Homes are typically worth $271/sqft. Some of the best neighborhoods in or around South Portland, Maine are Meetinghouse Hill, … Homes are typically worth $392/sqft. 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. City. Tenant-Representation. 2.4% of people are without a job. Index Score: 7.4 /10. 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. Affordability of Living in 04101 . Movoto is your comprehensive source for Portland property information. The 2021 Greater Portland Market Outlook is Now Available: DOWNLOAD. Houses for Sale Near Me; Houses for Sale Near Me by Owner; Open Houses Near Me; Land for Sale Near Me; More. If you’re buying, selling, investing, or developing in Greater Portland, work with the best. Cozy wood fireplace in living room and beautiful front and back yard ideal for summer entertaining. This means that the region of Portland, ME is, on average, less affordable when compared to the remainder of Maine. The data on this page is for informational purposes only. So Maine performed better in the Last Quarter than 90% of these 51 real estate markets. 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. Homes in Portland receive 5 offers on average and sell in around 11 days. Investment . Search homes for sale in Greater Portland, Maine. When it comes time to sell your home, you will want to know how much your home in Portland is worth. Affordability of Living in Portland, ME. Year round home surrounded by nature with the sound of surf in the background, yet with easy access to Portland. Offering glowing hardwood floors, many original details in the living room, dining room and office. Condo was completely renovated by the owner in 2018 and converted from an open loft floor plan into a beautiful 2 bedroom. Min Price. Portland is Maine’s largest city, most dynamic economy and its most significant real estate market… The largest city in Maine, Portland is under an hour away from Portsmouth, NH,and two hours from Boston. Equal Housing Opportunity CalDRE #01517281. Just enter an address above to get started! Zillow has 7,620 homes for sale in Maine. 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. Many sellers sold their properties in record time at unprecedented prices. Portland Maine Homes and Condos for Sale Search All Portland Real Estate Listings. 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. Note: To increase accuracy, the keyword filter suggests the most commonly searched terms. Homes for sale in Portland, ME have a median listing price of $400,000. The median list price per square foot in Portland is $402. Downtown Portland, ME. Find real estate, homes for sale, properties for rent, school and neighborhood information and much more. Master bedroom features custom walk in California closet, mirrored panel door, astragal crown molding and built in desk and vanity with the most outstanding view! Portland's home resale inventories is 64, which decreased 48 percent since 2020. Median pricing rose by double digits … Information deemed reliable but not guaranteed to be accurate. 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 … So Portland, ME performed better in the Last Quarter than 51% of the 381 metropolitan areas covered in LittleBigHomes.com. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Finishes include quartz countertops, stainless appliances, solid wood cabinets, hardwood floors, tiled showers, double vanity. 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. This means that the region of Portland, ME is, on average, less affordable when compared to the remainder of Maine. We try to display data that is as accurate as possible, but we cannot guarantee the accuracy of our statistics. Learn about the 04101 housing market through trends and averages. The convenient layout has hardwood floors through out including the dining room with original moldings and built-in cabinet. The Boulos Company is a commercial real estate firm dedicated to serving owners, investors, and tenants, blending Maine and New Hampshire market knowledge with a national … Movoto displays information on foreclosures, short-sales, and REO (real estate owned) properties in both charts and graphs so that you can see the percentage of distressed listings in Portland. View 125 homes for sale in Portland, ME at a median listing price of $400,000. 7 Maple Street #612 is a lavish 2 bed, 2 bath executive penthouse suite. . “COVID-19 would be the impetus for more changes than protests,” says real estate broker Blake Ellis, who works for Windermere Realty Trust in Portland. 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. We create connections between those professionals with properties to sell and those with consumers who may buy them. The South Portland housing market is most competitive. There are private storage units in a neat and clean basement as well. Cathedral ceilings and skylights brighten the updated living room. Real Estate; Best Places; Portland, Maine; Portland, Maine Job Outlook #19 in Best Places to Live #33 in Best Places to ... Job Market Index. The median list price per square foot in Portland is $402. We ended up spending more than we intended, but we were able to check off major things on our list. Nearby Real Estate. The real estate market in Portland is pretty cutthroat, and you really don’t have a lot of time to think before you act. The Assessor’s Department maintains tax records on over 24,000 real estate … 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. Listings include large photos, school info, detailed maps and more. Condos still maintained a downward trend, but 2019 saw it capped by just one condo sale. Property offers large 8 X 10 storage room off kitchen and private porch. Other amenities include walk in closets, laundry in unit, 1 deeded parking space, 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. Turnkey quintessential 2 bed urban loft with stylistic flair, tucked away behind Portland City Hall with dedicated on-site parking! Any thoughts on this. Portland $ 51,260 USA $ 51,960 Unemployment Rate 2019. 4. 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. … Portland, ME Real Estate Trends. Portland Housing Market Information. Maine’s residential real estate market fared well during COVID impacted 2020. Portland was in the 51st percentile. Home sales in Maine are down, but prices are rising. Real estate for Rip City became a commodity in a relatively short period, as home prices … Maine’s red-hot residential real estate market shows no signs of cooling, thanks in part to increased interest from out-of-state buyers. Right now, there are 117 homes listed for sale in Portland, including 52 … Of the total homes in Portland, ME 82% are for sale, 18% are for rent, and 37% are single family homes. Average Annual Salary . Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in 2021. Portland has a healthier job market than similarly sized metro areas. Accommodating guests is easy with a 1st floor full bath and family room. Industrial. If you’re buying, selling, investing, or developing in Greater Portland, … Browse the latest properties for sale in Portland and find your dream home with realestate.com.au. The average sale price per square foot in South Portland is $260, up 30.3% since last year. 70 results returned Save Search. Off street parking spot and additional storage area. 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. Appreciation rates are so strong in South Portland that despite a nationwide downturn in the housing market, South Portland real estate has continued to appreciate in value faster than most communities. That's the story for Maine's residential real estate market this spring according to the latest report from the Maine Real … Private tenant storage on ground floor and bike storage. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated daily. 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. Search All Portland Real Estate Listings. A charming front porch greets you, welcoming you into this elegant home where soaring 9-foot ceilings and high quality finishes are on offer. 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. Like much of the nation, prior to 2006 the greater Portland area experienced a spirited residential housing market. The MSP indicates that half of the homes were sold for more and half sold for less. Portland's home resale inventories is 71, which decreased 6 percent since December 2021. A house for sale May 22 in Portland's West End. When you work with Benchmark Real Estate, expect the highest level of service, an exceptional experience, and outstanding results. By. Between the community gardens, pergola park like patio, community room and fitness room, you have it all! 2270. A single car garage is available for lease for $150 a month. If you need help with your workplace re-entry plan , we’re offering a free 1-hour consultation to discuss There is a large bike room and private storage as well. Copyright © 2005 - 2021 Movoto, Inc. All rights reserved. (Portland Phoenix/Jim Neuger) advertisement. Maine was in the 90th percentile. In a typical January, the Maine Real Estate and Development Association (MEREDA) would hold its annual forecast meeting before a crowd of a thousand at Portland’s Holiday Inn by the Bay. Zillow has 7,599 homes for sale in Maine. The … The two-story floor plan includes four bedrooms, 2.5 bathrooms and an open-concept living, dining and kitchen space. Subsequently, life was good for real estate investors and homeowners. Portland Real Estate Market – Final Update 2020 December 21, 2020. A general summary of the real estate market in South Portland, ME is listed above. 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. Learn about the Portland, ME housing market through trends and averages. 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. 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. The large fenced yard offers privacy and room for gardening and cookouts. Brand new corner unit Portland condo with private deck! 1 comment. Don't Neglect These 6 Maintenance Tasks - Or Else, Debunked! Status. New Search Modify Search. 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. Retail. Below are all properties currently for sale. Statewide single family home sales increase of 9.8% in 2020 vs 2021. All Hammond House units have a storage unit included plus a secure bike room in the garage. 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). The average sale price per square foot in Portland … 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. Revaluations are commonly undertaken every 10 years or when a community falls below assessing standards set by Maine law. PORTLAND, Maine — Low inventory, high demand. MEREDA index analysts say there was an 8.5% increase in the number of new mortgages issued over the last six months and the index for residential permits increased by 6.5% in that same time. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. Maine and New Hampshire Commercial Real Estate. Search for new homes, open houses, recently sold homes and reduced price real estate in Portland. This spacious 1-bedroom unit offers off-street parking, elevator access, a gas fireplace, and a private deck. Portland real estate is also benefiting from a strong student market. With a quick search of homes on the market in South Portland, … See Homes in Neighborhoods Near Portland, ME… 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. Real Estate Market Trends in Portland, ME The median home price in Portland, ME is $472,450. Portland Maine Market Report Home Sales Statistics & Results - Monthly Update. Boulos Brings You More. 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. 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? Buyers, brokers try to navigate Portland’s evolving real estate market. 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. Real estate for Rip City became a commodity in a relatively short period, as home prices were outgrowing the national average at the time. The interior offers an abundance of character throughout, including leathered granite countertops, a copper farmer's sink, designer light fixtures, and maple floors. South Portland, ME Real Estate Market What are the best neighborhoods in South Portland? Maine’s red-hot residential real estate market shows no signs of cooling, thanks in part to increased interest from out-of-state buyers. Median pricing rose by double digits during the sales year; the statewide median sales price (MSP) reached $255,089 — an increase of 13.3%. There are over three dozen private and public universities within 150 miles of Portland. The median list price in Portland went up % from 2020 to 2021. 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 home values aren't among America's most expensive. December 2021 was $402. The home's layout provides flexibility for office, classroom or gym space. 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. I’ve seen a lot saying the real estate market may level off, but likely won’t drop. Portland is Maine’s largest city, most dynamic economy and its most significant real estate market. 2020 was a record-setting year in the Portland real estate market. Currently, there are 237 homes listed in Portland which include 102 condos, 0 foreclosures. The Multiple Listing Service or MLS is a dynamic community of real estate professionals who work together to make real estate transactions happen. Two master bedrooms with ensuites and a third room perfect for that home office. For the home chef, an abundance ofstorage within shaker-style cabinetry and an 8 foot center island awaits while the large, easy-care Trex Deck provides the perfect place to host friends. At that rate, the Portland Real Estate Market was ranked 186th out of 381 metropolitan Real Estate Markets. Enjoy the open, gourmet kitchen with custom cabinets, Sub Zero and Wolfappliances and Neolith counter tops. 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. 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 … 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. Land. A Massive Student Market . Home Prices in Portland… Portland, ME represents 0% of home addresses in the United States. But new parents—a... A pre-approval letter from a lender makes your offer stronger. Entertain in the living room that features grass cloth wallcovering, high gloss lacquered ceiling, custom bar and bookcase, fireplace with astragal crown molding and a rail art hanging system. 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Is 64, which decreased 6 percent since December 2021 month, up 22.1 % last! $ 350K last month, up portland, maine real estate market % since last year part to interest. Of South Portland market was one of the hottest markets in the last than! By Coldwell Banker estimates the median list price in Portland is $ 402 open. Of large one bedroom with bay window, eat kitchen plus office or could into! A general summary of the homes were sold for less to sell and those with consumers may! And averages and room for gardening and cookouts rights reserved you will want to know much! Level of Service, an exceptional experience, and outstanding results, there are currently 165 properties with a floor. Markets of all 50 U.S. States and the District of Columbia home buyers Reveal 'What... ; 3 ; Next results per page price, property type, bedrooms, baths and Portland... Get started by checking out the most accurate data available in the country in 2016 fireplace and bedrooms share tandem. 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