| Market Conditions for Biddeford Pool, Maine
Reported by Bruce Edgerly, REALTOR
Updated October 23, 2007. |
Current Market Rating: 1
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| Current Price Trend: 2
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| 2 | 3 | 4 | 5 | Falling
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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: 04006
Location Characteristics: Biddeford, a city in York County, was incorporated as a town on November 17, 1718 and as a city in 1855. It was originally part of the town of Saco, its twin city.
Some historians suggest that other early settlers had emigrated from Biddeford in Devonshire, England giving the area its name. Although Saco (including Biddeford) was destroyed during Queen Anne's War, the Massachusetts General Court authorized its resettlement, which began in 1714.
By 1762 the population had reached 1,000. While lumbering was the major industry until the early nineteenth century, textile manufacturing dominated for 100 years from mid-century. First Irish, then French Canadians came to work in the mills. The French arrived after 1870 and by 1910 elected the first mayor from the French community.
Biddeford is York County's largest city and a major industrial and commercial center.
Biddeford Pool, known in the 17th century as Winter Harbor, is both a village and a water body in the city. The village is at the eastern most point of land which virtually surrounds the Pool, just south of Wood Island.
Biddeford hosts two nature preserves managed by the Maine Audubon Society. The East Point Sanctuary at Biddeford Pool is a thirty-acre sanctuary offering beautiful ocean views and is considered one of the best spots for birding in southern Maine. A wide variety of waterfowl visit the point and harbor seals can be seen fishing off shore.
Wood and Stage Islands are both important nesting areas for waterfowl. A wooden boardwalk leads to an abandoned Coast Guard Lighthouse on Wood Island.
County: York ~ School Dist/Dept: Biddeford School Department ~ Senate District: 4 , 5 ~ House District: 135 , 136 , 137 ~ Congressional District: 1 ~ Population: 20942 ~ Area: 30.8 sq miles ~ Pop. Density: 698/sq mile Longitude: W 70:26:36 ~ Latitude: N 43:27:56
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