These stats came in today’s email by the Maine Association of Realtors. MREIS is “Mine Real Estate Information Services”
NOTABLE STATISTICS: Recently MREIS looked at the data for the first 685 sales reported with the new data field – Buyers Previous Zip Code. Statistics show that of those, 75% of all properties were purchased by those in Maine, with 25% from out-of-state. While single-family residential and condo property types each had 75% of purchasers from Maine, multi-family had over 90% and mobile home had 86% of purchasers from Maine. However, nearly 40% of land purchasers were from out-of-state. Nearly 49% of all out-of-state purchasers were from two states – MA (32.6%) and NH (16.3%). REMINDER – that data field is a mandatory field in MREIS. You cannot use 00000. For Canadian or International purchasers use INTL in that alpha-numeric field.
If you think about, this is a great tool for your marketing campaign. Where you advertise may directly affect how long your listings are on the market, and therefore putting more money back in your pocket.
If your thinking of selling your Maine Real Estate, why not give Meservier & Associates a call. They know Maine, real estate technology, and what it takes to market and sell your home. The are Today’s Real Estate Professionals!