MAINE REAL ESTATE QUARTERLY STATISTICS

Maine real estate monthly report.

LookinMaine real estate monthly report.

Lookin’ alive, Maine! The past quarter has seen a perkier market in all but one county. (‘Sup, Sagadahoc? I thought Bath Iron Works was on a hiring binge.)

The first three columns of that table address the number of houses sold this quarter versus the same quarter a year ago–it’s a measure of how easy (or hard) it is to get out from under a house you don’t want.

But the second three columns remind you that opportunity is not equal. These columns address any change in the average sale price, this quarter over the same quarter a year back. A big change in that average price can mean a couple things:

1: A big, expensive house sold, and its price is pushing the average around. Check the “volume” columns — a small volume of sales leaves the average price vulnerable to weirdo sales.

2: Sellers are SICK OF THIS AND GETTING OUT OF HERE EVEN IF WE TAKE A BATH ON THE PRICE! This  might explain Lincoln County, where the number of sales is up, but the price is way down.

When you look at the populous counties (York, Cumberland, Kennebec) you find smaller swings from quarter to quarter: A high “n” (number of data points) produces a more reliable signal of where people are going.

 

WHO OWNS THAT? REALTY SUPERPOWERS REVEALED!

When tax money flows between people and government, it often leaves a “public record,” a trail. You can use this public record to discover who owns a building. Realtors follow these trails for every house we handle, looking for back taxes, foreclosure motions, sibling squabbles, snarly divorces, and other afflictions.

To find your own trail, start at the Assessor’s Office in your town. Here’s Portland’s.

Input the street and/or street number you’re curious about. Screenshot (61) You’ll get a list of properties and tax accounts on that street; if you have the street number you’ll get just that property.Screenshot (62)

Click the account number at the left of the property you’re interested in, which will take you to that property’s “assessor’s card.” Cumby’s card, for instance, looks like this, and will contain allllll manner of info, including when it last changed hands, and for how much money. And a pretty picture, so you can be sure you’re looking at the right thing.

Screenshot (63)

Now write down the “Book and Page” Screenshot (64)numbers from the card. We’re going to find the deed for this property at the Registry of Deeds. Here’s Cumberland County’s.

Search settings:

Office: Recorded Land

Search Type: Volume

Volume (Book): 7282

Page Number: 348Screenshot (65)

GO! Up comes the result list, from which you select that tiny magnifying glass image labeled, “View img.”

And voila. There’s the deed, the public record of the last time that property changed hands.

Screenshot (66)

It gets a lot funner than that, but also a lot more wordy. But just for fun, click one of those names that appears to the right of the deed…