Current stats on property values, etc. (Portland, Bangor: sales, real estate, home sales)

[Elcarim]

I keep looking for a current list of housing values and such for the state. I keep coming across year 2000 stats, and I know they're way out-dated. The house values are considerably higher now. Where can I look?

We're packing and loading today and will head that way around 7:00 tonight. We'll see you Sunday night!

[Coaster]

According to the Portland Press Herald, 3.1.07, sales and median prices of existing homes fell in January compared with the same period last year.
The number of homes dropped nearly 4 percent, according to the Maine Real Estate Information System. The median sales price declined nearly 3 percent, from $195,000 to $189,200.

Or go to:

http://www.mreis.com/

and click on "press releases" in left-hand column, then click on 2007 Press Releases, then click on January. It's a pdf file, two pages, and includes a county-by-county comparison of home sales and prices.

[Submariner]

Just keep in mind that the www.mreis.com site only has home sales that went through a realtor. So it does not show a large portion of the total picture.

[skytrekker]

According to the NAR (National Association of Realtors) The median price for a single family home in the Portland area was 245K in the final quarter of 2006- About a 4-5 % decline over the same period in 2005.

[Elcarim]

We'll be in the Bangor or upper mid-coast area somewhere. We are moving out of Houston and want to avoid the metro areas completely!

[Submariner]

Originally Posted by Elcarim

We'll be in the Bangor or upper mid-coast area somewhere. We are moving out of Houston and want to avoid the metro areas completely!

Wonderful!

I like it here.

[stevenlear]

The median sales price in Penosbscot County is currently hovering at about $140,000. This is reflects a decline of about 3 - 4% over January 2006.

The market is getting active with under contracts and solds leading new listings but a slight margin. Still an abundance of inventory, however, when priced right... homes are moving. I know of several properties that I tried to get clients into in the past few days that went under contract in less than 7 days on the market. Mind you, I am not saying the market is on fire... just this... homes that are priced right are moving.

Bangor and vicinity is a great place to live and we are witnessing a very slow, steady migration of folks "from away".. and we are glad to have them!

Hope this helps some.

[Submariner]

stevenlear -

I am curious, where does "The median sales price in Penobscot County" come from?

I mean when a seller signs a quit claim and files it, who records the selling price and how does that selling price get into these stats?

I am not familiar enough with the process to know these details.

[stevenlear]

These stats are based upon transactions involving Realtors. There are, of course, private sales that are not necessarily accounted for, however, I think the sampling is large enough to be accurate.

[Submariner]

I am sure that from among realtor handled transactions it is fairly accurate.