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Old Orchard Beach Real Estate

Home Sales - 2012 Year in Review 


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

 

 

2012 Old Orchard Real Estate Sales & Prices

 
Prop
Type

# of
Units

Sold Price
Median     |     Average

Days on Mkt
Med  |  Avg
 % of
List
 %
Total
           
 Homes 65 $165,000$205,816 72120 86.9 34.5
 Condos 110 $193,444$210,947 95
 209 90.0
 58.5
 Multi  8 $163,000$264,912 97 154 74.6 4.3
 Land  5 $54,000$60,900  329 242 83.1
 2.7


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).

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. 


 
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