Waldo
County breaks a 17-year record for the most homes sold.
By
September of Last year there were enough confirmed real estate sales to guarantee
a new 17-year record high for sales volume here in Waldo county.
The
Maine association of REALTORS® has released a final
tally showing 484 homes sold here in Waldo county. These sales represent a
growth factor 175% over where they were in 2010 and 2011.
At
the same time that volume has gone up so have median sale prices.
One
might ask if this means we are in a buyer’s market or a seller’s market. The
answer is both.
While prices have gone up interest rates have come down to as low as 3.85% from 4.17% in 2014. This means that a buyer would now have the same monthly payments on a $213,000 home purchased today that they would have paid on a $205,000 home purchased 2 years ago. This is a wining proposition for buyer and seller.
While prices have gone up interest rates have come down to as low as 3.85% from 4.17% in 2014. This means that a buyer would now have the same monthly payments on a $213,000 home purchased today that they would have paid on a $205,000 home purchased 2 years ago. This is a wining proposition for buyer and seller.
In this market a properly priced, prepared, and promoted
home will sell. If you have been thinking about making a real estate move in Maine,
please give me a call.
Brian J WalkerBerkshire Hathaway HomeServices Northeast Real Estate
207.619.1226
207.619.1226
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