There are new homes coming on the market everyday and some are priced correctly. We have seen a slight increase in the listing price of homes in the last 30 days. Homes priced under $200 seem to be the most active. Some of those homes are short sale properties which can be very difficult for all parties involved. Currently I have two short sale properties with offers waiting for replies from Bank of America. This process has been more than lengthy and frustrating.
Home values in Gray Maine can vary from those values of homes for sale in New Gloucester mostly because of the commuting distance to Portland or sometimes even Windham Maine. The new Hannaford's Shop N Save in Gray, Maine will certainly improve home values by providing easy access to those who commute along Route 26.
Overall the average market sales price for single family homes in the northeast have declined between 11.2% and 13.8% according to the National Association of Realtors. However, in April and May of 2009 there was a slight increase. I believe we have seen or are at the bottom for housing market. Take a look at
current homes for sale in Gray and throughout Maine and if you have any question you can email me at Matt@FiveStarRealtyMaine.com
Wednesday, July 22, 2009
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