| Market Conditions for York, Maine
Reported by Bruce Edgerly, REALTOR
Updated October 23, 2007. |
Current Market Rating: 1
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| 2 | 3 | 4 | 5 | Buyer's
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| Seller's |
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| Current Price Trend: 2
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| 2 | 3 | 4 | 5 | Falling
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| Rising |
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Though the market has gotten weaker in some areas...properties closest to the ocean are still moving...Summer of 2007 even exceeded that of 2006...Buyers are still looking and know that this is the time to be buying before the market bounces back to the sellers court. It is now fall 2007 and calls are still coming in which leads me to believe that 2008 should be even better.
Though the market has dropped drastically in other states, Maine is holding its own and sales have increased since 2006. This is a very good sign for Southern Maine Real Estate. It appears that buyers are trying to lock in to their second homes or investment properties while the market is still in their favor.
ZIP Code: 03909
Location Characteristics: The plantation of Agamenticus (or Acomenticus), now the town of York, was established on March 25, 1636 and incorporated as a city on April 10, 1641. The name is from the Abnaki meaning small river other side of island. A Native American returning from the sea would find what is now the York River as the smaller one on the other side of an island from the larger Piscataqua River.
Sir Fernando Gorges in 1641 immodestly named the capital city of his province Gorgeana. The town of York, was incorporated on November 22, 1652 from a portion of that city and is the second oldest town in Maine. The oldest is Kittery incorporated only two days earlier.
Most of the town's inhabitants are located between U.S. Route 1 (inland) and U.S. Route 1A which runs along the coast. Its population has more than doubled in the past thirty years, and grew by nearly 31 percent between 1990 and 2000.
County: York ~ School Dist/Dept:York School Depart-ment ~ Senate District: 1 ~ House District: 149 , 150 ~ Congressional District: 1 ~ Population: 12854 Area:56.2 sq miles ~ Pop. Density: 234/sq mile Long-itude: W 70:40:04 ~ Latitude: N 43:11:10
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