Final Report - VHB.com

anged between 14 sales in 2008 and 41 sales in 2003; transfers of commercial land
ranged between zero sales in 2007 and seven sales in 2005.
Residential Land Activity and
Pricing
Brunswick – Residential Lot Sales
A select sample of residential sales was categorized in 10 different zoning districts in
the Town of Brunswick. Lot pricing from this sample ranged from $25,000 to
$565,000, with the high end influenced by a waterfront setting. The range in median
sale price between the different zoning districts was from $50,000 to $166,000; the
overall median was $85,000. The average value per acre ranged from less than
$20,000 to $138,420, depending on the zoning district; the overall average value per
acre was $58,540.
Topsham – Residential Lot Sales
The selected sample of residential land sales was categorized in four different zoning
districts in the Town of Topsham. Residential lot pricing ranged from $20,000 to
$110,000. The range in median sale prices was from $46,750 to $58,500; the overall
median was $51,750. The average value per acre ranged from $26,450 to $175,890; the
overall average value per acre was $35,730.
Commercial Land Activity and
Pricing
Brunswick – Commercial Land Sales
According to the town’s data, the number of commercial lot sales ranged between
three (2005 and 2009) and eight sales (2004 and 2008). Most of the commercial land
sales were located in the Cooks Corner Commercial District (CCCD), the Portland
Road Area (MU 5), the Church Road Industrial Park (I-2), or the Exit 22 district (I-4);
only a few were in the Outer Pleasant Street (HC1) district.
Fifteen of thirty-four commercial land transactions were between 1 and 2.9 acres, six
were less than 1 acre, and four were between 3 and 4.9 acres. The other nine sales
were in two size categories with 5 acres or more and comprised more than 154 acres.
The average sale value was $35,820 per acre; the highest average value was $597,825
per acre. The latter was a representative sale of a 0.46-acre site on Pleasant Street in
2007. The average value of small lots (i.e., less than 1 acre) was $322,570 per acre, and
lots in the CCCD averaged $233,445 per acre, with a high value of $360,000 per acre.
Topsham – Commercial Land Sales
The number of per-year commercial-lot sales in the Town of Topsham ranged
between 12 sales in 2009 and 41 sales in 2003 and 2008, according to the town’s data.
Most of the commercial land sales were located in the Commercial Corridor (CC),
Existing Conditions 60