I didn't want to speak for Maine, but Terry and Carole are seeing the same as I am here in NY. We're seeing more buyers then fairly priced listings. Interest rates are starting to tick up and foreclosure properties available are going down. As a result, buyers are out buying so they don't miss the boat. I'm seeing a lot of move up buyers who are really in a great position.
Donald A Mituzas
Licensed Associate Broker
2008 Realtor of the Year
Douglas Elliman Real Estate
Hi Ellen. The earlier answers to your question covered it very well. The CMA you would need is referred to as a Buyers CMA. It is done for a specific property of interest, which matches it against comparable properties. That way you can determine how it is priced in relation to its true competitors which have recently sold and which have yet to sell. The person doing the CMA or advising you should be familiar with all the various sections of Kittery Point, as well. Prices can vary a lot when your dealing with proximity to the ocean. If i can be of assistance, you can reach me via e-mail at John@Beangroup.com or through my website at www.johnfennessey.com.... more
Hi Karen - It's true that some architectural styles are more popular than others. Right now in our local area, shingle style is extremely popular. But popularity in styles changes over time. In addition, many homes don't fit neatly into a single style. While many Buyers do not care for contemporary, many do. In particular, contemporary is a popoular style for waterfront properties, because the oversized windows allow panoramic views. And some of the most expensive homes and listings in the area are contemporary.
I would not discount, or mark down, a listing price on a home just because the style is contemporary. It may take longer to sell but this is true of many homes that lean strongly towards a particular style and away from neutral.... more