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March 22, 2010
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Saco, Maine

Reported by Bruce Edgerly, REALTOR

Updated October 16, 2009.

Current Market Rating: 2




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Buyer's

Seller's

Current Price Trend: 2




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Falling

Rising

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..

Overall many properties are closing at 15% under the accessed values....Of course each property and each situation is unique.

ZIP Code: 04072

Location Characteristics: Saco is a city in York County, Maine, United States. The population was 16,822 at the 2000 census. It is home to Ferry Beach State Park, Funtown Splashtown USA, Thornton Academy, as well as General Dynamics Armament Systems (also known by its former name, Saco Defense), a subsidiary of the defense contractor General Dynamics. Saco has two growing business parks and another one under development. Saco sees much tourism during summer months, due to its amusement parks, Ferry Beach State Park, and proximity to Old Orchard Beach.

Saco has taken steps to make the city more environmentally friendly. In early 2007 a wind turbine was erected near the water treatment plant at the foot of Front street. Another wind turbine was erected on the top of York Hill in December 2007 to generate power for the new train station for Amtrak's "Downeaster." This is part of the project to restore Factory Island, including the renovation of several abandoned mills that have fallen into disrepair, and the erection of new townhouses and a marina.

For More Information:

View Market Conditions of other areas served by Bruce Edgerly

Navigate: Top > Maine > Saco

About Bruce Edgerly:
It is my goal as your full service real estate company specializing in the Ogunquit, York, and adjacent areas in Southern Maine, to provide you with superior service at all times. My local expertise and extensive real estate experience will benefit you whether you are serious about buying or selling a home at this time, or are a returning client checking out the many homeowner resources I offer.

I am a life-long resident of Maine. I have owned and operated a coastal property rental business in Ogunquit and Wells for several years. I am a licensed real estate agent and also holds a Bachelor of Science Degree from the University of Maine at Fort Kent.

I am very familiar with York County and the Maine real estate climate in general. This knowledge will help me obtain the best price for your home or the most-fairly-priced property in the best location for you and your family.

Looking to buy Southern Maine Real Estate? BruceEdgerly.com is your one stop source to all your real estate needs. I, am an Ogunquit Real Estate RealtorŪ with years of experience in helping people find new homes in Ogunquit and in surrounding areas. I, as your professional RealtorŪ, can provide you with Southern ME real estate listings for Single Family Houses, Townhomes, Condos, Contels and other types of properties.

If you are looking to sell your Southern Maine Home, I will provide you with a Free Market Analysis (CMA) on your house-empowering you to know your house's value. I as your Southern ME RealtorŪ will help you with the home buying or home selling processes every step of the way.

Call me today at 207-450-6513 for a showing or for your free CMA.



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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