Market Report for Portland for July 2007
Market Report for Portland for July 2007 and Year to Date
There are 67 active listings in Portland. In July there were 19 new listings, 5 homes went under deposit and there were 11 closed transactions. The average sale price was $310,400, the average price per sq.ft. was $149 and the average days on the market were 58. In July of 2006 there were 8 closed transactions and the average sale price was $273,150, the average per sq.ft. price was $172 and the average days on the market were 64. Looking at these comparisons the market looks pretty good, but looking at the year to date will provide a more realistic view.
Comparing the first 7 months of 2006 to the first 7 months of 2007, in 2006 there were 52 sales with an average sale price of $299,805, an average per sq.ft.price of $161 and the average days on the market were 78. In 2007 there have been 59 closed sales with an average sale price of $275,688, an average per sq.ft.price of $151 and the average days on the market are 60. Looking at these statistics the average sale price is down 8.1%, the average per sq.ft. price is down 6.2%, number of sales are up and homes are selling faster. Portland may be the place to look for your dream home.
Marabeth Gildersleeve
Coldwell Banker Residential Brokerage
Glastonbury, Ct 06033
Mailto:Marabeth@CtRealEstateCorner.com
Website: http://www.CtRealEstateCorner.com