2016 1st Quarter Maine Housing Report
Aug 25, 2016 by John Herrigel in Market News

2016 started off strong! Total volume for the 3 regions followed encompassing York, Cumberland, Sagadahoc and Lincoln Counties totaled 460 Million in 2016 compared with 386 Million in 2015. The Greater Portland region anchored by Portland continues to see very strong price appreciation. Prices in Southern Maine have stabilized and Coastal Maine continues to see abnormally high sales volume.




2nd Qtr 2016 Outlook

Markets will continue to remain strong with high demand in all market segments, particularly coastal property and in-town Portland condos and multi unit properties. Coastal properties under 500K will see extremely high demand.

Jan 2015Jan 2016
UnitsMedianSales Volume UnitsMedianSales Volume
Portland Homes27$224,000$8,351,90037$230,000$10,233,980
Portland Condos15$222,300$4,247,05025$299,000$6,955,800
Portland Multis8$325,000$2,957,00013$403,800$5,836,100
Cumberlan Country -Homes184$210,000$50,962,479239$230,000$69,490,003
Cumberlan Country -Condos40$216,150$10,605,32845$236,000$11,830,209
York County-Homes146$217,215$49,635,384159$210,000$44,832,942
York County -Condos31$199,225$6,667,74531$183,000$6,554,920
Sagadahoc -Homes23$180,000$4,678,21432$158,500$7,139,250
Sagadahoc - Condos2$136,500$273,0002$302,339$604,677
Lincoln - Homes24$190,000$6,542,75031$250,000$8,663,900
Lincoln - Condos1$77,000$77,0001$75,000$75,000
Cumberland Waterfront23$197,000$9,002,90038$287,250$17,834,015
York County Waterfront21$370,000$18,688,75214$254,500$10,032,200
Sagadhoc Waterfront4$316,000$1,220,0008$404,250$3,328,000
Lincoln Waterfront9$382,000$3,933,00011$283,500$3,223,900
Feb 2015Feb 2016
UnitsMedianSales Volume UnitsMedianSales Volume
Portland Homes30$213,500$7,956,20035$225,000$9,266,600
Portland Condos18$189,450$4,134,80016$242,000$4,092,500
Portland Multis10$358,750$3,620,70012$380,000$4,925,500
Cumberlan Country -Homes172$232,250$51,101,152218$245,500$64,442,288
Cumberlan Country -Condos30$190,000$6,855,04344$263,559$12,123,489
York County-Homes127$214,000$35,182,490171$200,000$43,232,684
York County -Condos19$195,000$4,909,20520$178,000$4,331,252
Sagadahoc -Homes18$179,250$5,412,90026$173,250$5,106,400
Sagadahoc - Condos3$112,900$481,3353$322,760$717,932
Lincoln - Homes30$178,250$6,223,90019$140,000$4,085,876
Lincoln - Condos1$213,000$213,0000$0$0
Cumberland Waterfront21$233,000$7,471,50521$250,000$9,168,200
York County Waterfront15$473,000$7,347,83819$200,000$6,737,650
Sagadhoc Waterfront5$740,000$3,415,0005$348,000$1,707,000
Lincoln Waterfront10$291,500$3,153,0008$248,750$2,743,875
March 2015March 2016
UnitsMedianSales VolumeUnitsMedianSales Volume
Portland Homes28$261,500$8,668,10044$258,250$12,886,800
Portland Condos25$299,900$7,434,75023$198,000$5,483,018
Portland Multis14$314,950$4,947,9005$275,000$2,183,000

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