Seasonal Report


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Wednesday March 3, 2010


Spring!



So the calendar reads March, and most of the snow is gone in southern Maine, but don’t be fooled… as most of us that live in the seacoast area of southern Maine realize, March is really the tail end of winter. I am certainly expecting at least one more decent snowfall for sure. I have been told snow in the spring is good for the grass that’s desperately trying to rejuvenate anyway. And for you winter sports enthusiasts, is there anything much better than spring skiing?

Well, guess what? The real estate market really has made a turn in the positive direction! Honestly, since the 1st of the year, there has definitely been an increase in buyers looking for properties. It does seem that there are more showings and longer negotiations before arriving at the closing table, which requires an extra level of patience for buyers, sellers and realtors. Inventory is still on the low side, so if you're considering selling, don't wait until the heart of spring, where you'll be facing more competition.....list now for those buyers looking to move in the spring / summer.



Some statistics for single family homes in York comparing 2009 to 2010:

  • 1/1/10 through 2/24/10 :
  • 32 pendings sales
  • 24 of the pending sales are under $400,000
  • 24 properties have sold
  • Sold properties range from $172,000 to $2,000,000
  • 5 properties sold at over $800,000


  • One year ago - 1/1/09 through 2/24/09 :
  • 15 properties were sold
  • Sold properties range from $125,000 to $2,100,000
  • 2 properties sold at over $800,000

    • Looking ahead to some sure signs of spring....Red Sox fans, could this be the year? Opening day is April 4th, at Fenway Park, vs. the Yankees…doesn’t get much better than that!

    Soon here in York we'll begin to see some of our local seasonal businesses preparing to open, such as The Goldenrod , Brown's Old Fashioned Ice Cream, and York's Wild Kingdom . Look for opening days between mid-May and Memorial day, to welcome our much loved summer season!

    I encourage you to contact your local lender and Realtor with questions if you are thinking of buying or selling property....

    Enjoy, Cindy

    View past seasonal reports.