Real Estate Analysis and Commentary in Greater Portland

April 20th, 2013 3:21 PM

Well over the past 6-8 months we have seen some signs of increases in median sales price levels.  Although I have issues with the 1004MC form and we are in a market area with fewer sales in a year period than other markets (i.e. non-Maine), some analyses have an upwards trend. Not much mind you, 1.5-3% generally, but we all know it has to start somewhere. 

And that "where" has lately been experienced on Portland's peninsula.  From what I have seen, the condominium and 2-4 unit markets have experienced some increases and short marketing times measured as Days-On-Market (DOM).  DOM is from the list date to pending or contract date. Why?  Intown living with good walk scores for schools (K-5), local services, amenities (numerous restaurants, nightlife, and the arts).  And on the peninsula, the East End/Munjoy Hill has come alive. 

All for now.


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Posted by Robert Lynch, SRA on April 20th, 2013 3:21 PMLeave a Comment

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