Home sales in Maine up by 49 percent
12/23/09 | 11 comments
real estate

Home sales in Maine up by 49 percent


From Staff and Wire Reports

SOUTH PORTLAND, Maine — A real estate group says home sales in Maine were up nearly 49 percent in November from a year earlier, marking the sixth straight month of increased sales.

The Maine Real Estate Information System said Tuesday that 1,025 existing homes sold last month, up from 690 homes in November 2008. Over the same period, the median sales price fell nearly 5 percent, to $164,000.

Nationally, existing home sales were up 42 percent for the month.

For the period from September through November, home sales showed an increase in 15 of Maine’s 16 counties. The exception was Franklin County, where sales fell 2.8 percent.

Following are statistics for counties in the Bangor Daily News circulation area for the September-through-November quarter:

• Aroostook: 106 homes were sold in the 2009 quarter, an increase of 21.8 percent from a year earlier. The median sales price was $90,750, a decrease of 9.1 percent.

• Hancock: 145 homes sold, up 14.1 percent from 2008. The median sales price was $175,000, a drop of 12.5 percent.

• Knox: 117 homes were sold, an increase of 31.5 percent. The median sales price was $178,800, an increase of 9.5 percent.

• Lincoln: 99 homes sold, an increase of 4.4 percent. The median sales price was $203,000, a decline of 8.3 percent.

• Penobscot: 347 homes sold, an increase of 37.7 percent. The median sales price was $124,900, down 5.8 percent.

• Piscataquis: 41 homes sold, a decline of 5.1 percent. The median sales price was $90,000, down 5.2 percent.

• Somerset: 110 homes sold, up 48.6 percent. The median sales price was $99,500, up 15.2 percent.

• Waldo: 98 homes sold, up 19.5 percent. The median sales price was $151,000, down 4.6 percent.

• Washington: 24 homes sold, up 33.3 percent. The median sales price was $129,500, up 161.6 percent.

Not registered? Click here
E-mail this
Print this
Guidelines for posting on bangordailynews.com

Bangordailynews.com is pleased to offer a forum for readers to react to our stories, discuss them and provide additional information. We are reluctant to delete comments, but do reserve that right for those who abuse our forum. For more on using this site, please see our terms of service.

The primary rule here is pretty simple: Treat others with the same respect you'd want for yourself. What does that mean specifically? Here are some guidelines (see more):

Comments
11 comments on this item
On 12/23/09 at 6:54 AM, limlib wrote:         Repeated separate thumbs down will cause comment to be hidden

Obama must have written this article, very poor presentation from the real picture. if you go from 1 to 2, THE MARKET DOUBLED ! Look at the price drops, how much drop from 06 and 07 ? Oh well, some folks will think this hope and change is good.

Report abuse
On 12/23/09 at 7:44 AM, Knightscross wrote:         Repeated separate thumbs down will cause comment to be hidden

There is no way sales are up 49%. Where did all of these affluent, employed people come from? Last time I looked, Maine is in a JOBS death spiral. Not to mention most of Maine jobs are poverty level paying jobs if you can find one at all.

Report abuse
On 12/23/09 at 8:06 AM, Knightscross wrote:         Repeated separate thumbs down will cause comment to be hidden

Maybe the author of the article got confused. More like home foreclosures in Maine are up 49%.

Report abuse
On 12/23/09 at 8:09 AM, ElectraGlide wrote:         Repeated separate thumbs down will cause comment to be hidden

Its A Buyers Market Folks

And Believe It or Not

It has Happened Before

Merry Christmas and Happy New Years to All

Report abuse
On 12/23/09 at 8:16 AM, Bangorean wrote:         Repeated separate thumbs down will cause comment to be hidden

If you go from 150 to 300, the market ALSO doubled. You make no sense. Huge dips from the 06-07 years of largesse and stupidity. Same thing happened in '88-'89 and '90 due to false "appreciation." The Maine Real Estate Information Service (MERIS) is the multiple listing service. Thse are all brokered sales, so the doom and gloom you guys would like to see so you can somehow blame the current administration isn't there. Try looking back at your 401K and figure out who was to blame for turning the financial markets loose resulting in that fiasco.

Report abuse
On 12/23/09 at 8:49 AM, Gopher wrote:         Repeated separate thumbs down will cause comment to be hidden

Critics, where's your data? Looks more like sheer speculation (and wishfull thinking that nothing can contradict your economic doom and gloom).

Grinches and Scrooges: don your thinking (and data) caps and abandon your immovable ideologies just for the season at least.

Report abuse
On 12/23/09 at 9:08 AM, MaineAuntie wrote:         Repeated separate thumbs down will cause comment to be hidden

I would be interested to find out how many of these sales were second homes or cottages, and how many were for out of state buyers?

Report abuse
On 12/23/09 at 2:25 PM, NewYorkGuy wrote:         Repeated separate thumbs down will cause comment to be hidden

Gopher wrote: "Critics, where's your data? Looks more like sheer speculation (and wishfull thinking that nothing can contradict your economic doom and gloom)."

.

Where's the data?

.

It's staring you in the face: read the article.

.

The article shows that only Somerset County had homes sales increase by 49%.

.

So the headline of this article would be more truthful had it said the following: "Home sales in Somerset County up by 49 percent. Sales in other Maine counties below U.S. average.

"

.

Report abuse
On 12/23/09 at 2:28 PM, NewYorkGuy wrote:         Repeated separate thumbs down will cause comment to be hidden

Hmmm, only Somerset County had 49% increase?

.

Might that have something to do with Moosehead Lake development?

Report abuse
On 12/24/09 at 7:18 AM, busymominmaine207 wrote:         Repeated separate thumbs down will cause comment to be hidden

I think a lot of these homes were sold to out of staters.. or people who can barely afford it and will be foreclosing in a year or less...

Hate to say it, it was either not Maine people who bought these homes or people who think they have a job for life!

And won't!

We are looking into a rent to own.

And that is an iffy subject as well.

And that place needs work to boot!

So I find this really hard to believe myself..

Report abuse
On 12/24/09 at 7:18 AM, busymominmaine207 wrote:         Repeated separate thumbs down will cause comment to be hidden

Although I have heard that home selling is booming in Houlton areas up there..

And they are reasonable prices because well you are in the middle of the worse snow country with very little

out there to boot!

Report abuse
You must be logged in to post a comment. click here to log in.

Powered by: Creative Circle Advertising Solutions, Inc.