YORK, Maine — Houses and condominiums got the cold shoulder from buyers during the winter in town.
The total value of residential sales was down by 25 percent from the fall, according to an analysis of data in transfer tax declarations on file with assessor's office.
The comparison was made of residential property that sold in December 2011, January 2012 and February 2012, versus sales from September, October and November 2011. According to data for the winter period, 38 homes sold for a total value of $14.8 million. That included three homes that each sold for more than $1 million — on Lock Lane for $2 million in December, on Roaring Rock Point for $1.5 million in December and on Freeman Street for $1.2 million in January.
But the house sales total for the period was down 28.7 percent compared to the fall season total of $20.7 million.
Condos also saw a big-ticket sale: for $1.5 million on Norwood Farms Road in December. But the total value of the nine condos that sold during the winter was down 4.9 percent compared to the fall.
The average price of a condo that sold in town was up for the period — from $271,458 in the fall to $401,636. The average price of a house that sold was down 15.6 percent — from $460,419 to $388,497.
Overall, the coastal York County communities of Kennebunk, Kennebunkport, Wells, Ogunquit, York and Kittery saw a drop in the total value of residential property that sold during the winter.
The region had a strong fall — $94.3 million — when compared to other seasonal quarters dating back to last winter. The winter total was $61.7 million, a 34.6 percent decline.
In terms of average prices in the region as a whole, the price of a house inched up by 1.7 percent, from $405,606 in the fall to $412,404 in the winter. And the average price of a condo increased by 8.6 percent, from $258,348 to $280,504.
Source: http://www.seacoastonline.com/articles/20120617-BIZ-206170320
No comments:
Post a Comment