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November 29, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Augusta, Maine

Reported by Linda Butterfield, REALTOR

Updated August 19, 2009.

Current Market Rating: 2




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Buyer's

Seller's

Current Price Trend: 2




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Falling

Rising

Currently Augusta still is in a buyers market with prices falling a small perceentage. Now is a great time for buyers to look for the property of their choice, with interest rates at lows along with the lower cost of housing.

Currently there are 153 SF Residential listings in Augusta with a average list price of $161,194. In addition there are 57 Multi-family properties with a list value of $144,289, 57 land properties with an average list value of $206,053 and 41 Commercial listings with an average list value od $385,444. There have been 16 sold residential properties and 2 multi-units sold in June of 2009 compared to 3 residential and 3 land listings in June 0 2008.

ZIP Code: 04330

Location Characteristics: Augusta is the State Capital of Maine and also the County Seat of Kennebec County and located in the suth central portion of the state. It is the only city in the region that has more than 20,000 residents. Augusta is also the commercial and employment center of the area. It cover approximately 55 square miles on both sides of the Kennebec River.

The Old Fort Western built in 1754 is a National Historic Landmark and is Americas oldest surviving wooden fort.

There are six public schools, one private school, one college (The Univeristy of Maine at Augusta), and two public libraries in Augusta.

Homebuyers and renters of all ages and incomes are drawn by safe and appealing neighborhoods, competitive taxes and superior services.

For More Information:

View Market Conditions of other areas served by Linda Butterfield

Navigate: Top > Maine > Augusta

These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 4.83%
15 Year Fixed: 4.32%
1 Year Adj: 4.35%
(U.S. Weekly Averages)

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