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
 

Old Orchard Beach Maine Real Estate

Search for All Old Orchard Beach Homes for Sale - Community Profile

For over 100 years Old Orchard Beach has remained high on the list of most popular summer resorts on the East Coast. With its seven miles of fine sand beaches, seaside amusement park, family and fine dining restaurants, numerous lodging options (including hotels, motels, bed & breakfasts and family campgrounds), and 396 foot pier boasting over 20 shops and boutiques, Old Orchard Beach continues to attract tourists from all over the United States, Canada and abroad. 

Old Orchard Beach, Maine

Located just south of Scarborough Old Orchard Beach starts at Pine Point Beach in Scarborough, and ends at Camp Ellis where the Saco River flows into the Atlantic Ocean. Old Orchard Beach’s 9,000 residents enjoy a friendly small town atmosphere and the convenience of municipal services normally associated with larger cities.

Beachfront Community

The cities of Biddeford, Saco and Scarborough are immediate neighbors, offering a variety of services and shopping. The Southern Maine Medical Center in Biddeford provides quality medical care for the region. In nearby Prout's Neck is the Winslow Homer studio where the artist worked at the turn of the century.

New England's largest salt marsh is off Route 9 in nearby Scarborough providing guided walks and canoe tours. A few miles north is Portland, Maine's largest city, with a full array of stores, shops, and dozens of galleries and restaurants. The Old Port is a showcase for artists, musicians, actors and craftsmen, and its waterfront has bloomed into a business and shopping destination.

Old Orchard Beach is part of the RUS 23 school system, which includes Saco and Dayton.  Annual expenditures per student are $7,270 compared to a national average of $5,691.  The student/teacher ratio is 11.5.

Old Orchard Beach Real Estate

Unlike most communities in Maine, condo sales in Old Orchard Beach represent over 50% of all real estate sales annually. In 2013 homes dramatically exceeded prior year sales results as 90 homes were sold.  This was the single highest sales volume of any year.  Pricing was also up as the median price of $212,450 increased 28.5%; well above the state average and the highest in Old Orchard since 2007.

Condo sales of 100 represented a 9.1% decrease from 2012.  Pricing, however, improved 11.9%.  High inventory levels resulted in longer days on market.  The median DOM of 86 days was one of the highest in southern Maine, and exceeded levels in Cumberland and York Counties.  In the second half of 2012 condo inventory levels approached a twelve months supply, thus providing buyers with many choices.

 

2013 Old Orchard Real Estate Sales & Prices

 
Prop
Type

# of
Units

Sold Price
Median     |     Average

Days on Mkt
Med  |  Avg
 % of
List
 %
Total
           
 Homes 90
 $212,450$242,987 69
125 97.7
 43.5
 Condos 100  $212,750$226,117 86
 129 95.9
 48.3
 Multi  10 $198,450$301,000 65
  90 96.8
 4.8
 Land  7 $60,000$76,107 10 34 92.3
 3.4

Across the state of Maine single family home sales were up 13.6% in 2013 versus 2012.  Pricing also was up 2.9%, reflecting a two year trend of stabilization and overall market improvement. York County sales improved 17.8%, while prices improved 2.3% (compared to 7.1% in Cumberland County).

Old Orchard Beach 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.

2014 Compared to 2013 - YTD Sales Results

The Old Orchard Beach real estate market, like all markets across the country, is affected by many factors.  It is a relatively small market, yet one of the higher-priced markets in Southern Maine. As a result, often month-to-month results yield wide fluctuations.  Reviewing sales data on a YTD comparion attempts to moderate the affects of seasonality, cyclicality, unusual high-end sales and macroeconomics. 

 

2014 vs 2013 Sales - YTD Results Through December

 
Prop
Type

Median Prices YTD
2014       |       2013
 Unit Sales YTD
2014  |  2013

Current
Inventory

%
U/C
         
 Homes $199,000$212,450  107 90 59
 37.2
 Condo $195,000$215,700
  113 100 74
 28.3
           
All housing data has been compiled from research by Maine Home Connection using information from the Maine Real Estate Information System (MREIS).


 
 Old Orchard Beach Sales
YearUnitsPrice
   
2013
90
$212,450
201265
$165,000
201161
$174,900
201075$170,000
200966
$175,000
200853
$206,000
200765
$220,000
200665
$197,500
200570
$220,500
   

Single Famliy Homes

2013 Graphs-OOB Sales

2013 Graphs-OOB Prices


Old Orchard Beach
Quick Search


Old Orchard Common
Property Searches

Homes Priced Below $250
Homes Between $250-$500
Waterfront Homes
Waterfront Condos
Condos Less than $150
Condos Between $150-$400
Condos Greater than $400
All Land Parcels
All Multi-Family

Maine Oceanfront



 
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