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.

After four consecutive years of growth, single family homes sales decreased in 2019 2.4% from 361 to 359. 

The charts below include up-to-date 2020 monthly sales and a review of the complete years 2018 and 2017 for all types of properties.  

 

2020 Sales: YTD Results Through December

 
Prop
Type
  Median Prices YTD
2020      |       2019
  Unit Sales YTD
2020  |  2019
  % of
List Price
  DOM
                 
 Homes   $480,000 $417,500   330 352   101.06%   6
 Condos   $319,000 $256,000   57
112   98.18%   6
                     
All housing data has been compiled from research by Maine Home Connection using information from the Maine Real Estate Information System (MREIS). 
 

 

2019 Scarborough Real Estate Sales & Prices

 
Prop
Type
  # of
Units
  Sold Price
Median     |     Average
  Days on Mkt
Med  |  Avg
  % of
List
  $/Sq Foot
                     
 Homes   352   $417,500 $476,358   11 32   98.9   $200
 Condos   112
  $256,000 $314,929   31 74   100
  $220
 Multi   5   $375,000 $390,580   25 54   98.2   $155
 Land   12   $160,000 $278,083   71
170   95.5   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%.  

 

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   7 50
  98.1
  $209
 Multi   4   $388,000 $399,812   12 11   98.2   $163
 Land   27   $135,000 $158,874   47 92   100  

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
Year Units Price
2019 352 $417,500
2018 361 $405,000
2017 350 $401.250
2016 348 $369,000 
2015 339 $365,000 
2014 292 $334,138 
2013 297 $337,700 
2012 216 $311,000
2011 196 $329,450
2010 197 $319,000
2009 192 $312,500
2008 178 $327,575
2007 222 $333,750
2006 228 $357,485
2005 246 $323,750
     

Active vs Pending Listings
Residential

Scarborough Listings

Months of Inventory
Residential


Scarborough Inventory


2019 Report
Download Market Repot

Download 2019 Market Report


 

 



 
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