York Maine Home Prices Continue to Stabilize

By
Real Estate Agent with Beangroup Real Estate

Recently released data from the Maine Association of Realtors show a statewide increase in the Median sales price of 3.66% when comparing the periods of Sept 1 through Nov.30, 2009 against the same period in 2010.  The Median sales price rose from $164,000 to $170,000.

York County home sales median price during the same period showed an even larger increase of 11.82%, rising from $194,950 to $218,000.

In the same period, unit home sales decreased statewide 23.8%.   However,  in the Town of York  Maine home sales increased in the same 3 month period from 51 to 60 units. Town of York Maine Home Sales did better than the county or statewide numbers.  

Additionally,  in the Town of York Maine Home Sales, the York Maine Real Estate Market showed increased sales in the 12 month period comparing Dec 1, 2008 through Dec 1, 2009 with Dec 1, 2009 through Dec 1, 2010 .  Sales of residential property rose from 152 sales in 08/09 to 189 in 09/10.  That is an increase of 25%.  Thats good news for York Maine Homes for Sale. Every price category showed increases with the largest jump comming in the York Maine Homes for sale priced between 4-500K.  The number of sales jumped from 18 to 28.

York Maine Homes for Sale at any given time usually range from upwards of 250 properties in the winter months to upwards of 400 during the tourist season. 

If the Maine Association of Realtors statewide statistics indicate prices stabilizing, the York statistics are very good news.   

If you would like to have a market analysis of your homes current value, please contact me at John@Beangroup and I will be happy to do that for you.  If you would like to research current York Maine Homes for Sale, please visit my website by clicking here.

("based on information from the from the Maine Real Estate Information System, Inc, for the period Dec 1, 2008 through Dec 1, 2010. Provided by an individual user of MREIS. MREIS has not reviewed the contents and does not make any representations, warranties or guarantees regarding the accuracy, timeliness or completeness of any statistical information and data provided")

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