Kittery, ME

The latest forecast by the National Association of Realtors (NAR) claims that existing-home sales are projected to trend up in 2008. I definitely see that happening here in the Seacoast. In fact, Lawrence Yun, Chief Economist for NAR was quoted recently saying, "The improvement in the Northeast reaffirms a trend apparent for some months now that shows signs of recovery, noteworthy because that was the first region to slump." Yes, he said did say improvement in the Northeast!

Let's check out what's been going on in the Kittery/Eliot area.

1. 21 homes sold in the Kittery/Eliot area in April

2. Year-to-date, 41 homes have sold in Eliot and Kittery, ME.

3. 19 Eliot/Kittery area homes went pending with active contracts in April, and

4. There are currently 174 active listings in this area as well.

If you are thinking of selling, now is a great time with home sales trending upward. Price your house right and it will sell.

If you are thinking of buying, now is definitely the time. If you are waiting for home prices to go lower I believe you may have missed the bottom so now is the time to get off the fence.

If you or someone you know is looking to buy or sell, please feel free to call or email me--I'm never to busy for your referrals!

For more real estate information, check out www.SeacoastHomesForYou.com.

To receive a FREE on-line home market analysis, check out www.GetFreePropertyValues.com .

Kittery Maine Real Estate - Coastal Scenes Along Kittery Maine's Shoreline


What a gorgeous area of the country I'm so fortunate to live in! I live here in Portsmouth New Hampshire, which is right on the border of New Hampshire and Maine, and we're also here along the tiny coast of New Hampshire.

It's just beautiful here, and we have so much to do and see and experience, both in coastal NH and southern Maine coastal areas. Being on the coast, we get to enjoy the soothing sights and sounds of coastal living every day, if we choose to. My favorite drives are those that hug the coastline in both New Hampshire and Maine Seacoast areas.

Kittery Maine's waterfront areas provide for lots of picture-taking opportunities of boats, all kinds of boats - lobster boats, sailboats, dinghies, row boats, etc.

Enjoy these pictures of the variety of boating along the shores of Kittery Maine!

And if you're thinking about buying or selling real estate in the Portsmouth New Hampshire areas, send me an email or give me a call - I'd love to help!

Do you have some Seacoast pictures you'd love to see posted here to share with others about our area?
Send them along and we'll post them for you.

To view New Hampshire and Maine Scenic Posts, check out these posts:

• Historic Portsmouth NH Churches
• Lighthouse Lovers Paradise
• Historic Downtown Portsmouth New Hampshire
  

Ann Cummings, New Hampshire and Maine REALTOR
Real Estate Broker - NH and Maine
RE/MAX Coast to Coast
Portsmouth NH
ann@anncummings.com
888-349-5678 x 3839
Servicing the Coastal Areas of NH & Southern Maine

You might not believe it, BUT, the National Association of Realtors stated recently that sales of existing homes rose to a 5.03 million annual rate in February which is an unexpected 2.9% increase. Why? The answer is that sales are being spurred by lower prices. Falling prices improve affordability and encourage people to make purchases.

In addition to existing home sales, new construction homes for sale at the end of February dropped to 471,000 units (in the US), the fewest since July 2005.

Rising sales and lower prices have also stimulated the mortgage market. This is due in part to recent Federal Reserve actions that have allowed the 30-year fixed mortgage to remain near 6% and the 15-year fixed to hang around 5.5%.

Now that your all up to date on the national market. Here's what the real estate market looks like in the Kittery/Eliot, Maine area:

1. 12 homes sold in March of 2008. All were single family homes,
2. 23 homes are pending with active contracts in March in the Kittery/Eliot area,
3. There are 165 active listings in Kittery and Eliot, and
4. Year-to-date, 28 homes have sold in the Eliot/Kittery area.

Not to bad huh?

Since prices and rates are low and sales are starting to turn around, now is the time to buy to get the best value. If you or someone you know is thinking of buying, investing or moving up, give me a call. If you wait, it may be too late!

If you're interested in receiving new home listings by email, or getting an over-the-net price opinion on your home, call or email me today or check out my websites http://www.seacoasthomesforyou.com/ or http://www.getfreepropertyvalues.com/ .

Kittery Maine home to the Outlet Malls, Chauncey Creek Lobsters, The Dog House, Portsmouth Naval Shipyard and Kittery Trading Post is the "Gateway to Maine".

The first quarter of 2008 saw 19 single family homes and condos sold. This is a 39% decline over 2007 when 31 homes were sold in the same time period.

The average sale price has come down to $375,972 from $419,437. This is a 9% decline in home values from 2007 to 2008. While days on market only changed by about a week - with it taking 127 days to sell in 2008 vs. 119 in 2007.

There are currently 110 homes for sale in Kittery Maine. Ranging in asking price from $110,000 to $5,500,000. The good news would be that 11 homes are currently under contract. We will have to see what happens this Spring to home sales in Kittery. The number of homes under contract is a good sign that the decline may simply have been a result of the record breaking winter weather we have had in these parts.

Interested in living in Kittery? Search MLS

Visit The Seacoast Sold Report for more information about Kittery and surrounding towns.

It is now 2008 and buyers are realizing that it is now or never....prices have come down and interest rates are still doing well...Many buyers are hoping to come into the Maine market and get a lot for their money....but the truth is that many sellers have already marked prices as low as they possibly can....Sellers today are having to go to closing with some cash in order to clear title...

Buyers may want to understand the market that they are shopping in first of all.....for example Biddeford is a little different from Ogunquit....and the prices will dictate that....

It is nice to see buyers doing their homework over the internet before seeking to see a property, but keep in mind that many properties out there are in an up side down loan and sellers can decrease their prices just so far....

It is important for agents to educate their buyers, for example, a seller has a large mortgage on a property...it is important to know this before trying to just make a low ball offer....in todays market many sellers are either just breaking even or needing to come to the closing with cash.


ZIP Code: 03904

Location Characteristics: Kittery is a town in York County, incorporated from Piscataquis Plantation on November 20, 1652 as the first town in the District of Maine. It was joined by York two days later. Apledore was incorporated as a town in 1661; its name was changed to Isles of Shoals in 1665 and then annexed to Kittery in 1696.

The town serves as the gateway to Maine from points south with its old and more modern bridges spanning the Piscataqua River.

The federal government established the Navy Yard at Kittery in 1806. The 74-gun ship Washington was the first vessel built in the Yard in 1815.

Kittery shipyards have been producing for nearly two hundred years, including famous vessels such as ?Washington? and the ?Kearsage.? Come feel the history.

County: York ~ School Dist/Dept: Kittery School Department ~ Senate District: 1 ~ House District: 149 , 151 ~ Congressional District: 1 ~ Population: 9543 ~ Area: 18.5 sq miles ~ Pop. Density: 536/sq mile Longitude: W 70:42:52 ~ Latitude: N 43:06:04

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