Topsham, Maine – February 2016 Real Estate Market Report

Topsham Fair in Maine 04086Thinking about warmer days ahead and wanting to rush the season as the crocus are still the only things in bloom here in Maine, the Topsham Real Estate Market trudged onward through February with minimal inventory, but strong Pending Sales, nevertheless.  Just like its neighbor over the river, Topsham is suffering from a lack of available homes from which Buyers may choose.

February ended with  31 Current Listings (down 7 from January),  23 Pending Sales (up 4 from January), and  8 Closed Sales in February (down 1 from January).  Average Sales Price to List Price Ratio went down a couple points to 96%

If you compare February 2016 with February 2015 in Topsham, this is what you see:

  • February 2016 Current Listings – 31 vs. 40 in February 2015
  • February 2016 Pending Sales – 23 vs. 14 in February 2015
  • February 2016 Sales – 8 vs. 6 in February 2015
  • February 2016 Median Sales Price – $266,000 vs. $151,000 in February 2015

With current inventory tight in both Topsham and Brunswick, smart Buyers are not waiting for the Spring Real Estate Market to hit full stride; they are ready to move quickly as nice properties come on the market now.  Buyers, who are more flexible as to location, also continue to find additional opportunities in neighboring towns.

If you plan to buy or sell a home in Topsham, call Maine Home Realty today!

Advertisements
This entry was posted in Market Info and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s