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Year End Report 2014

For starters, Greater Portland's real estate transaction volume was up by 7% in 2014, and prices were up by 3%. Positive all around would be an accurate way of looking at Greater Portland's real estate market in 2014. Southern Maine saw some nice numbers too, with median real estate prices up by .5%. Not a big increase, but a stable way to go into the new year. Volume saw a healthy increase of 5% as well in Southern Maine!


The Coastal region of Maine definitely had some things to work on, with regional prices down 5%. Volume was up by 4%, so it seems like people aren't willing to pay as much as they did, even compared to just last year.


 

Detailed Statistics

Town Median Prices (Chng) Transactions (Chng)
Portland $245,561 (9.2%) 907 (10.3%)
South Portland $214,084 (2.5%) 415 (6.1%)
Cape Elizabeth $408,306 (5.2%) 180 (14.6%)
Falmouth $420,833 (4.4%) 221 (9.4%)
Westbrook $188,920 (5.2%) 250 (7.8%)
Yarmouth $341,265 (-0.1%) 136 (3.8%)
Scarborough $320,527 (-1.6%) 338 (-2.3%)
Freeport $316,589 (-1.6%) 124 (8.8%)
Gorham $241,333 (-0.2%) 249 (0.4%)
Windham $208,518 (4.1%) 311 (11.1%)
Cumberland $337,895 (-4.9%) 181 (7.1%)
Bath $148,896 (-5.5%) 134 (67.5%)
Brunswick $197,639 (-1.4%) 269 (12.6%)
Harpswell $370,146 (-2.8%) 82 (-18.8%)
Phippsburg $201,522 (-11.8%) 23 (-32.4%)
Damariscotta $185,545 (-25.3%) 33 (37.5%)
Rockland $135,422 (11.4%) 83 (-21.7%)
Topsham $179,862 (3.1%) 123 (13.9%)
Wiscasset $149,325 (-2.6%) 40 (2.6%)
Woolwich $187,882 (-11.7%) 34 (-17.1%)
Boothbay $287,750 (20.9%) 52 (-25.7%)
Boothbay Harbor $222,522 (-17.6%) 46 (7.0%)
Biddeford $200,279 (11.0%) 183 (9.6%)
Kennebunkport $497,552 (33.1%) 96 (-32.4%)
York $335,282 (0.0%) 255 (9.4%)
Saco $216,656 (0.8%) 253 (0.0%)
Wells $230,288 (-8.1%) 285 (1.8%)
Sanford $128,762 (6.7%) 261 (16.5%)
Ogunquit $471,569 (15.7%) 51 (-15.0%)
Kennebunk $261,128 (3.1%) 250 (20.2%)
Old Orchard Beach $201,186 (-5.6%) 220 (15.8%)
Arundel $239,051 (-8.8%) 39 (-4.9%)
Region Median Prices Transactions
Greater Portland $273,371 (3.0%) 3312 (7.1%)
Coastal $201,469 (-4.9%) 919 (3.8%)
Southern $246,636 (0.5%) 1893 (5.3%)