Since 2011 is coming to an end, we thought we would share some fun facts about the Maine real estate market this past year!
State of Maine
10,888 residential properties have sold so far this year.
The average sale price of those properties was $206,709.
The highest price a Maine residential property sold for in 2011 was $12,250,000!
(It sold in 193 days.)
The average time the homes spent on the market was 152 days.
The longest time one of these properties spent on the market before it sold was 1,954 days...
That's over 5 years! (It was listed in 2006.)
Androscoggin County
680 residential properties have sold in Androscoggin County so far this year.
The average sale price of those properties was $130,271.
The highest sale price was $510,000 for a waterfront property in Poland.
The average time they spent on the market was 129 days.
Fontaine Family Teams average time on market for Androscoggin County is 99 days!
Cumberland County
2,884 residential properties have sold in Cumberland County so far in 2011.
The average sale price of those properties was $268,182.
(More than double the average sale price in Androscoggin County)
The highest sale price was $4,200,000.
30 residential properties sold for over $1,000,000.
The average time homes that sold spent on the market was 113 days.
Kennebec County
888 residential properties have sold in Kennebec County so far this year.
The average sale price for these properties was $143,860.
The highest sale price was $863,000. It was on the market for 1,038 days - almost 3 years!
The average time residential properties spent on the market before they sold was 151 days.
Oxford County
463 residential properties have sold in Oxford County year to date.
The average sale price of the sold homes was $153,013.
The highest sale price was $1,015,000 for a waterfront home in Oxford on over 5 acres.
It sold in 83 days!
The average time these properties spent on the market was 193 days.
Sagadahoc County
290 residential properties have sold in Sagadahoc County so far this year.
The average sale price of those properties was $183,700.
The highest sale price was $945,000 for a waterfront home in West Bath that sold in 16 days!
The average time residential properties spent on the market before they sold was 114 days.
Here's hoping for a strong finish to 2011!
In 2010, 905 residential properties sold in Maine during the month of November
at an average sale price of $218,345 in an average of 161 days.
This November 998 residential properties sold at an average sale price of $211,249
in an average of 154 days.
And looking forward to a great 2012!
*Information from Maine Real Estate Information Systems as of 11/14/2011
