Portland Maine Condominium Market Overview

The Portland Maine condo market is comprised of a variety of different options to choose from. In the West End you will find fantastic brick buildings full of character that have been converted into condo associations whilst loft style downtown condos within walking distance to all area amenities can be found starting in the mid to upper 300's. If you want more space and a garage you can leave the peninsula and find all sorts of townhouse style units starting in the mid 150s. The condo market suffered like all the other housing segments when the housing bubble burst, but helped along by many baby boomers looking to retire to the region it currently is quite healthy with pricing having stabilized and volume moderately healthy.

Portland condo map of regions Please Click a Region to Learn More

Area
Inventory
55
21
17
21
24

For the year ending 2011.. a total of 175 condo listings sold at a median price point of $209,000 thus volume is down a bit from 2010 figures, but prices have stabilized and actually may be rising a bit as strong demand for intown luxury Portland condos has continued throughout the economic downturn.

In 2010, 235 condos sold in Portland at a median sold price of $193,000 compared with 206 selling at 186K in 2009. In 2008, a total of 249 condos sold at a median price of 207K and sat on the market for 64 days.

You can also visit our primary site www.mymaineproperty.comfor great additional overviews on the Portland Maine condo market as well as the greater Portland real estate market in general.

 

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Contact us

Herrigel-Kennedy
Portside Real Estate Group
190 US Route 1
Falmouth, ME 04105
Office: 207.619.7571
Cell: 207.650.5383
herrigelkennedy@gmail.com

Herrigel-Kennedy
Herrigel-Kennedy

PortlandMaineCondo.com is a subsidiary of Herrigel-Kennedy, Portside Real Estate Group
Portland Maine Condos