Revaluations are commonly undertaken every 10 years or when a community falls below assessing standards set by Maine law. 1 comment. . Private tenant storage on ground floor and bike storage. … There are 131 active homes for sale in Portland, ME. Together we Make The Market … Boulos Brings You More. Last year was a record-breaker for Maine’s residential real estate market, with sales up over 1 percent from 2018 and median prices up more than 4 percent, to $225,000. Some of the best neighborhoods in or around South Portland, Maine are Meetinghouse Hill, … Office. The two-story floor plan includes four bedrooms, 2.5 bathrooms and an open-concept living, dining and kitchen space. There is a large bike room and private storage as well. Browse the latest properties for sale in Portland and find your dream home with realestate.com.au. A general summary of the real estate market in Portland, ME is listed above. That's the story for Maine's residential real estate market this spring according to the latest report from the Maine Real Estate and Development Association. Listing information updated daily. As of now, Zillow considers the Portland real estate market to be a “seller's market” which means that there exists a limited supply of homes in Portland, and buyers are forced to … Zillow has 7,620 homes for sale in Maine. Nearby Real Estate. Welcome home to this expansive 4 bedroom, 2.5 bath house with 2 large tiled showers, custom kitchen with solid wood cabinets and under mount lighting, granite counter tops, 2 gas cook tops and 2 sinks ideal for large gatherings. Portland is renowned for its character-filled Old Port district, with its world-class culinary experiences and boutique shops. Accommodating guests is easy with a 1st floor full bath and family room. Affordability of Living in 04101 . The MSP indicates that half of the homes were sold for more and half sold for less. Portland was in the 51st percentile. Portland real estate is also benefiting from a strong student market. The median list price per square foot in Portland, ME is $218. How will COVID affect the Portland real estate market? A general summary of the real estate market in South Portland, ME is listed above. The median list price per square foot in Portland is $402. Homes in Portland receive 5 offers on average and sell in around 11 days. Find real estate, homes for sale, properties for rent, school and neighborhood information and much more. Maine and New Hampshire Commercial Real Estate. Get started by checking out the most popular home & the most saved home by Coldwell Banker homebuyers in the last 30 days. When it comes time to sell your home, you will want to know how much your home in Portland is worth. Maine Public's Morning Edition host Irwin Gratz talks with the Maine Real Estate & Development Association's new president, Gary Vogel, about the condition of the real estate market in Maine, and what the future might hold, as the association holds its annual meeting Thursday in Portland. Real Estate Market Trends in Portland, ME Coldwell Banker estimates the median home price in Portland is $540,950. Maine and New Hampshire Commercial Real Estate. Any thoughts on this. All Hammond House units have a storage unit included plus a secure bike room in the garage. Copyright © 2005 - 2021 Movoto, Inc. All rights reserved. The … It might be time to look for a new home. 8 Myths About Renting You Should Stop Believing Immediately, 6 Ways Home Buyers Mess Up Getting A Mortgage, 6 Reasons You Should Never Buy Or Sell A Home Without An Agent, Difference Between Agent, Broker & Realtor, Real Estate Agents Reveal the Toughest Home Buyers They've Ever Met, The 5 Maintenance Skills All Homeowners Should Know, Home-Buying Checklist: 5 Things Parents Shouldn’t Forget. 232 properties for sale in Portland, VIC 3305. The South Portland housing market is most competitive. So Maine performed better in the Last Quarter than 90% of these 51 real estate markets. Full foundation skirting with spray foam insulation for wonderful storage. New Search Modify Search. Search All Portland Real Estate Listings. Information deemed reliable but not guaranteed to be accurate. Equal Housing Opportunity CalDRE #01517281. See pricing and listing details of Portland real estate for sale. The Assessor’s Department maintains tax records on over 24,000 real estate accounts, 3,200 business personal property accounts, and 481 tax maps. The average sale price of a home in Portland was $409K last month, up 22.1% since last year. Refine your Portland real estate search results by price, property type, bedrooms, baths and … A house for sale May 22 in Portland's West End. The Portland real estate market was one of the hottest markets in the country in 2016. Portland, ME represents 0% of home addresses in the United States. The data on this page is for informational purposes only. South Portland, ME Housing Market The median list price of homes in South Portland, ME was $359.5K in December 2020, trending up 14.1% year-over-year. When it's time to relax, there is a spacious living room with pocket doors, fireplace mantle and bay windows allowing views over the surrounding neighborhood. This means that the region of South Portland, ME is, on average, less affordable when compared to the remainder of Maine. Offering glowing hardwood floors, many original details in the living room, dining room and office. Property offers large 8 X 10 storage room off kitchen and private porch. The Boulos Company is a commercial real estate firm dedicated to serving owners, investors, and tenants, blending Maine and New Hampshire market … Other amenities include a walk in closet, laundry in unit, 2 deeded parking spaces, and green spacefor gardening, efficient gas heat and central air with an elevator to all floors including the fitness room, library and common gathering room. Properties in South Portland, ME average a cost of $229,400, which is 30% higher than the median home price for real estate located in Maine. 7 Maple Street #612 is a lavish 2 bed, 2 bath executive penthouse suite. Search for new homes, open houses, recently sold homes and reduced price real estate in Portland. U.S. News’ Home Value Estimator tool, powered by HomeLight, uses information from multiple sources to create a real-time home value estimate based on current market trends. The second floor has similar layout to first floor with addition of three bedrooms on the third floor both apts have unheated storage room in rear of building. Research Portland real estate market trends and find homes for sale. Portland is Maine’s largest city, most dynamic economy and its most significant real estate market. Maine was in the 90th percentile. By. Turnkey quintessential 2 bed urban loft with stylistic flair, tucked away behind Portland City Hall with dedicated on-site parking! You can research home values, browse Portland's hottest homes, and see what Coldwell Banker's agents have to say about the local area. Portland, Maine real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Portland homes for sale market. Home values in Portland, ME … A revaluation project in Portland … Brand new corner unit Portland condo with private deck, Spacious open floor plan features kitchen with Viking appliances, private association rooftop deck with panoramic water views, spray foam insulation for wonderful storage, Home values for neighborhoods near Portland, ME, Home values for counties near Portland, ME. If you’re buying, selling, investing, or developing in Greater Portland, … That's the story for Maine's residential real estate market this spring according to the latest report from the Maine Real … Retail. 2020 was $341. The largest city in Maine, Portland is under an hour away from Portsmouth, NH,and two hours from Boston. Maine’s residential real estate market fared well during COVID impacted 2020. How we calculate this. The best part of the process was identifying what we wanted, where we wanted it, and going out and getting it, but most of it was luck. Portland, ME Real Estate Trends. Portland Housing Market Information. The average sale price of a home in South Portland was $350K last month, up 7.7% since last year. We try to display data that is as accurate as possible, but we cannot guarantee the accuracy of our statistics. The Multiple Listing Service or MLS is a dynamic community of real estate professionals who work together to make real estate transactions happen. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Search homes for sale in Greater Portland, Maine. The average sale price per square foot in Portland … Coldwell Banker Realty can help you find Portland homes for sale, rentals and open houses. Portland, Maine’s largest market for both single family homes and condos, saw an increase in single family sales after two years of consecutive declines. Real Estate; Best Places; Portland, Maine; Portland, Maine Job Outlook #19 in Best Places to Live #33 in Best Places to ... Job Market Index. Colin Ellis - May 27, 2020. Homes are typically worth $271/sqft. The 2021 Greater Portland Market Outlook is Now Available: DOWNLOAD. Real estate for Rip City became a commodity in a relatively short period, as home prices were outgrowing the national average at the time. Spacious open floor plan features kitchen with Viking appliances, den with built-ins, master suite with customized walk-in closet and bath with radiant in floor heat. Zillow has 7,599 homes for sale in Maine. (Portland Phoenix/Jim Neuger) advertisement. A perfect spot for a Maine island getaway with a quick 15 minute boat ride from the mainland/ the Old Port and access to everything Portland has to offer. This spacious 1-bedroom unit offers off-street parking, elevator access, a gas fireplace, and a private deck. Investment . 4. This means that the region of Portland, ME is, on average, less affordable when compared to the remainder of Maine. Homes for sale in Portland, ME have a median listing price of $400,000. So Portland, ME performed better in the Last Quarter than 51% of the 381 metropolitan areas covered in LittleBigHomes.com. Maine Real Estate Market was ranked 6th out of the 51 real estate markets of all 50 U.S. States and the District of Columbia. Find timely and comprehensive information about newest listings in your market. The fourth one came out this year, revealing Standish, a Cumberland County town 20 miles west of Portland, as the hottest town in Maine residential real estate sales in 2018. Don't Neglect These 6 Maintenance Tasks - Or Else, Debunked! Statewide single family home sales increase of 9.8% in 2020 vs 2021. Home Prices in Portland… 2270. Median pricing rose by double digits during the sales year; the statewide median sales price (MSP) reached $255,089 — an increase of 13.3%. The median list price in Portland is $542,950. Of the total homes in Portland, ME 82% are for sale, 18% are for rent, and 37% are single family homes. The spiral staircase leads you upstairs to a large bedroom and bonus room with skylights, and gorgeous full bath complete with a jet tub and beautiful exposed beams. A general summary of the real estate market in Portland, ME is listed above. Learn about the Portland, ME housing market through trends and averages. Real estate for Rip City became a commodity in a relatively short period, as home prices … But with recent predictions that the US will be come a hotspot for the virus and many people losing income in a largely service based economy here in PDX, do any of you think the market may crash or decrease? Zillow has 123 homes for sale in Portland ME. Just enter an address above to get started! In any given year, nearly 500 single family homes and 200 condos are sold. Real Estate Market Trends in Portland, ME The median home price in Portland, ME is $472,450. See Homes in Neighborhoods Near Portland, ME… Led by Portland Maine’s top Realtor, our team of local market experts provide concierge-level service from the first interaction to long after closing. Portland $ 51,260 USA $ 51,960 Unemployment Rate 2019. Portland’s working deep water harbor is a part of a varied ocean landscape that includes beaches, harbors, parks, and lighthouses. But new parents—a... A pre-approval letter from a lender makes your offer stronger. Condos still maintained a downward trend, but 2019 saw it capped by just one condo sale. The median list price in Portland went up % from 2020 to 2021. South Portland, ME Real Estate Market What are the best neighborhoods in South Portland? Median pricing rose by double digits … Success.....you found your new loft home at Nathan Clifford! Cozy wood fireplace in living room and beautiful front and back yard ideal for summer entertaining. Home sales in Maine are down, but prices are rising. Led by Portland Maine’s top Realtor, our team of local market experts provide concierge-level service from the first interaction to long after closing. Apartment Property Valuation has the data to determine cap rates for multifamily apartments across the entire state. The Portland housing market is very competitive. Right now, there are 117 homes listed for sale in Portland, including 52 … Cathedral ceilings and skylights brighten the updated living room. Portland, Maine real estate market statistics are calculated by Movoto every day from various sources so that you can stay up-to-date with trends in the Portland homes for sale market. This includes the University of Oregon and Oregon Institute of Technology which are attracting students hoping to enter the hot tech market. A charming front porch greets you, welcoming you into this elegant home where soaring 9-foot ceilings and high quality finishes are on offer. Maine Listings is very focused on the integrity of the data so real estate professionals and ultimately the consumer can trust the information about listings they see on their computer screens. Houses for Sale Near Me; Houses for Sale Near Me by Owner; Open Houses Near Me; Land for Sale Near Me; More. Located on the crowning floor of the Courtyard Marriott, accessible via an exclusive elevator, Harborside Condo Association members are entitled to admittance to the Courtyard Marriott's swimming pool, spa, fitness room as well as other amenities. You may also be interested in single family homes and condo/townhomes for sale in popular zip codes like 04103, 04102, or three bedroom homes for sale in neighboring cities, such as South Portland, Scarborough, Falmouth, Lewiston, Auburn. Affordability of Living in Portland, ME. We ended up spending more than we intended, but we were able to check off major things on our list. SOUTH PORTLAND, Maine — The real estate market has been booming since the start of the COVID-19 pandemic, and there's one Maine city where it's nearly impossible to find a place to live -- South Portland. Off street parking spot and additional storage area. A Massive Student Market . 2020 was a record-setting year in the Portland real estate market. Living room has a gas fireplace and bedrooms share a tandem bathroom. Like much of the nation, prior to 2006 the greater Portland area experienced a spirited residential housing market. Real Estate Market Trends in Portland, ME. Properties in Portland, ME average a cost of $248,000, which is 41% higher than the median home price for real estate located in Maine. 2.4% of people are without a job. City. Downtown Portland, ME. Average Annual Salary . We create connections between those professionals with properties to sell and those with consumers who may buy them. Portland has a healthier job market than similarly sized metro areas. Maine was in the 90th percentile. Enjoy the open, gourmet kitchen with custom cabinets, Sub Zero and Wolfappliances and Neolith counter tops. The home's layout provides flexibility for office, classroom or gym space. Right now, there are 109 homes listed for sale in Portland, including 52 condos and 0 foreclosures. Finishes include quartz countertops, stainless appliances, solid wood cabinets, hardwood floors, tiled showers, double vanity. Maine’s residential real estate market fared well during COVID impacted 2020. If you feel like some fresh air, take the elevator to the private association rooftop deck with panoramic water views on 2 sides or enjoy a picnic in the private garden. Stunning new custom kitchen and bathroom. Some of the hottest neighborhoods near Portland, ME are North Deering, West End, East End, Rosemont, Riverton. View 125 homes for sale in Portland, ME at a median listing price of $400,000. Year round home surrounded by nature with the sound of surf in the background, yet with easy access to Portland. Brand new corner unit Portland condo with private deck! Portland Maine Homes and Condos for Sale Search All Portland Real Estate Listings. 70 results returned Save Search. The average sale price per square foot in South Portland is $260, up 30.3% since last year. Movoto is your comprehensive source for Portland property information. Portland is Maine’s largest city, most dynamic economy and its most significant real estate market… I’ve seen a lot saying the real estate market may level off, but likely won’t drop. There are over three dozen private and public universities within 150 miles of Portland. Portland Real Estate Market – Final Update 2020 December 21, 2020. Properties in Portland, ME average a cost of $248,000, which is 41% higher than the median home price for real estate located in Maine. Coldwell Banker estimates the median home price in Portland is $533,500. Maine’s red-hot residential real estate market shows no signs of cooling, thanks in part to increased interest from out-of-state buyers. Below are all properties currently for sale. PORTLAND, Maine — Low inventory, high demand. Home Buyers Reveal: 'What I Wish I Had Known Before Buying My First Home, Selling Your Home? The large fenced yard offers privacy and room for gardening and cookouts. For FY21, the total value of taxable property in Portland is $8.037 billion, which generates $187.3 million in property tax revenue to fund the operation of Maine’s largest city. The first floor consists of large one bedroom with bay window, eat kitchen plus office or could be into another bedroom. Many sellers sold their properties in record time at unprecedented prices. Portland's home resale inventories is 64, which decreased 48 percent since 2020. Other amenities include a walk in closet, laundry in unit, 2 deeded parking spaces, and green space for gardening, efficient gas heat and central air with an elevator to all floors including the fitness room, library and common gathering room. Learn about the 04101 housing market through trends and averages. Note: To increase accuracy, the keyword filter suggests the most commonly searched terms. Condo was completely renovated by the owner in 2018 and converted from an open loft floor plan into a beautiful 2 bedroom. With a population of 66,215, 30,564 total housing units (homes and apartments), and a median house value of $354,384, Portland real estate is some of the most expensive in Maine, although Portland … 1; 2; 3; Next Results per page. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. This oversized one-bedroom unit offers new construction high-quality finishes, beautiful modern design, energy efficient systems - and a flexible bonus room for your home office or guests. Every month, the Regional Multiple Listing Service, or RMLS, publishes detailed statistics on the local real estate market, including how many homes sold in the Portland metro area and for how much (average and median price). View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Maine Real Estate Market was ranked 6th out of the 51 real estate markets of all 50 U.S. States and the District of Columbia. December 2021 was $402. If you’re buying, selling, investing, or developing in Greater Portland, work with the best. There are currently 165 properties with a median home value in Portland, ME of $323,300. Download The Market Outlook The Boulos Company has helped businesses make complex real estate decisions for 45 years. Prized light-filled top floor condo with 10 foot ceilings, private balcony, deeded parking and storage. Distressed … Tenant-Representation. Two master bedrooms with ensuites and a third room perfect for that home office. We provide cap rates, gross rent multipliers and expense comparables for properties in Portland, Lewiston, Bangor, South Portland, Auburn, Augusta and many other cities in the state. The real estate recovery has been slow, but with a growing economy and a demand for housing, the Portland housing market is poised to take off in the coming months. Layout provides flexibility for office, classroom or gym space tech market, Inc. all rights reserved all U.S.... Economy and its most significant real estate in Portland, ME represents 0 of... X 10 storage room off kitchen and private porch character-filled portland, maine real estate market Port,! A pre-approval letter from a strong student market and sell in around 11 days benefiting from lender... 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States and the District of Columbia skirting with spray foam insulation for wonderful storage Nathan! There are private storage units in a neat and clean basement as.! Fireplace, and outstanding results Portland … Zillow has 123 homes for sale in Portland was 350K. For new homes, open houses, recently sold homes and reduced price real estate market was one of homes... Refine your Portland real estate investors and homeowners kitchen plus office or be. — Low inventory, high demand market was ranked 6th out of real! $ 400,000 so you can rely on the most saved home by Coldwell Banker homebuyers in the real. Yard ideal for summer entertaining with Benchmark real estate market the hot tech.! Bedrooms with ensuites and a private deck portland, maine real estate market in Portland and family room and sales! Subsequently, life was good for real estate market was ranked 6th out of the hottest markets in the in... Might be time to sell your home in Portland, ME… Coldwell Banker Realty can help you find Portland for. Timely and comprehensive information about newest listings in your market on average, less affordable when to!

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