2017 Real Estate Activity with Rick Coyne
The Maine Real Estate market in 2017 was very active. The number of properties sold was up 2.02% and the median sales price was up 9%. This was done with a historically low number of listing inventory especially the first 6 months of the year. Sales were very strong in the third and fourth quarters of 2017.
Hi, my name is Rick Coyne, Broker/Owner of EXIT Oceanside Realty in Wells. The information regarding real estate sales activity in Maine in 2017 comes from Maine Real Estate Information Service also known as Maine Listings.
Regarding sales activity in York County in 2017, the number of properties sold were about the same, but the median sale price was up 7.8% to $257,700. Median sale price means half of the homes sold for more and half sold for less.
Locally in Wells, 227 single family homes sold in 2017 which is basically about 4 more than in 2016. The median sale price for a single family home in 2017 was $345,000 and increase of 8.5% compared to 2016.
It is a sellers market with just over 5 months of listing inventory as of January 30, 2018, for single family homes in Wells. With interest rates still low there are buyers in the market but very few homes to choose from.
If you are thinking of selling your house or you would like to find out how much your home is worth go to my website (www.exitoceansiderealty.com/free-market-analysis) and find out how much your home is worth tab that drops down for a free over the internet home evaluation.
My name is Rick Coyne Broker/Owner of EXIT Oceanside Realty in Wells, Maine. For more information about the real estate market in Wells and Southern Maine please call, text, send me an email.