Special offer

Saco Market Analysis

By
Real Estate Agent with Ogunquit Sunrise Properties
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: 04072

Location Characteristics: Saco is a city in York County, settled in 1623 and organized as a town on July 5, 1653.

While some suggest the name derives from the Sokokis Indians of the area, others believe it is of Indian origin meaning the outlet. However, Lawrence Bond notes that Estaban Gomez, an early explorer, called it Bahia de Saco or Bay of the Sack in 1525.

In 1811 Saco Academy was founded after 37 Saco citizens petition the Massachusetts legislature to establish an academy in Saco. Later renamed in honor of benefactor Dr. Thomas G. Thornton, the school was destroyed by a suspicious fire in 1848 and was not reopened until 1889.

Goosefare Brook nature preserve is a 309-acre waterfront parcel purchased by the Nature Conservancy as an addition to the Rachel Carson National Wildlife Refuge.

One half of the Biddeford-Saco metropolitan area, the city has its own extensive beach and Ferry Beach State Park. Occupying the east side of the Saco River as it enters Saco Bay, the city is the eleventh largest community in Maine.

Situated between the modern conveniences of Portland and Boston lies the city of Saco. With long stretches of beautiful beaches, bustling fishing harbors, and a historic downtown shopping district, Saco is a wonderful place to visit. Saco and its sister city of Biddeford constitute the banking, service, and manufacturing centers of south coast Maine.

County: York ~ School Dist/Dept: Saco School Department ~ Senate District: 5 ~ House District: 133 , 134 ~ Congressional District: 1 ~ Population: 16822 Area: 38.8 sq miles ~ Pop. Density: 437/sq mile Longitude: W 70:27:17 ~ Latitude: N 43:32:14

For More Information:

Comments (0)