Maine Real Estate Facts

1. All Markets are local
2. Another word for real estate is home
3. There is available mortgage money
4. It's still the greatest source of wealth-building

1. All Markets are local. Yes, there is national, regional, state and county statistical data, but each will not clearly or fully explain market conditions in a town or neighborhood. Market conditions can also vary based on types of property or whether waterfront or not, so getting specific local market data is very important whether you are buying or selling real estate in Maine. Try the Market Snapshot Report, it is free to you, and will give you trends by town, or you can go to our Community Pages to see the latest sales data for communities we service.

2. Another word for real estate is home. Don't forget the real estate you buy may be where you live or vacation. Many buyers are finding Maine Real Estate is larger and more affordable than the last time they checked. Don't miss an opportunity to have your Maine Dream Home while there are so many affordable and desirable options out there. Our website allows you to search the entire Maine MLS System, and if you like, we can set-up a mini-website just for you, where you can search the Maine MLS and save your searches to review and compare, and additional information or to set-up a showing, on any listing is just one click away. Get your own Maine MLS mini search site right here.

3. There is available mortgage money. There's so much press about predatory lending that the story there is money to lend by local and reputable lenders can get lost. Don't be discouraged by negative press, instead let us help you find a local reputable lender to get the real facts on what you may be able to afford and what your monthly payments may be. One of your first steps should be to understand your credit score, and the mortgage process. Find out if you can pay less monthly by owning rather than renting. Also ask your accountant about the great tax advantages of owning your own home.

4. It's still the greatest source of wealth-building. Maine Real Estate, like everything else may fluctuate with economic cycles, but over the long term, it is consistently the asset that provides the greatest wealth to Americans. If you're renting, check to see what tax opportunities or long-term wealth may be created if you invest in real estate now. If you've always wanted to trade up, any loss you may take on a first home may be more than made up by the value added in the second home. We can show you the math.

2008 information is available in our Community Pages

Maine

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

Median
Sold $

$99,990

$105,000

$113,500

$123,500

$139,000

$155,700

$175,000

$191,000

$192,519

$194,000

 

We are happy to provide you with a more information, or be of any service you may need, Contact Us Now!