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How Was the 2013 Real Estate Market in York County?

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It’s that time of year again- time to look back and compare real estate sales from the past 2 years. The media is always touting that the real estate market is back, but how accurate is that in Southern York County, Maine? Let’s compare 2012 sales to 2013 sales to see what the trend is in a few towns.

York, Maine

                                             2012                                    2013

# Sold Listings         240                                      268     +12%

Avg. Sq. Ftg.            2,110                                   2,016

Avg. List Price        $485,283                             $494,416  +2%

Avg. Sale Price      $447,789                             $463,607   +3.4%

Avg. Days on Market   180                                   140         Homes are selling

                                                                                           faster by over a month!

Kittery, ME

                                     2012                                    2013

# Sold Listings         105                                      126   +17%

Avg. Sq. Ftg.            1,708                                  1,899

Avg. List Price        $347,493                             $395,588  +12%

Avg. Sale Price      $329,547                             $376,891  +13%

Avg. Days on Market   144                                   117         Homes are selling

                                                                                       faster by almost a month!

Eliot, ME

                                  2012                                  2013

# Sold Listings         63                                             66        

Avg. Sq. Ftg.            2,070                                  1,999

Avg. List Price        $290,955                             $307,226  +5%

Avg. Sale Price      $282,220                            $296,154   +5%

Avg. Days on Market   109                                   93         Homes are selling

                                                                                      faster by about 2 weeks

South Berwick, ME

                                     2012                                    2013

# Sold Listings         63                                          73     +14%

Avg. Sq. Ftg.            1,993                                   1,898

Avg. List Price        $226,478                            $226,935  

Avg. Sale Price      $218,044                             $219,434   

Avg. Days on Market   118                                   103         Homes are selling

                                                                                        faster by about 2 weeks!

Berwick, ME

                                  2012                               2013

# Sold Listings         66                                         86     +13%

Avg. Sq. Ftg.            1,644                                   1,855

Avg. List Price        $173,202                             $197,997  +13%

Avg. Sale Price      $167,823                             $191,490   +12%

Avg. Days on Market   126                                   111         Homes are selling

                                                                                      faster by almost 2 weeks!

As you can tell by these stats, the market is up all around and is continuing to trend toward a seller’s market in Southern Maine.

As always, The Fecteau Group is here to answer all of your real estate questions, whether you are buying or selling property. For an in-home consultation on buying or selling, simply fill out the form below.

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