Falmouth Maine Real Estate Sales | 2011
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Falmouth Maine Real Estate

Home Sales & Residential Property Pricing Reports 

There are three primary residential areas of Falmouth - the Foreside (along the ocean), East Falmouth and West Falmouth. The area features many small subdivisions that offer opporunities for new construction - although new housing starts have lagged in recent years. 

2011 Sales Results

Falmouth has historically been a strong residential community just north of Portland and in 2011 that trend continued.  Although actual single family homes sales were lower in 2011 compared to the previous year, the decline in medain selling prices abated.  The median price of 4413,625 was only .7% below the 2010 level.  It is significant to note that final selling prices were 94.6% of their original list price. 

Condo sales, which are a small percentage of the Falmouth market, were also below 2010 with only 18 sales.  Prices were up due to a high percentage of new construction in this market segment. Land sales also improved in 2010 in both volume and price. 

With more expensive homes available for sale in Falmouth, the DOM was also somewhat higher than other local communities at a median of 72 days.  The average DOM was considerably higher at 108. 


2011 Falmouth Real Estate Sales


# of

Sold Price
Median     |     Average

Days on Mkt
Med  |  Avg
 % of
 Homes 136  $413,625$451,701 72108 94.6 79.1
 Condo 18  $247,000$289,001 35 105 96.8 10.5
 Multi - --  - - - -
 Land  18  $140,000$153,706  114 176 88.1 10.4

2011 vs 2010 Sales Comparison


Median Selling Prices
2011    |    2010 
 Unit Sales
2011  |  2010

% Chg

% Chg
 Homes $413,625$417,000 136 148   (0.7) (8.1)
 Condo $247,000$217,000 18 24 13.8 (25.0)
 Multi  $287,500  - 2  -  -
 Land $140,000$135,000 18 15 3.7 20.0

2012 Sales Results

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 above levls of the previous period and pricing is also considerably better. 


2012 vs 2011 Sales - YTD Results Through December


Median Prices YTD
2011       |      2012 
 Unit Sales YTD
2011  |  2012


 Homes $414,625$372,000 136144 77 1.2
 Condo $247,000$295,000



The Falmouth 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 annual YTD comparison attempts to moderate the affects of seasonality, cyclicality and macroeconomics. During this latest period pricing greatly improved with a median price of $353,393. Inventory is is extremely hight – thus keeping competition among sellers acute.   

Southern Maine Real Estate Resources

Maine Quality of Life 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.
Tour of Maine 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.
Maine Home Sales Reports 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.

Relocation to Falmouth & Southern Maine

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You can receive automatic email alerts of properties that match your predetermined buying requirements by using our Market Watch feature. This is a great way to stay current with the market whether you are buying now or in the future.

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