The Goff Report – Cumberland County, Maine, June 2017

Local Market Update for Cumberland County, Maine

The number of new listings improved by 3.95% from a year ago, the first time we’ve seen this all year! The median sales price still increased by 7.27% from the same period a year ago, but is actually down slightly from the $298,000 that we saw in last month’s report. Could this all be a sign that the seller’s market is slowing? Maybe, but the median days on the market continue to contract, and the number of sales is still down compared to a year ago (though not as dramatically as we have seen in past months’ reports). Time will tell!

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Quarterly Update

Cumberland County, Maine

May-July 2017

May-July 2016

% Change Year-Over-Year

Number of Sales

1,227

1,413

-13.16%

Median Sale Price

$295,000

$275,000

7.27%

Median Days on the Market

10

13

-23.08%

Number of New Listings

1,923

1,850

3.95%

Number of Sales: The number of properties sold.

Median Sales Price: The midway final price of all properties sold. Half sold for more, half sold for less.

Median Days on the Market: The midway point of days between a listing going on the market and accepting an offer. Half were on the market longer; half were on the market for less time.

Number of New Listings New home listings during the month(s) specified.

Note: Sales were compiled on August 9, 2017, from Maine MLS data from sales of single family homes.
Data based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period May 1, 2016 through July 30, 2016 and May 1, 2017 through July 30, 2017.


Posted on August 14, 2017 at 10:14 AM
Derek Goff | Posted in Cumberland County, The Goff Report | Tagged , , , , , , ,

The Goff Report – York County, Maine, July 2017

Local Market Update for York County, Maine

The number of new listings was slightly higher than a year ago. This is the first time this has happened all year! Could this be a sign of the seller’s market slowing down? The increase in price doesn’t seem to indicate so, with the median sales price 8.33% higher than last year. Homes continued to sell quickly, with the median days on the market dropping to 15 for the period of May-July 2017. With summer coming to an end in Maine, we will see whether the new listings continue to climb. If so, one would expect sales prices to stabilize a bit.

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Quarterly Update

York County, Maine

May-July 2017

May-July 2016

% Change Year-Over-Year

Number of Sales

894

940

-4.89%

Median Sale Price

$260,000

$240,000

8.33%

Median Days on the Market

15

25

-40%

Number of New Listings

1,506

1,498

0.53%

Number of Sales: The number of properties sold.

Median Sales Price: The midway final price of all properties sold. Half sold for more, half sold for less.

Median Days on the Market: The midway point of days between a listing going on the market and accepting an offer. Half were on the market longer; half were on the market for less time.

Number of New Listings New home listings during the month(s) specified.

Note: sales were compiled on August 9, 2017, from Maine MLS data from sales of single family homes.
Data based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period May 1, 2016 through July 30, 2016 and May 1, 2017 through July 30, 2017.


Posted on August 14, 2017 at 10:03 AM
Derek Goff | Posted in The Goff Report, York County | Tagged , , , , , ,

Seller Tips – Tips for a Successful Showing – Expectations

Seller Tips – Tips for a Successful Showing – Expectations

This is Part 8 of a series of blog posts that consist of tips for a successful showing when selling your home.

Expectations

Unfortunately, some buyers are not as considerate as one would like. Expect the toilet seat to be left up, mud to be tracked throughout the house (despite asking them to take their shoes off), closet doors to be left open, crumbs on the counter, doors to be left unlocked, etc. Keep this in mind as you begin your home search, and be sure to always follow the Golden Rule!


Posted on August 4, 2017 at 12:00 PM
Derek Goff | Posted in Selling, Showing Tips | Tagged , , ,

Seller Tips – Tips for a Successful Showing – Part 7

This is Part 7 of a series of blog posts that consist of tips for a successful showing when selling your home.

Provide snacks to keep buyers in your home

We want buyers to stay in your home as long as possible. The longer buyers stay in your home, the more likely they are to fall in love and make an offer. One of the best ways to encourage buyers to linger is to offer them food. You don’t need to cater a lunch, but crackers, cookies, desserts, lemonade, water, etc. are encouraged. As a bonus, when you bake cookies, the home smells terrific! See Part 3 of my Tips for a Successful Showing for more info.

  • Leave a note encouraging buyers to enjoy a snack.
  • Set out utensils/toothpicks, if needed.
  • Provide plates, cups, and napkins. Paper plates and cups make the most sense, so they don’t have to worry about how to care for them.
  • Leave your trash can in plain sight, or provide a tent sign to indicate where it can be found.

 


Posted on July 26, 2017 at 12:02 PM
Derek Goff | Posted in Selling, Showing Tips | Tagged , , ,

The Goff Report – Cumberland County, Maine, June 2017

Local Market Update for Cumberland County, Maine

The number of new listings once again improved from the rolling quarter report from a month ago. If you recall, new listings were down 13.30% from March-May 2016 to 2017, and from April-June 2016 to 2017 they were down just 4.59%. With median sales price still climbing (an 11.40% increase year over year!), all signs still indicate that this is a seller’s market.

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Quarterly Update

Cumberland County, Maine

April-June 2017

April-June 2016

% Change Year-Over-Year

Number of Sales

1,039

1,280

-18.83%

Median Sale Price

$298,000

$267,500

11.40%

Median Days on the Market

12

15

-20.00%

Number of New Listings

1,871

1,961

-4.59%

Number of Sales: The number of properties sold.

Median Sales Price: The midway final price of all properties sold. Half sold for more, half sold for less.

Median Days on the Market: The midway point of days between a listing going on the market and accepting an offer. Half were on the market longer; half were on the market for less time.

Number of New Listings New home listings during the month(s) specified.

Note: Sales were compiled on July 7, 2017, from Maine MLS data from sales of single family homes.
Data based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period April 1, 2016 through June 30, 2016 and April 1, 2017 through June 30, 2017.


Posted on July 7, 2017 at 11:00 AM
Derek Goff | Posted in Cumberland County, The Goff Report | Tagged , , , , , , ,

The Goff Report – York County, Maine, June 2017

Local Market Update for York County, Maine

The number of new listings once again improved from the rolling quarter report from a month ago. If you recall, new listings were down 13.85% from March-May 2016 to 2017, and from April-June 2016 to 2017 they were down just 5.66%. With median sales price still climbing (7.86% year over year!), all signs still indicate that this is a seller’s market.

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Quarterly Update

York County, Maine

April-June 2017

April-June 2016

% Change Year-Over-Year

Number of Sales

782

856

-8.64%

Median Sale Price

$254,450

$235,900

7.86%

Median Days on the Market

16

33

-51.52%

Number of New Listings

1467

1555

-5.66%

Number of Sales: The number of properties sold.

Median Sales Price: The midway final price of all properties sold. Half sold for more, half sold for less.

Median Days on the Market: The midway point of days between a listing going on the market and accepting an offer. Half were on the market longer; half were on the market for less time.

Number of New Listings New home listings during the month(s) specified.

Note: Sales were compiled on July 7, 2017, from Maine MLS data from sales of single family homes.
Data based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period April 1, 2016 through June 30, 2016 and April 1, 2017 through June 30, 2017.


Posted on July 7, 2017 at 10:56 AM
Derek Goff | Posted in The Goff Report, York County | Tagged , , , , , ,

Seller Tips – Tips for a Successful Showing – Part 6

This is Part 6 of a series of blog posts that consist of tips for a successful showing when selling your home.

Provide thoughtful notes

Working with buyers, I have shown a few homes where the sellers have left thoughtful notes that provide information that the buyer might otherwise miss or might not know. A common place to leave a note to prospective buyers is a kitchen chalkboard. I have shown a home near Willard Beach that had an arrow pointing to the beach, and an arrow pointing to Scratch Bakery along with the distance to each. Very clever! Others simply add a nice “welcome” message. Here are some other ideas:

  • If you have an antique chandelier, put a card on it providing its age and other important details.
  • Label light switches so buyers know which switches go to which lights.
  • Leave a card on appliances, windows, doors, etc. that indicate when they were purchased.
  • If your basement stairs are steep, add a card to the railing or door that cautions buyers to watch their step.
  • Placing a card that says “Not included” may make a buyer want it. You can work that to your advantage later…

 


Posted on June 28, 2017 at 10:16 AM
Derek Goff | Posted in Selling, Showing Tips | Tagged , , , ,

Seller Tips – Tips for a Successful Showing – Part 5

This is Part 5 of a series of blog posts that consist of tips for a successful showing when selling your home.

Light up the home!

Does your home look its best in the late afternoon with all the lights off? Highly unlikely. As an agent, I’m often running around trying to find every light switch in the house. I often can’t find all of them, so some lights remain off which can affect the buyers’ perception of the home. Does it make or break the sale? Probably not, but if you do a bunch of little things to make your home feel welcoming, it can make a big difference! Your electric bill will rise slightly, but your home will sell quicker. Turn the lights on!

  • Turn on every light in the house, including lights in the closet.
  • Turn on all lamps. Does one room look brighter than the next? Add a lamp to the darker room to add some light.
  • Do your appliances have lights? Under the microwave and the light under the refrigerator water dispenser are common. Turn them on too.
  • Open all the curtains to let in light.
  • Keep blinds partially closed that otherwise show undesirable outdoor scenery such as a dilapidated fence or a nearby structure that obstructs views.
  • Turn off the TV (except when using the TV to play some light classical music).

Posted on June 13, 2017 at 7:41 AM
Derek Goff | Posted in Selling, Showing Tips | Tagged , , , ,

The Goff Report – Cumberland County, Maine, May 2017

Local Market Update for Cumberland County, Maine

Click to view full image

The number of new listings improved slightly from the rolling quarter report from a month ago. If you recall, new listings were down 29.28% from Feb-April 2016 to 2017, and from March-May 2016 to 2017 they were down just 13.30%. A slight improvement, but overall listings are still down dramatically from a year ago. All signs still indicate that this is a seller’s market. What is interesting is the increase in median days on the market from a year ago. This could indicate that sellers are getting more aggressive with their pricing as they see home prices rise. We’ll see what happens next month.

As the real estate market heads into the busiest months here in Maine, if you’re on the fence about selling, now may be the time!

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Rolling Quarter Update

Cumberland County, Maine

March-May 2017

March-May 2016

% Change Year-Over-Year

Number of Sales

1103

1276

-13.56%

Median Sale Price

$271,600

$251,000

8.21%

Median Days on the Market

17

16

6.25%

Number of New Listings

2014

2323

-13.30%

Number of Sales: The number of properties sold.

Median Sales Price: The midway final price of all properties sold. Half sold for more, half sold for less.

Median Days on the Market: The midway point of days between a listing going on the market and accepting an offer. Half were on the market longer; half were on the market for less time.

Number of New Listings New home listings during the month(s) specified.

Note: Sales were compiled on June 7, 2017, from Maine MLS data from sales of single family homes.
Data based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period March 1, 2016 through May 31, 2016 and March 1, 2017 through May 31, 2017.


Posted on June 8, 2017 at 8:20 AM
Derek Goff | Posted in Cumberland County, The Goff Report | Tagged , , , , , ,

The Goff Report – York County, Maine, May 2017

Local Market Update for York County, Maine

Click for full image

The number of new listings improved slightly from the rolling quarter report from a month ago. If you recall, new listings were down 18.47% from Feb-April 2016 to 2017, and from March-May 2016 to 2017 they were down just 13.85%. A slight improvement, but overall listings are still down dramatically from a year ago. All signs still indicate that this is a seller’s market.

As the real estate market heads into the busiest months here in Maine, if you’re on the fence about selling, now may be the time!

Want a more local market update? Sign up for Neighborhood News.

Rolling Quarter Update

York County, Maine

March-May 2017

March-May 2016

% Change Year-Over-Year

Number of Sales

852

949

-10.22%

Median Sale Price

$235,150

$225,000

4.51%

Median Days on the Market

25

44

-43.18%

Number of New Listings

1630

1892

-13.85%

Number of Sales: The number of properties sold.

Median Sales Price: The midway final price of all properties sold. Half sold for more, half sold for less.

Median Days on the Market: The midway point of days between a listing going on the market and accepting an offer. Half were on the market longer; half were on the market for less time.

Number of New Listings New home listings during the month(s) specified.

Note: Sales were compiled on June 7, 2017, from Maine MLS data from sales of single family homes.
Data based on information from the Maine Real Estate Information System, Inc. (d/b/a Maine Listings) for the period March 1, 2016 through May 31, 2016 and March 1, 2017 through May 31, 2017.


Posted on June 8, 2017 at 8:09 AM
Derek Goff | Posted in The Goff Report, York County | Tagged , , , , , ,