Brunswick, Maine – December 2015 Real Estate Market Report

Brunswick Maine 04011As we settle into the 2016 New Year, making plans and looking forward, we take a moment to look back at the December 2015 Real Estate Sales data in Brunswick. 

As compared to November numbers, the number of Active Listings dropped even further, Pending Sales decreased, and Closed Sales also dipped slightly.  We thought December would finish on a stronger note in Brunswick!

Current inventory numbers in Brunswick continue to be well below the prior year’s levels at this point.

December ended with just 69 Current Listings (down 9 from November),  38 Pending Sales (down 10 from November), and 22 Closed Sales in December (down 3 from November). After dipping down a couple points last month,  Average Sales Price to List Price Ratio dipped 3 more points to 93%, in December.

Let’s compare December 2015 with December 2014 in Brunswick:

  • 69 Current listings in 2015 vs. 97 last December;
  • 38 Pending Sales in 2015 vs. 33 last December;
  • 22 Closed Sales in 2015 vs. 21 last December;
  • December 2015 Median Sales Price $172,250 vs. December 2014 Median Sales Price $246,000

As an explanation for the much lower Median Sales Price this month, we note that 13 of the 22 homes that sold were purchased for less than $200,000, including 5 (23% of sales in December) located at McKeen Street Landing, the former Navy housing development.

If you are ready to sell or buy a home in Brunswick, call Maine Home Realty today!

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