Maine Home Connection
Home Home About Us About Us Contact Us Contact Us
MHC MHC MHC MHC MHC MHC
Buyers Sellers Stats Maine Blog Properties
Explore Communities
Search All Properties
Weekly Open House
Local Lifestyle Videos
Your Home's Value
Waterfront Real Estate
Relocation Services
Featured Listings
Home Finance & Mortgage
Retirement in Maine
Real Estate Investing
Featured Properties
Enter a keyword to search the site

Features & Services
  
Your Home's Value
My Home's Value:
Receive a Report of  Your Home's Value 
New ConstructionGreen Homes: 
Guidelines, Builders, Green Homes
Your Homes ValueMarket Insights:
Current Home Sales Reports & Statistics 
Sold PropertiesSold Data:
View All Recent Home Sales History
Left-MarketingHome Marketing:
Maximum Exposure© Home Marketing 
  
...Manage Your Account
  
Login
Existing Users:
Login with your email address only
Existing UsersNew Users: 
Simple signup to view   all Maine properties.
Contact Us
Contact Us:  
Call or email us with your questions.
  
Newsletter Signup
 


Falmouth Maine Real Estate

Homes Sales Results - 2012 Year in Review

Real estate sales in Falmouth are predominantly single family homes, as they represent 80% of the total sales mix. Additionally, sales vary considerably depending upon whether homes are located along the ocean (Falmouth Foreside), in one of the towns three country clubs 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.

In 2012 144 single family homes were sold, compared to 136 in 2011, reflecting an increase of 5.9%. During the last eight years there has been wide fluctuation in annual Falmouth home sales.  In 2007 168 homes were sold and a low point was reached in 2008 when only 121 homes were sold. 

The median price of a home sold in Falmouth in 2012 was $372,000, which was down from 2011 by 9.9%.  Pricing has declined the last three years – and is down considerably from its highest level of $450,000 in 2006. In 2012 there were six sales over $1,000,000 compared to only one in 2011 and generally more sales in the lower priced segments.  There is also more inventory available in the lower price ranges than previous years.  During the year there was also fierce competition among those properties that did get sold, as final selling prices were 90.1% of their original list price. 

Condos are no a significant part of the Falmouth real estate market.  In 2012 15 properties were sold compared to 18 the year before. New construction has always been an important part of the Falmouth market.  19 parcels were sold in 2012 at a median price of $130,000 compared to 18 in 2011 at a median price of $140,000.  There is a continued trend of price pressure on land.

Land sales are a small portion of the overall Cape Elizabeth sales mix.


 

2012 Falmouth Real Estate Sales & Prices

 
Prop
Type

# of
Units

Sold Price
Median     |     Average

Days on Mkt
Med  |  Avg
 % of
List
 %
Total
           
 Homes 144 $372,000$445,568 73
121
 90.5
 80.4
 Condos 15
 $295,000$347,433 70
97
 100.0
 8.4
 Multi 1
 $397,500
$397,500
 37
37 93.5
 0.6
 Land 19
 $130,000$130,126 164
206
 81.7
 10.6


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).

Falmouth is one of the most desirable locations in the greater Portland area. It is well known for its schools, ocean access, business climate and attractive neighborhoods. Direct waterfront along the Foreside is possible, but can be very expensive. However, unlike previous years, traditional colonial style homes in the middle 300’s and 400’s are available in both subdivisions and newly developed communities. 


 
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 Your Home's Value Home Marketing
Digital Photography High Definition Video Property Storyboard Virtual Staging Internet Marketing
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
Stats
Maine Maine History Maine Geography Maine Economy Maine Demographics Maine Education Maine Climate Maine Beaches
Maine Real Estate Blog
Search for Properties Hyper Local Search Preset Local Searches
Maine Communities Portland South Portland Scarborough Falmouth Cape Elizabeth Cumberland Yarmouth Old Orchard Beach Freeport Harpswell
Search For Homes Maine Map Search Detailed Property Search Search By Address Search By MLS Number
Open House
Local Lifestyle Videos
Home Valuation
Waterfront Real Estate Coastal Maine
Maine Coastal Properties
Maine Lakes
Maine Lake Properties
Maine Rivers Casco Bay Islands Waterfront - FAQ's
Relocation Services Relocation Package 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
Retirement in Maine Retirement Planning Retirement Communities Changing Demographics
Real Estate Investing Vacation Homes 1031 Tax Exchanges Condos and Townhomes Remodeling: Cost vs Value