Top > Maine > Biddeford Pool
| Market Conditions for Biddeford Pool, Maine
Reported by Bruce Edgerly, REALTOR
Updated March 29, 2008. |
Current Market Rating: 1
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| Current Price Trend: 1
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It is now 2008 and buyers are realizing that it is now or never....prices have come down and interest rates are still doing well...Many buyers are hoping to come into the Maine market and get a lot for their money....but the truth is that many sellers have already marked prices as low as they possibly can....Sellers today are having to go to closing with some cash in order to clear title...
Buyers may want to understand the market that they are shopping in first of all.....for example Biddeford is a little different from Ogunquit....and the prices will dictate that....
It is nice to see buyers doing their homework over the internet before seeking to see a property, but keep in mind that many properties out there are in an up side down loan and sellers can decrease their prices just so far....
It is important for agents to educate their buyers, for example, a seller has a large mortgage on a property...it is important to know this before trying to just make a low ball offer....in todays market many sellers are either just breaking even or needing to come to the closing with cash.
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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