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Bruce Edgerly

Ogunquit Market Analysis

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: 03907

Location Characteristics: Ogunquit is a town in York County, incorporated on July 1, 1980 from a portion of the town of Wells, thus its early history is that of Wells.

Ogunquit was a village corporation and functioned for the most part as a town of its own, supporting its own police, fire, highway and sewer departments.

The town is a well known actors and artists colony, featuring the historic Ogunquit Playhouse and beautiful beaches.

Located on U.S. Route 1 and Interstate 95, the town is easily accessible from Boston and Portland.

Ogunquit offers a little something for everyone. The white sandy coast forms a beautiful cove that stretches for 3 miles, which contains 3 separate beaches, each with their own parking. Restaurants, lounges, gift shops, inns, hotels, motels and guest houses line the streets. And, for those interested in the arts, Ogunquit is well known for its artistic community; with its galleries, private studios and summer theatre.

County: York ~ School Dist/Dept: Wells-Ogunquit CSD
Senate District: 1 ~ House District: 149 ~ Congressional District: 1

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Kittery Market Analysis

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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Kennebunkport Market Analysis

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: 04046

Location Characteristics: Kennebunkport is a town in York County, incorporated on July 5, 1653 as the town of Cape Porpoise. After the early white settlers were driven away by Indian raids, the community was reorganized under the name Arundel in 1718 in honor of the Earl of Arundel. In 1821 its name was changed to Kennebunk Port.

Nearly a century later, on April 1st, 1915, a new town was created from Kennebunk Port to be known as North Kennebunkport. Its name was changed in 1957 to Arundel. Thus, the new Arundel occupies a small portion of the town so named in 1719.

Cape Porpoise remains as a coastal village in the town, along with Goose Rocks Beach another seaside settlement.

In recent years Kennebunkport has become famous for visits by the two Presidents Bush - George H. W. (the father) and George W. (the son). The elder Bush has a summer residence in the community.

Beaches and rocky shore, fine art glass makers, numerous resorts and hotels, fine dining around every corner, sailing, sight-seeing, theatrics, historic districts? There are as many things to do and see here as there are degrees on a compass or seconds in a day in the bustling myriad that is Kennebunk and Kennebunkport. Get-away residence of George Bush and his family, center of entertainments ranging from extravagant to economical, Kennebunk and Kennebunkport may very well be the Cancun on Maine. Caution: visiting this wonderfully addictive community may prove hazardous to the serious side of your nature.

County: York ~ School Dist/Dept: MSAD 71 ~ Senate District: 4 ~ House District: 137 ~ Congressional District: 1 ~ Population: 3720 ~ Area: 36.0 sq miles Pop. Density: 180/sq mile ~ Longitude: W 70:34:24 Latitude: N 43:23:54

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Eliot Market Analysis

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: 03903

Location Characteristics: Eliot is a town in York County, incorporated on March 1, 1810 from a portion of Kittery.

Settled in the 1630's it was part of the Piscataqua Plantation created in 1647. Its many historic sites include Maine's first Quaker Meetinghouse built in 1776.

A growing residential community serving the Kittery and Portsmouth areas, its population expanded by almost 12 percent in the 1990-2000 decade.

The population, at the time of the 2000 census, was 5,954.

County: York ~ School Dist/Dept: ~ MSAD 35 ~ Senate District: 1 ~ House District: 148 ~ Congressional District: 1 ~ Population: 5954 ~ Area: 20.3 sq miles ~ Pop. Density: 302/sq mile ~ Longitude: W 70:47:22 ~ Latitude: N 43:08:49

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Biddeford Pool Market Conditions

Top > Maine > Biddeford Pool

Market Conditions for Biddeford Pool, Maine

Reported by Bruce Edgerly, REALTOR

Updated March 29, 2008.

Current Market Rating: 1



1
2345
Buyer's

Seller's

Current Price Trend: 1



1
2345
Falling

Rising

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: 04006

Location Characteristics: Biddeford, a city in York County, was incorporated as a town on November 17, 1718 and as a city in 1855. It was originally part of the town of Saco, its twin city.

Some historians suggest that other early settlers had emigrated from Biddeford in Devonshire, England giving the area its name. Although Saco (including Biddeford) was destroyed during Queen Anne's War, the Massachusetts General Court authorized its resettlement, which began in 1714.

By 1762 the population had reached 1,000. While lumbering was the major industry until the early nineteenth century, textile manufacturing dominated for 100 years from mid-century. First Irish, then French Canadians came to work in the mills. The French arrived after 1870 and by 1910 elected the first mayor from the French community.

Biddeford is York County's largest city and a major industrial and commercial center.

Biddeford Pool, known in the 17th century as Winter Harbor, is both a village and a water body in the city. The village is at the eastern most point of land which virtually surrounds the Pool, just south of Wood Island.

Biddeford hosts two nature preserves managed by the Maine Audubon Society. The East Point Sanctuary at Biddeford Pool is a thirty-acre sanctuary offering beautiful ocean views and is considered one of the best spots for birding in southern Maine. A wide variety of waterfowl visit the point and harbor seals can be seen fishing off shore.

Wood and Stage Islands are both important nesting areas for waterfowl. A wooden boardwalk leads to an abandoned Coast Guard Lighthouse on Wood Island.

County: York ~ School Dist/Dept: Biddeford School Department ~ Senate District: 4 , 5 ~ House District: 135 , 136 , 137 ~ Congressional District: 1 ~ Population: 20942 ~ Area: 30.8 sq miles ~ Pop. Density: 698/sq mile Longitude: W 70:26:36 ~ Latitude: N 43:27:56

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