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Northern Maine Market Holds It Own...No Spikes, No Major Swings!

When you are parked up here in the right hand corner of the country, no one bothers you, you don't get the attention some parts of america do but like it that way.  Low key, friendly, nothing really gets us too bent out of shape.  Take it all in stride.  That's why when the talk talk talk about the bubble bursting...how awful sales are in some sections...none of that applies to many rural areas like Northern Maine.  Our prices are so much lower for starters.  You don't get foreclosed on with a $39,000 mortgage as the payment is cheaper than rent.  We don't see a home that sold last year for $65,000 with fireplace, 1.5 baths and double garage suddenly sell for $165,000.  Folks build if there is a shortage in one category...but they don't ker-plunk another $100,000 cause they have to have it or due to a build up pressure on shortage of inventory.  We stay in balance. The marketing time could extend but we don't get blistering hot or subartic cold market wise.  We just chug along..and warm up a little when things are really going gang busters in southern new england and beyond.  Telecomuting with high speed internet makes these small town sections of Maine really popular too!  You can bring the same paying job and suddenly everything you know, divide by three for expenses.  Value, small town sense of community, super spot for all ages to grow up and enjoy life in! You get so much more home for the money and many of the victorians are homes that the new owners could not afford in their lifetime if they had stayed in the city.  Here, there are affordable because not a stampede of buyers and local wages are lower and spending for housing tied to the wage scale. Get more for less. And at tax time, you find yourself in a lower tax bracket but with money left over for luxuries like gas, groceries, clothing...medicine!

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Comment balloon 0 commentsAndrew Mooers | 207.532.6573 • March 25 2007 05:09PM

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