Falmouth Foreside), in one of the three country club communities or on the west side of the interstate.

Historically, Falmouth has also had some of the highest overall median sales prices for single family homes each year, and 2018 was no exception. The median selling price increased significantly by 12.5% with the year-end level of $540,000. The 2018 result was the highest ever recorded in Falmouth.

The charts below include up-to-date 2019 monthly sales and a review of the complete years 2018 and 2017 for all types of properties.   

 

2019 Sales: YTD Results Through February

 
Prop
Type

Median Prices YTD
2019      |       2018
 Unit Sales YTD
2019  |  2018 

% of
List Price

DOM
         
 Homes $527,500$533,500 18
17
 95.56%
 39
 Condos $406,000$490,491 75 101.75%
 7
           
All housing data has been compiled from research by Maine Home Connection using information from the Maine Real Estate Information System (MREIS). 
 

 

2018 Falmouth Real Estate Sales & Prices

 
Prop
Type

# of
Units

Sold Price
Median     |     Average

Days on Mkt
Med  |  Avg
 % of
List
 $/Sq Foot
           
 Homes 199 $540,000$591,224 2147 95.6 $193
 Condos 39 $478,259$459,954 739
 106.5 $239
 Multi 4 $596,000$561,000 1715 96.8 $229
 Land 22
 $157,500$182,500 2169
 91.3 NA

The number of homes sold annually has stabilized over the last several years at around 200.  In 2018 there were 103 sales of homes priced between $500,000 and $1,000,000, compared to 81 in 2017.  The median price of these properties was also up 5.54%.  In the true luxury segment, homes sold above $1,000,000 there was a decrease from 11 in 2017 to 9 in 2018. The median price in this segment also decreased, by 25.64%. 

 

2017 Falmouth Real Estate Sales & Prices

 
Prop
Type

# of
Units

Sold Price
Median     |     Average

Days on Mkt
Med  |  Avg
 % of
List
 $/Sq Foot
           
 Homes 195
 $480,000$571,848 19
45 98.5 $205
 Condos 37
 $472,303$451,415 17
81
 100.0
 $234
 Multi 1
 $274,000$274,000 138138
 99.6 $206
 Land 19 $285,000$221,632 159169
 96.1 NA

Statewide Results:

For the fourth consecutive year, Maine home sales set a new record in 2018 as 17,983 single family homes were sold, representing an increase of 1.0% over 2017 when total volume was 17,810

The YTD (Year-to-Date) median single-family price of $215,000 represented a 7.5% increase over 2017.  Overall, pricing was up in 13 of Maine’s 16 counties, and remained consistent in two. The highest single month was May at $244,839, followed by April and then March.

Each month of 2018 was higher than 2017. Between 2007 and 2011 median prices declined each year, reaching their lowest level in 2011 at $165,000.  From 2012 onward, pricing has increased ever year, with one exception - 2014.

 
Falmouth Sales History
YearUnitsPrice
2018
199
$540,000
2017
195
$480,000
2016202$467,750
2015203$400,000
2014192$401,991
2013177$215,500
2012144$372,000
2011136$413,625
2010148$417,000
2009155$360,000
2008121$430,000
2007168$418,750
2006164$450,500
2005163$405,000
   

Falmouth Home Sales

Falmouth Single Family

Falmouth Prices


2018 Report
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2016 Market Report



 

 



 
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