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York Market Analysis

03-29-08
Bruce Edgerly
Top > Maine > York

Market Conditions for York, Maine

Reported by Bruce Edgerly, REALTOR

Updated March 29, 2008.

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: 03909

Location Characteristics: The plantation of Agamenticus (or Acomenticus), now the town of York, was established on March 25, 1636 and incorporated as a city on April 10, 1641. The name is from the Abnaki meaning small river other side of island. A Native American returning from the sea would find what is now the York River as the smaller one on the other side of an island from the larger Piscataqua River.

Sir Fernando Gorges in 1641 immodestly named the capital city of his province Gorgeana. The town of York, was incorporated on November 22, 1652 from a portion of that city and is the second oldest town in Maine. The oldest is Kittery incorporated only two days earlier.

Most of the town's inhabitants are located between U.S. Route 1 (inland) and U.S. Route 1A which runs along the coast. Its population has more than doubled in the past thirty years, and grew by nearly 31 percent between 1990 and 2000.

County: York ~ School Dist/Dept:York School Depart-ment ~ Senate District: 1 ~ House District: 149 , 150 ~ Congressional District: 1 ~ Population: 12854 Area:56.2 sq miles ~ Pop. Density: 234/sq mile Long-itude: W 70:40:04 ~ Latitude: N 43:11:10

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