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Market Conditions in Kittery Point : Real Estate Advice

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  • Home Buying1
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Activity 2
Tue Jun 26, 2012
John Fennessey answered:
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
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Fri May 1, 2009
Margaret Mitchell answered:
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.
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