Archive for September 5th, 2007

North Yarmouth Maine Real Estate - 12+/- Acres in Heritage Ridge

Wednesday, September 5th, 2007

North Yarmouth Maine Real Estate - 12+/- Acres in Heritage Ridge. Visit Meservier.com for more details

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Maine Real Estate July Market Statistics

Wednesday, September 5th, 2007

 

 JULY ONLY CHART                      

 

 From July 1-31, 2006 and July 1-31, 2007

County                                # Units Sold      #Units Sold            %                       MSP                       MSP                       %Change

                                               2006                     2007                     Change                2006                     2007

STATEWIDE           1196               1247               4.26%             $190,000      $199,000      4.74%

                  

 

ROLLING QUARTER CHART

 From May 1, 2006 - July 31, 2006 -and- From May 1, 2007 - July 31, 2007

 

County                                # Units Sold      # Units Sold          %                       MSP                       MSP                       %Change

                                               2006                     2007                     Change                2006                     2007

STATEWIDE           4135               3669              -11.27%         $195,000      $197,000      1.03%
Androscoggin             313                  258                  -17.57%           $168,400        $165,000        -2.02%

Aroostook                   113                   101                  -10.62%           $85,000          $93,000          9.41%

Cumberland               976                  953                  -2.36%             $255,000        $255,588         0.23%

Franklin                      100                  79                    -21.00%          $135,000        $136,000        0.74%

Hancock                     179                  43                    20.11%            $187,000        $205,000        9.63%

Kennebec                    397                  334                  -15.87%           $155,500         $148,250         -4.66%

Knox                           151                   155                  2.65%              $215,000        $210,000        -2.33%

Lincoln                        120                  102                  -15.00%          $235,250         $237,393          0.91%

Oxford                        177                  170                  -3.95%             $143,000        $155,000        8.39%

Penobscot                   489                  437                  -10.63%           $148,000        $145,000        -2.03%

Piscataquis                  66                    60                    -9.09%            $97,486           $127,000        30.28%

Sagadahoc                  137                  103                  -24.82%          $210,000        $205,000        -2.38%

Somerset                     131                   95                    -27.48%          $112,000         $117,300         4.73%

Waldo                         112                   90                    -19.64%           $152,500         $153,675         0.77%

Washington                12                    12                    0.00%             $100,000        $116,750         16.75%

York                            662                  577                  -12.84%           $240,000        $240,000        0.00%

Source: Maine Real Estate Information System, Inc. Note: MREIS, a subsidiary of the Maine Association of REALTORS, is a statewide Multiple Listing Service with over 5,800 licensees inputting active and sold property listing data. Statistics reflect properties reported as sold in the System within the time periods indicated.



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Maine Real Estate Information - New Open House Search

Wednesday, September 5th, 2007

OPEN HOUSE SEARCH:  The new MREIS website will have an Open House Search function for the Public or Realtors to find upcoming open houses.  You can search an on or before date, property type, town or county, bedrooms, baths, price or MLS#.  All open houses will display with appropriate information and give you a link to the Public display of detail information on the property including listing agent, listing office and contact information.


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Maine State Housing MSHA has announced that their First Home Rate drops to 5.125% and Maine Assist at 5.425% for September 2007

Wednesday, September 5th, 2007

Maine Housing’s First Home Program provides low-interest mortgage loans to help low and moderate-income homebuyers buy homes of their own – often with little or no down payment. First Home is available to first-time homebuyers and people who have not owned their own homes in the past 3 years.First Home interest rates are usually lower than conventional mortgage interest rates, so your monthly payments are lower. And interest rates are fixed, so your principal and interest payments will not increase. You can save thousands of dollars over the life of your loan. First Home Program options can make homeownership even more affordable for eligible borrowers:

Maine Assist - can help with your down payment and closing costs. You may be eligible for up to 3% of your mortgage amount — up to $4,000 — credited toward the cash needed for closing. Borrowers using Maine Assist will have a slightly higher interest rate on their loans and must complete a hoMEworks homebuyer class to be eligible. (If you are interested in Maine Assist you may also be interested in the Maine American Dream Initiative Program (MADI).)Purchase Plus Improvement - If you would like to purchase a home that needs repairs, but are worried about the costs, the Purchase Plus Improvement option may be for you. The Purchase Plus Improvement option allows homebuyers who qualify for a Maine Housing First Home Loan to purchase and repair a home with one transaction. If you are eligible, you may include between $500 and $15,000 for repairs in your mortgage, as long as the cost of the home and repairs does not exceed the Maine Housing purchase price limits. Eligible repairs include heating, plumbing, or electrical systems, additions and other upgrades.

Maine Housing has been a trusted source for mortgage financing for over 30 years. In 2006 alone, we provided more than 1,000 First Home mortgages at an average interest rate of 5.21%, and we provided down payment and closing cost assistance (an average benefit of $3,562) to nearly half of our buyers.

Read the rest of the details here at: http://www.mainehousing.org/PROGRAMSFirstHome.aspx?ProgramID=31

  Information provided by mainehousing.org

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