Kittery Market Conditions

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..

Overall many properties are closing at 15% under the accessed values....Of course each property and each situation is unique.

ZIP Code: 03904

Location Characteristics: Kittery is a town in York County, incorporated from Piscataquis Plantation on November 20, 1652 as the first town in the District of Maine. It was joined by York two days later. Apledore was incorporated as a town in 1661; its name was changed to Isles of Shoals in 1665 and then annexed to Kittery in 1696.

The town serves as the gateway to Maine from points south with its old and more modern bridges spanning the Piscataqua River.

The federal government established the Navy Yard at Kittery in 1806. The 74-gun ship Washington was the first vessel built in the Yard in 1815.

Kittery shipyards have been producing for nearly two hundred years, including famous vessels such as ?Washington? and the ?Kearsage.? Come feel the history.

County: York ~ School Dist/Dept: Kittery School Department ~ Senate District: 1 ~ House District: 149 , 151 ~ Congressional District: 1 ~ Population: 9543 ~ Area: 18.5 sq miles ~ Pop. Density: 536/sq mile Longitude: W 70:42:52 ~ Latitude: N 43:06:04


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