Scarborough Maine Real Estate | Recent Home Sales and Prices
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Scarborough Maine Market Report

Home Sales Statistics & Results -  2019 vs 2018 Update

Scarborough offers a wide range of real estate options. There are areas along the ocean (Pine Point), many larger subdivisions within close proximity to the local business districts and a generous selection of existing homes that offer larger rural lots that are often surrounded by trees.  There are also many opportunities for new construction.

Single family homes sales of 359 achieved a fourth consecutive annual historic high. 

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 June

 
Prop
Type

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

% of
List Price

DOM
         
 Homes $425,000$410,000 145175 96.6%
 15
 Condos $345,000$281,000 31
19 97.2% 21
           
All housing data has been compiled from research by Maine Home Connection using information from the Maine Real Estate Information System (MREIS). 
 

 

2018 Scarborough Real Estate Sales & Prices

 
Prop
Type

# of
Units

Sold Price
Median     |     Average

Days on Mkt
Med  |  Avg
 % of
List
 $/Sq Foot
           
 Homes 359 $405,000$451,943 10
36
 96.4 $192
 Condos 44
 $255,000$357,613 750
 98.1
 $209
 Multi 4
 $388,000$399,812 12
11
 98.2 $163
 Land 27 $135,000$158,874 47
92
 100.0
 NA

Demand in Scarborough increased in 2018 as seen in both the home prices increasing .9% and (DOM) median days on the market decreased 47.36%.  

 

2017 Scarborough Real Estate Sales & Prices

 
Prop
Type

# of
Units

Sold Price
Median     |     Average

Days on Mkt
Med  |  Avg
 % of
List
 $/Sq Foot
           

 Homes 350 $401,250$437,564 2148
 90.2 $215
 Condos 59 $245,000$270,935 17
90
 100.0
 $218
 Multi 2 $471,250$471,250 47
47
 95.0
 $314
 Land 26 $113,500$135,554 1962
 96.1
 

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.

Scarborough Sales History
YearUnitsPrice
2018
359
$405,000
2017
350 $401.250
2016348$369,000 
2015339$365,000 
2014292$334,138 
2013297$337,700 
2012216$311,000
2011196$329,450
2010197$319,000
2009192$312,500
2008178$327,575
2007222$333,750
2006228$357,485
2005246$323,750
   

Scarborough Home Sales

Scarborough Single Family

Scarborough Prices


2018 Report
Download Market Repot

2016 Market Report



 

 



 
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