Waterville, Maine Real Estate Market

By
Real Estate Agent with Coldwell Banker Plourde Real Estate
Well, a lot of people are wondering how our market is doing. We have weathered the storm pretty weel. I truly believe had the media not been pounding into peoples head how bad the market is, we would have continued just fine. It was the constant bombardment of how bad the market was in those overpriced area that makes people wonder if it is happening here. We had our best year in 2006 and it looked like 2007 would be another record breaking year. That was until the last quarter, thats when the effects of all the media kicked in. We were very quiet in December(maybe it was the record breaking snowstorms) and the phones slowed down. January 2008 has picked up and things appear to be rebounding. With T-Mobile in the area providing lots of jobs and the revitilization of the Hathaway building starting, it appears we may have a good year. We did not see the record increases in home prices that other areas experienced so on the flip side hopefully we won't see the drastic drops that other areas are currently experiencing. In Central Maine, the real estate was much more stable and we had much more gradual increases. All in all, I believe that there will be an increase in foreclosure activity in our area, but with the recent cut in interest rates by the Fed, I think we should see a rebound in business to a more "normal" market. This is a great time to buy real estate in the Greater Waterville Maine area.

Comments (2)

Angie Vandenbergh
Crye-Leike, Realtors - Memphis, TN
A Crye-Leike Blogger

Hi! Welcome to the site. I see this is your first post.

There is a lot of reading on this site. I recommend that you read, read, read and then comment, comment, comment. There are so many different blogs to read. There are tons of topics out there from real estate, marketing, technology, seo, staging, mortgage, etc. It goes on and on. You'll start to get to know people and before you know it... you'll have figured out the benefits of the site. 

Also check out Resources for the Active Rain Newbie.

Good luck!

Feb 05, 2008 01:50 AM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hi Don,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!

-Keith

Feb 05, 2008 07:16 PM