Market Conditions for Ogunquit

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: 03907

Location Characteristics: Ogunquit offers the perfect summer in Maine Vacation. The beaches go for miles with beautiful white sand and natural dunes. The Ogunquit trolleys can easily take you from the beaches to Perkins Cove or the center of town. Ogunquit is known for its restaurants (from casual lobster dinners to 5 star dining) and professional theater at the Ogunquit Playhouse. This summer the Playhouse is offering a chorus line, The Mod Musical Shout!, Guys and Dolls, Singing in the Rain, and All Shook Up The New Broadway Musical --All Elvis Hits.The village of Ogunquit has shops, museums, antiquing, ice cream, dancing and nightlife. There is a 1 mile paved walk winding its way along the coast from town to Perkins Cove.

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