Home » Uncategorized » Bangor Area Sales Brisk, Up 9.7% Year to Date

Bangor Area Sales Brisk, Up 9.7% Year to Date

Home sales continue to improve nationally and it’s the same for the Bangor Area*.

Home sales continue to improve nationally and it’s the same for the Bangor Area*.
Year to date sales for single family homes and condos out paced dollar volume for the same period last year by 9.7%, for a total sales volume of $37 million. This year there were 246 homes sold compared with last years pace of 232, a 6% increase.
With home mortgage interest rates continuing to be very attractive for home buyers, more homeowners are recognizing that it’s becoming more of a sellers market.
The average sale price of homes sold in the first quarter of 2011 saw no increase from the previous year. However, the average sale price of homes sold in the first quarter increased to $151,500 in the Bangor Area compared to $146,500 last year, a solid 3.4% gain. This gain is the result of an expected increase in demand and in consumer confidence that is accompanying the area’s improving economy.
*Bangor,Brewer,Glenburn,Hampden,Hermon,Holden,Orrington,Orono,OldTown,Veazie

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